Katie Cowan Joins First Eagle as Head of Insurance Client Solutions

New position intends to leverage the firm’s broad investment capabilities to deliver tailored solutions for insurers

NEW YORK--(BUSINESS WIRE)--First Eagle Investments (“First Eagle”) today announced the hiring of Katie Cowan as Head of Insurance Client Solutions. In this newly created role, Cowan leads First Eagle’s efforts in the insurance channel, partnering closely with the firm’s investment teams and other areas of the organization to deliver strategic solutions customized to the unique needs of these investors. She joined First Eagle on November 3, 2023, and reports to President and Chief Executive Officer Mehdi Mahmud.

“First Eagle’s investment capabilities are especially relevant for the evolving needs of insurance companies, particularly within alternative credit,” said Mahmud. “We have a terrific history of serving sophisticated insurance clients with cutting-edge solutions, and I’m thrilled to have an experienced professional of Katie’s caliber leading our efforts in this space.”

Cowan joined First Eagle from Guggenheim Investments, where she spent over 10 years managing the firm’s third-party insurance client relationships. Previously, Cowan worked in the global markets division of Bank of America Merrill Lynch and in leveraged finance at The Royal Bank of Scotland. She earned a BS in business administration from Georgetown University.

“Given its wide range of differentiated investment solutions and a commitment to the prudent stewardship of client assets, First Eagle represents an attractive value proposition for insurers,” said Cowan. “I am thrilled to join First Eagle and help sharpen the firm’s focus on opportunities in the insurance channel.”

About First Eagle Investments

First Eagle Investments is an independent, privately owned investment management firm headquartered in New York with approximately $128 billion in assets under management as of September 30, 2023.^* Dedicated to providing prudent stewardship of client assets, the firm focuses on active, fundamental and benchmark-agnostic investing, with a strong emphasis on downside mitigation. With a heritage dating back to 1864, First Eagle strives to help clients avoid permanent impairment of capital and earn attractive returns through widely varied economic cycles. The firm’s investment capabilities include equity, fixed income, alternative credit and multi-asset strategies. For more information, please visit www.firsteagle.com.

* The total AUM represents the combined AUM of (i) First Eagle Investment Management, LLC, (ii) its subsidiary investment advisers, First Eagle Separate Account Management, LLC, First Eagle Alternative Credit (“FEAC”) and Napier Park Global Capital (“Napier Park”), and (iii) Regatta Loan Management LLC, an advisory affiliate of Napier Park. The total AUM includes $0.9 billion of committed and other non-fee-paying capital from FEAC, and $1.0 billion of committed and other non-fee-paying capital from Napier Park.

First Eagle Investments is the brand name for First Eagle Investment Management, LLC and its subsidiary investment advisers.

First Eagle Alternative Credit and Napier Park are brand names for the two subsidiary investment advisers engaged in the alternative credit business.

© 2023 First Eagle Investment Management, LLC. All rights reserved.