Insurance Asset Management
The Madison Investments Insurance Solutions Team has been dedicated to serving the investment management needs of insurance entities for over 25 years. The team develops customized asset liability management strategies for each of its clients by conducting a comprehensive analysis of the insurer’s unique financial, operational, and risk tolerance needs.
With an average of over 30 years of experience in insurance company portfolio management, we understand the importance of Enterprise Risk Management and take a holistic approach to developing an investment strategy tailored to each company’s operational profile. We then develop a custom portfolio solution for our insurance partners through the expertise of Madison’s portfolio managers and analysts across our equity, fixed income, and multi-asset investment teams. Ultimately, our objective is to balance risk and return while effectively maximizing income generation and surplus growth opportunities for our insurance clients.
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Customized Investment Solutions for Insurance Companies
Our team of insurance investment management experts design Enterprise Risk Management (ERM) balanced investment solutions for insurers of all types, sizes, specialty lines and geographic focus. Portfolios are managed across the full breadth of Madison’s robust investment capabilities including all aspects of fixed income, equities and non-correlating asset classes. Our primary focus is on preservation of Capital & Surplus and generation of consistent investment income.
Captive Investment Solutions
Madison Investments' Captive Insurance Solutions is a cost-effective investment solution for small emerging insurers with investable assets of $3 million to $10 million who are interested in outsourcing various aspects of the investment management process.
Captive Education SeriesInsurance Solutions Team
William Fain
Insurance Portfolio Manager
Alyssa Johnson
Insurance Analyst
Mike Sanders, CFA®, FRM®
Head of Madison Fixed Income, Portfolio Manager
Paul Lefurgey, CFA®
Co-Head of Investments – Fixed Income, Executive Committee
Jeffrey Matthias, CFA®, CAIA®, CIPM®, CFP®
Portfolio Manager
Michael Massel, CFA®
Fixed Income Analyst
Chris Nisbet, CFA®
Portfolio Manager
Allen Olson, CFA®
Portfolio Manager, Analyst
Michael Peters, CFA®
Portfolio Manager
Chris Schroeder
Portfolio Manager, Analyst
Alan Shepard, CFA®
Portfolio Manager, Analyst
Mike Glatkowski, CIMA®
Director of Institutional Business Group
Rich Marsden
Investment Specialist
Mr. Miller, CFA, joined our firm with over 20 years of insurance company and bank investment management experience. Mr. Miller managed both the fixed income and equity portfolios for Illinois Mutual Life Insurance Company for 15 years prior to joining Madison. Don also previously served as an investment officer and portfolio manager for Bank One Investment Advisors in Central Illinois. He currently holds the CFA designation and has an MBA from Bradley University in addition to his undergraduate degree in Finance from Creighton University and a General Banking degree from the University of Illinois.
Mr. Fain joined Madison in 2002 and brings almost three decades of experience managing taxable and tax-advantaged portfolios for insurance companies. Mr. Fain holds a BS in Finance from the University of Rhode Island and an MBA in Finance from Michigan State University. He previously held the position of Vice President of Portfolio Management at a large, multi-line insurance consortium where he managed various affiliated company and external insurance client portfolios and spent several years prior to that managing the treasury operations for a regional property and casualty insurance company.
Ms. Johnson joined the Madison organization in 2003 and oversees the investment accounting and reporting of our Insurance Asset Management Division. She began her insurance career with Marsh & McClennan where she focused on large commercial and industrial projects. Ms. Johnson holds a B.S. in Business Management from Arizona State University.
Mike serves as a Portfolio Manager and is the Head of Madison’s Fixed Income Team. Mike started in the financial services industry in 2004 and joined Madison in 2013. Prior to joining Madison, Mike was a Portfolio Manager at Ziegler Lotsoff Capital Management with an extensive background in credit research. He earned his BBA in finance from St. Norbert College, M.S. in economics from Marquette University and an MBA in analytical finance and accounting from the University of Chicago Booth School of Business. He is a CFA charterholder.
