How Do Public Entity Insurers Invest?
Alton Cogert, CFA, CPA, CAIA, FDP, CGMA
President & CEO, Strategic Asset Alliance
In this episode, we speak with Alton Cogert about how public entity insurers invest. Alton explains how investment strategies vary depending on regulatory flexibility, distinguishing between those limited to treasuries and agencies and those with broader access to corporate bonds, municipals and equities. He discusses how investment approaches are shaped by the types of risks being insured, such as property or workers’ compensation, and the importance of aligning asset allocation with liability duration. The conversation also explores how current market conditions are affecting portfolios and emphasizes the value of diversification, strategic asset allocation and independent oversight in improving investment outcomes for public risk insurers and their members.
*The views and opinions expressed in the Public Risk Management Association (PRIMA) blogs/podcasts are those of each respective author/speaker. The views and opinions do not necessarily reflect the official policy or position of PRIMA.*
Alton Cogert, CFA, CPA, CAIA, FDP, CGMA
President & CEO, Strategic Asset Alliance
Summary of Qualifications
Mr. Cogert formed Strategic Asset Alliance in 1994, which is an investment consulting firm that only works with commercial insurance companies and public entity insurers, such as risk pools, JPAs, self-insurers, captives, etc.
Currently, Mr. Cogert is an Independent Member of American Fidelity Assurance Company's Investment Committee of the Board. Previously, he has served as a technical advisor to the NAIC Invested Assets Working Group. He is a former member of the Board of Directors and former chairman of the Investment Committee of the National Alliance of Life Companies.
Responsibilities
In addition to acting as an investment advisor to public entity insurers, commercial insurers, risk pools, captives, etc., Mr. Cogert leads the firm as its President & CEO.
Business Experience
Prior to SAA, Mr. Cogert accumulated more than 20 years of financial institution experience, including over 10 years experience in senior financial management.
Professional Affiliations
He is a Chartered Financial Analyst, a Certified Public Accountant, Chartered Alternative Investment Analyst and a Financial Data Professional Charterholder.
Education
Mr. Cogert holds a BS from the Wharton School of the University of Pennsylvania and an MBA from the University of Southern California.
