Managing Insurance Assets with Cameron Black

In this episode of Valley Investors, host Nathan Erickson introduces Cameron Black, the VP, CIO, and Treasurer at Blue Cross Blue Shield of Arizona. With a diverse background from television production to finance, Cameron discusses managing substantial assets, the strategic importance of advanced degrees and certifications, and the unique challenges of overseeing investments for an insurance company.

Beyond finance, Cameron emphasizes the importance of community involvement and the personal satisfaction derived from contributing to the betterment of society. He shares insights into how investment strategies are influenced by broader economic trends like medical costs and inflation and the necessity of staying informed about emerging technologies.

Key Points From This Episode:

[00:01:09] An overview of Cameron’s professional background

[00:03:02] His time working in reality TV and how it equipped him with unique people skills

[00:03:48] How involvement in a legal case sparked Cameron's interest in the financial aspects of pension plans

[00:05:26] The decision to move to Arizona for education

[00:06:25] Journey to Blue Cross Blue Shield of Arizona

[00:07:36] The Importance of the CFA Designation

[00:10:23] Combining CFA with CFP and CAIA Designations

[00:13:06] How Blue Cross Blue Shield of Arizona became an early adopter of private markets

[00:15:08] Managing a multi-billion-dollar portfolio

[00:19:45] How regulatory frameworks influence investment decisions in insurance companies

[00:21:31] Challenges in the current interest rate environment

[00:26:27] Impact of healthcare costs on investments

[00:30:11] Seeking investments with tailwinds

[00:34:08] Future challenges and opportunities

[00:37:18] Cameron's commitment to giving back through his involvement in various boards and investment committees

[00:38:36] What drew Cameron to Arizona, and what keeps him and his family rooted in the state

Links:

Blue Cross Blue Shield Arizona
Cameron Black on LinkedIn
Nathan Erickson on LinkedIn