GAM Investments has said that its catastrophe bond and insurance-linked securities partnership with global reinsurance giant Swiss Re has introduced enhanced liquidity and improved dealing terms across strategies and assets managed, while also saying new ILS product launches are planned for 2026.
In 2025, the Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC) registered investment adviser subsidiary of the global reinsurer entered into a co-investment management agreement for the range of catastrophe bonds and insurance-linked securities (ILS) funds offered by global asset manager GAM.
In announcing its fully-year 2025 results yesterday, GAM highlighted the partnership with Swiss Re as its top strategic highlight of the year for its investment platform.
The company said, “Under the leadership of Albert Saporta, Group CEO, GAM is fully focused on growth, innovation and client-centric investment excellence. GAM’s investment platform has been significantly enhanced through new strategic partnerships and leadership.”
Highlighting the “landmark co-investment partnership with Swiss Re (SRILIAC) for Insurance-Linked Securities,” as its top achievement in 2025, saying this strengthened GAM’s position in catastrophe bonds and ILS, also noting the partnership “bringing together multi-billion US dollar combined ILS assets.”
The company said that Swiss Re’s co-management of GAM’s cat bonds and ILS strategies is now “fully activated.”
The cat bond and ILS partnership provides GAM with “access to Swiss Re’s underwriting expertise, risk management and global capabilities,” the investment firm said.
GAM further stated that, “Since launch, the partnership has introduced enhanced liquidity and improved dealing terms across the multi-billion US dollar combined ILS assets.”
Further explaining that, “Joint product and solution innovation is underway, with new ILS products planned for 2026.”
Antoine Spillmann, Chairman of the GAM Holding Board of Directors, further stated that the company will focus on generating sustainable net inflows in 2026, while continuing to build out the alternatives platform where ILS sits with new product launches, including, “new ILS strategies developed with Swiss Re.”
Also read our article from January: Swiss Re and GAM committed to expanding opportunities in ILS.
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