Swiss Re to co-manage GAM’s catastrophe bond and ILS funds

GlobalData

Mon, Apr 7, 2025, 6:55 AM 2 min read

Swiss Re, done its subsidiary Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), is acceptable to go the co-investment manager of the GAM Investments insurance-linked information (ILS) money range.

This includes the GAM Star Cat Bond UCITS Fund, with the assignment effectual from 7 May 2025.

Swiss Re presently manages astir $5bn successful ILS assets including funds, sidecars and structures.

From the aforesaid date, Swiss Re volition instrumentality connected the co-management of GAM's ILS funds, which held astir $3bn successful assets nether absorption (AUM) arsenic of 31 March 2025.

In this caller capacity, Swiss Re volition oversee concern and portfolio absorption decisions, portion GAM volition support its hazard absorption oversight and proceed to pb successful planetary organisation and merchandise structuring.

The concern volition besides spot Swiss Re and GAM moving unneurotic connected ILS innovation, the merchandise stated.

Investors successful GAM's feline enslaved and ILS funds tin entree Swiss Re's hazard cognition and underwriting expertise, including the insights of much than 50 scientists successful catastrophe risk, much than 190 proprietary peril models and astir 200TB of portfolio data.

Rom Aviv has been named arsenic the caput of ILS astatine GAM, portion Mariagiovanna Guatteri volition pb the SRILIAC unit.

Christopher Minter, caput of Swiss Re Alternative Capital Partners, said: "We are delighted to spouse with GAM to co-manage their feline enslaved and ILS concern strategies. We look guardant to moving with GAM to bring Swiss Re's unparalleled hazard cognition and feline enslaved manufacture acquisition to investors."

Last month, Swiss Re divested its full 10.05% involvement successful Definity Financial. It included the merchantability of 11,647,217 communal shares astatine C$56.20 each, resulting successful full proceeds of astir C$655m ($459.27m).