French reinsurance firm SCOR’s asset management company, SCOR Investment Partners, has announced that its flagship catastrophe bond fund has now surpassed $1 billion in assets under management, while the overall assets of its insurance-linked securities (ILS) fund strategies have reached around $3.5 billion.
The SCOR ILS Fund – Atropos Catbond Fund is the second ILS strategy of SCOR Investment Partners to reach the billion dollar mark, as its broader strategy the Atropos Fund hit that level in 2020.
In fact, the SCOR Atropos ILS Fund reached over $2 billion of ILS assets under management earlier this year.
Together, SCOR IP has confirmed that thanks to the continued growth in AuM at the Atropos ILS and cat bond fund strategies, total ILS AuM across the group now sits at around $3.5 billion.
SCOR IP believes that ILS as an asset class, in particular catastrophe bonds, presents “attractive investment opportunities with historically high expected yields resulting from buoyant ILS market conditions,” the company said this morning.
The SCOR IP ILS platform is led by Sidney Rostan, and manages the two flagship Atropos ILS funds, each of which have seen significant growth over the last year.
Fabrice Rossary, CEO of SCOR Investment Partners, commented, ” The asset class diversification feature, coupled with attractive pricing levels, have contributed to its expansion within investors.
“Our positioning based on transparency and resilient performance has naturally allowed us to benefit from this increase.
“Opportunities in this market remain numerous and we are proud to support its development.”
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