Credit-Focused Bayview Launches Insurance Asset Management Unit
The $17 billion credit-focused Bayview Asset Management has announced the launch of an insurance asset management business focused on providing insurance companies with portfolio management, risk management and capital markets solutions.
The new division will be led by CIO Nancy Mueller Handal, who previously served as the head of private fixed income and alternatives at MetLife.
“Over 30 years, Bayview has developed a platform that includes deep and broad mortgage industry relationships, advanced analytical capabilities, comprehensive loan accounting expertise and an unparalleled risk management framework,” said Mueller Handal.
Alex Latella will also be joining the Insurance Asset Management division as SVP of Business Development. Formerly a member of the Insurance Solutions team at Blackrock, Latella brings nearly 20 years of industry experience to the role, including time spent with Goldman Sachs as VP, Portfolio Manager.
Founded in 2002, Bayview is a residential loan servicer with $620 billion of owned Mortgage Servicing Rights (MSRs), having purchased more than $163 billion of residential loans from over 1,000 counterparties and originated over $123 billion of residential loans since inception.
The firm is also a provider of credit protection to US banks and GSEs on residential mortgages, having executed transactions representing over $400 billion of credit risk transfer.
