Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

ERS ILS to get climate risk insights from AbsoluteClimo & AKR Zell


ERS ILS Ltd., the dedicated insurance-linked securities (ILS) management division of specialty insurance and reinsurance player ERS, is set to benefit from climate-finance prediction modeling and risk transfer analytics services provided by AbsoluteClimo and AKR Zell.

climate-change-tipping-point-ilsERS Administration Services Ltd., which is a unit of ERS domiciled in Bermuda, has signed-up to leverage climate and actuarial risk expertise and consultancy from the two companies, which will benefit its re/insurer aligned investment strategy managed by ERS ILS Ltd.

ERS ILS launched earlier this year, with former Securis executive Neil Strong taking the lead role as CEO ILS, Fergus Reynolds, also formerly of Securis, joining as CUO ILS, and Twelve Capital founding partner Sandro Kriesch providing additional support to the initiative.

AbsoluteClimo and AKR Zell announced a strategic partnership earlier this year as well, with the goal of delivering climate-driven risk services to the insurance, reinsurance and insurance-linked securities (ILS) sectors.

With a focus on managing climate-risk and providing ESG aligned investment opportunities, ERS ILS will now benefit from new views of risk, designed to fill climate-related gaps left by some of the established industry modelling tools.

ERS ILS Ltd. will benefit from insights provided by AbsoluteClimo’s global climate physics and financial forecast models, combined with AKR Zell’s actuarial expertise and risk transfer experience.

“With investors increasingly restless about the price of climate, AbsoluteClimo is pleased to support ERS’s new strategy with Clim๏Cats and our world-first business model pegged to forecast accuracy,” explained Brendan Lane Larson, AbsoluteClimo Co-Founder CEO and Climatologist.

“It is refreshing to see ERS ILS Ltd. determined to take a different approach. There is a disconnect between stochastic modeling and forward predicting. We are delighted our bespoke services have been selected by ERS ILS Ltd. to provide the missing piece and close the gap,” added Andreas Karl Robert Zell, Managing Director at AKR Zell Pte. Ltd.

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