This is an interesting move from Swiss Re as it looks to offer bespoke advice to those institutions willing to look at buying Cat bonds.
Swiss Re announces the launch of its new investment advisory company and wholly owned subsidiary Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), a SEC registered investment adviser. The company offers investment management services to qualified institutional investors, with a particular focus on catastrophe bonds.
SRILIAC’s investment strategy focuses on insurance-linked securities, primarily catastrophe bonds, thus allowing investors the opportunity to access Swiss Re’s capabilities in catastrophe bond investments, natural catastrophe modelling and underwriting.
SRILIAC’s investment strategy complements Swiss Re’s other investment strategy focused on natural catastrophe reinsurance contracts managed by Swiss Re Insurance-Linked Investment Management Ltd. (SRILIM). Through these investment managers, investors can now access either Swiss Re’s core natural catastrophe book or the broader catastrophe bond market alongside Swiss Re.
MariaGiovanna Guatteri, CEO of SRILIAC, said: “Swiss Re has been trading and investing in ILS for over two decades. Now we are opening our capabilities to institutional investors, allowing them to benefit from our track record and established risk analytics, portfolio management and operational expertise. We believe that our focus on catastrophe bonds will closely align with investors who value liquidity and transparency.”
Philipp Rüede, Head Alternative Capital Partners at Swiss Re, said: “This move comes as the natural next step in the Group’s strategy to have Swiss Re’s Alternative Capital Partners expand the options for attractive investment partnerships with institutional investors. SRILIAC’s investment strategy allows investors to benefit from Swiss Re’s experienced team and a cat bond portfolio constructed through disciplined risk selection.”