Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

SCOR Global Investments grows ILS assets to $460m


The asset management arm of French reinsurance firm SCOR, SCOR Global Investments, has announced that it has grown its insurance-linked assets to $460m and achieved a net average annual return to investors of 7.2% since inception three years ago.

SCOR Global Investments marks the third anniversary of its Atropos ILS strategy this month. Atropos was the firm’s first ILS fund offering, allowing SCOR to extend its expertise and natural value proposition to institutional investors looking to access the returns of insurance risk.

The Atropos fund invests in products linked to extreme insurance risks such as catastrophe bonds, industry loss warranties (ILWs), collateralised reinsurance and retrocession contracts, targeting an annual net return to investors of 6-8%. As a result the three-year track record looks solid and SCOR said that it “has consistently posted positive monthly performance since inception, thus validating the quality and the robustness of SGI’s fund management process.”

SCOR itself is also invested in the Atropos fund, keeping an interest alongside its investor clients such as insurance companies, asset managers, pension funds, private banks, and family offices.

SCOR Global Investments, under the direction of Head of ILS Vincent Prabis, now has four investment funds under management, which between them have grown their total ILS assets to an impressive $460m.

François de Varenne, Chief Executive Officer of SCOR Global Investments, commented; “We are delighted with the outstanding performance of the Atropos fund. The idea behind our ILS funds is to give third-party investors access to this asset class underpinned by a conservative European reinsurance company perspective.”

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