Venture capital within insurance companies is not new. I have worked at two carriers where there were dedicated venture capital operations. If such an operation can be conservatively “walled off” from the rest of the company, and the right people are in charge, it can be a good thing. What they make is gravy. The MD proposal is progressive.
Like Hartford walled off its CDO investments? I think the walling off is the tricky part, especially when the investment managers are beguiled and bedazzled.
I don’t suppose it occurred to the Guv to check with his insurance department to find out why insurance companies might not be able to invest as VC’s.
Venture capital within insurance companies is not new. I have worked at two carriers where there were dedicated venture capital operations. If such an operation can be conservatively “walled off” from the rest of the company, and the right people are in charge, it can be a good thing. What they make is gravy. The MD proposal is progressive.
Like Hartford walled off its CDO investments? I think the walling off is the tricky part, especially when the investment managers are beguiled and bedazzled.