AAM Announces New Equity Ownership
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Chicago, IL, August 2, 2010 – Asset Allocation & Management Company, LLC (AAM), an asset management firm that specializes in providing investment management services to the insurance industry, is pleased to announce that the following individuals have been admitted as Members and have purchased Units in AAM:
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Kevin Adams
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Gregory Bell
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Joseph Borgmann
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Daniel Byrnes
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Aaron Diefenthaler
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Christopher Priebe
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Timothy Senechalle
In addition, the Board of Directors of AAM has authorized the issuance of equity to the following individuals:
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Michael Ashley
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Robert Bennett
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Joel Cramer
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George Gracanin
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Michael Kelch
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Jeffrey Martinkus
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Hugh McCaffrey
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Patrick McGeever
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Darlene Richards
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Mark Steiger
John L. Schaefer, President of AAM, said, “This is a very important step forward for our organization. By expanding our ownership ranks, we are able to reward key contributors and align their interests with those of our clients.”
James D. Carey, a Principal of Stone Point Capital LLC and the Chairman of the AAM Board of Directors added, “We believe that expanded ownership of AAM is important to provide the proper incentives for the individuals who contribute to the success of the organization. We expect that there will be future equity grants to those employees who contribute to the success of AAM.”
AAM (www.aamcompany.com) is based in Chicago, IL and specializes in the management of insurance company portfolios. AAM offers a comprehensive investment management service that incorporates an array of value added services, including Schedule D Investment Accounting, Dynamic Tax Analysis, and Dynamic Asset/Liability Modeling. AAM has 95 insurance clients and has $14.42 billion in assets under management as of June 30, 2010.
Stone Point Capital LLC (www.stonepointcapital.com) is a global private equity firm based in Greenwich, Connecticut. Stone Point has a 20 year track record of successful investments in the insurance and reinsurance industries, including founding investments in AXIS Capital, Harbor Point Limited, PARIS RE Holdings Limited, James River Group Inc., CompWest and Wilton Re Holdings Limited.
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