Ares Management names Anup Agarwal partner and Chief Investment Officer of Ares Insurance Solutions

Ares Management Corporation, an alternative investment manager, has named Anup Agarwal as Partner and Chief Investment Officer of Ares Insurance Solutions, where he will also serve as Head of the business.

Agarwal will collaborate with David Reilly, who was recently named Chairman of AIS, and with Rajesh Krishnan, the former AIS Chief Investment Officer, who will now concentrate on building out third-party insurance asset management and origination initiatives.

With more than 25 years of experience in investment management, Agarwal will oversee Ares’ investment activities for Aspida Holdings Ltd., a life insurance and annuity company holding over $23 billion in assets as of June 30, 2025.

AIS serves as Aspida’s dedicated partner in investment management, capital solutions, and corporate development. He will also play a key role in expanding AIS’s offerings for external insurance clients.

Agarwal joins Ares from Global Atlantic Financial Group, where he most recently served as Senior Investment Advisor. Previously, he spent nearly six years as Chief Investment Officer, managing a $200 billion insurance platform and strengthening the firm’s investment strategies in origination, structuring, execution, and portfolio oversight across asset classes. Before Global Atlantic, he was Head of Structured Credit and Loan Strategy at Western Asset Management.

“We continue to see an expanding opportunity to provide insurers with tailored solutions as they navigate complex and evolving challenges in today’s market,” added Kipp deVeer, Co-President of Ares.

“We believe Anup is a significant addition to AIS and the broader Ares organisation as we look to be a partner in seeking attractive yield and asset diversification to our more than 250 insurance clients.”

“We are very excited to welcome an executive of Anup’s caliber to lead the AIS team,” commented Reilly. “Ares has been a valued partner and investment manager to insurers for decades, leveraging our direct origination and investment selection capabilities. I look forward to working with Anup to drive the next phase of growth at AIS and to support the needs of Aspida and our third-party insurance clients.”

“I’m honoured to join the AIS team at a time of exciting change and innovation in the insurance industry,” said Agarwal. “I am eager to collaborate with my new Ares colleagues to support our clients and capitalize on the opportunities ahead.”