Vlad Barbalat
speaker
638 appearances
1 recordings
1 series
first heard Jun 2026
last heard 23 Jun
Vlad Barbalat’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
New technologies, because that's obviously a constant in our world.
It is a balance sheet that is able to adapt to the evolution of the economy.
Risks are evolving all the time.
The risks that insurance companies took on 25 years ago are very different than they are today.
And for sure, they will be different tomorrow.
Give me an example.
Data centers.
This is a totally different scale of asset and values than of an asset that have existed before.
Insurance balance sheets aren't large enough to just absorb that.
That's why you have an extension into all forms of third-party capital committed.
But that's an example of where if you build a fortress balance sheet,
you're able to do things that others will not.
How do you build that fortuitous balance sheet?
Through two main engines of profitability.
One is the underwriting part, but that's a thin margin business.
And then through the asset side, where if you simply take the approach of, let me buy a 4% investment grade bond or 5% investment grade bond versus trying to achieve a 7, 8, 9, 10% return on the totality of your portfolio, it's all the difference in the world.
It is a competitive business where
the amount of capital you have will dictate the opportunity set that is available to you both on the liability side and the asset side.
I would actually reverse that.
I think as a public insurer, you're not likely to be able to pursue what we're doing.
Showing 141–160 of 638 · page 8 of 32
← Previous
Next →