Paul serves as Co-Head of Investments with oversight of the firm’s Fixed Income and Multi-Asset Solutions Teams. He is on the firm’s Executive Committee and Investment Risk Oversight Committee. He started in the financial services industry in 1988 and joined Madison in 2005. Paul is also a member of the firm’s Board of Directors. Paul was previously the Head of Fixed Income at MEMBERS Capital Advisors and Duff & Phelps Investment Management. He earned his bachelor’s degree in accounting from Michigan State University.
Jeff, CFA, CAIA, CIPM, CFP, serves as a portfolio manager for Madison’s Fixed Income Team, specializing in tax-exempt municipal bond portfolios. Jeff has been working in the financial services industry since 1987 and joined Madison in 2011. He earned his B.S. in finance from the University of Wisconsin-Platteville and his MBA in finance from the University of Wisconsin-Whitewater.
Michael, CFA, serves as an analyst for Madison’s Fixed Income Team. Michael has been working in the financial services industry since 2012 and joined Madison in 2017. He earned his B.S. from the University of Illinois-Urbana-Champaign.
Chris, CFA, serves as a portfolio manager for Madison’s Fixed Income Team, specializing in government and corporate bond portfolios. Chris has been working in the financial services industry since 1990 and joined Madison in 1992. He earned his B.S. in economics and M.S. in finance and investments from the University of Wisconsin-Madison.
Allen, CFA, serves as a portfolio manager and analyst for Madison’s Fixed Income Team, specializing in corporate-only and credit research. Allen has been working in the financial services industry since 1998 and joined Madison in 2002. He earned his B.S. in economics from the University of Wisconsin-Green Bay and M.S. in management from the University of Wisconsin-Milwaukee.
Mike, CFA, serves as a portfolio manager and analyst for Madison’s Fixed Income Team, specializing in taxable and tax-free strategies. Mike has been working in the financial services industry since 1987 and joined Madison in 1997. He earned his B.S. in business administration from Valparaiso and his MBA from Indiana University.
Chris serves as a portfolio manager and credit analyst for Madison’s Fixed Income Team, specializing in high yield. Chris has been working in the financial services industry since 1997 and joined Madison in 2015. He earned his B.S. in mathematics from the University of Wisconsin-Madison and his MBA from Edgewood College.
Alan serves as a portfolio manager and credit analyst on Madison’s Fixed Income Team, specializing in corporate only and credit research. Alan has been working in the financial services industry since 1988 and joined Madison in 2011. He earned his B.S. in finance and economics from the University of Delaware and his MBA from the University of Wisconsin-Madison, specializing in the Applied Security Analysis Program. Alan is a member of Madison's Sustainable Committee.
Mike is the Director of the Institutional Business Group at Madison Investments. He started in the financial services industry in 1996 and joined Madison Investments in 2016. Prior to joining Madison Investments, Mike worked at Artisan Partners where he was a director within the intermediary distribution group. Mike has held a variety of positions at Strong Capital Management, Heartland Investments and Sentinel Funds including wholesaling, wholesale management and key account management. He received a BA in Finance from the University of Wisconsin-Milwaukee
Rich joins Madison with over 25 years of financial services experience. He was formerly with Fidelity as a Planning Consultant and at Thornburg Investment Management and Sentinel Investments working in Business Development. He was also an Investment Advisor with Morgan Stanley and has spent time in the bank channel working as a Financial Consultant. He currently lives in Santa Fe, New Mexico, and enjoys the high desert. Rich is FINRA Registered and holds a Life and Health Insurance license.
“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”). MAM and MIA are registered as investment advisers with the U.S. Securities and Exchange Commission. Madison Funds are distributed by MFD Distributor, LLC. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority. The home office for each firm listed above is 550 Science Drive, Madison, WI 53711. Madison’s toll-free number is 800-767-0300.
Any performance data shown represents past performance. Past performance is no guarantee of future results.
Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of, or guaranteed by, any financial institution. Investment returns and principal value will fluctuate.
This website is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.
Madison Investments Insurance Solutions was formerly known as Madison Scottsdale.
Any performance data shown represents past performance. Past performance is no guarantee of future results.
Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of, or guaranteed by, any financial institution. Investment returns and principal value will fluctuate.
This website is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.
Madison Investments Insurance Solutions was formerly known as Madison Scottsdale.