Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

SCOR Investment Partners added €1bn in 2017, grew ILS strategies


SCOR Investment Partners, the asset management division of the global reinsurance company, raised around €1 billion of assets from third-party institutional investors during 2017, some of which flowed into the insurance and reinsurance linked strategies (ILS) operated by the firm.

Overall, SCOR Investment Partners lifted its assets under management to €14 billion by the end of 2017 (across multiple asset classes including ILS), with €4.9 billion of this in fund strategies specifically marketed to institutional investors.

69% of this institutional fund money managed by SCOR Investment Partners is from third-party investors, with the remainder from SCOR itself.

SCOR said that this growth reflects the success of its investment strategies among European and international institutional investors, particularly in diversification focused investment strategies, which includes its insurance-linked securities (ILS) funds and private debt.

SCOR Investment Partners said that the funds raised during in 2017 are largely geared towards these two asset classes.

The SCOR Investment Partners insurance-linked securities (ILS) team benefited from increased interest in its ILS strategies during 2017 as well, with ILS assets under management at the unit growing from roughly $661 million at the beginning end of 2016, but then coming out the other side of the January 2018 reinsurance renewals with more than double that, at $1.369 billion.

Growth continued for the SCOR Investment Partners team at the start of this year as well, taking its ILS assets under management across three ILS funds and one mandate to $1.445 billion by the end of February 2018.

François de Varenne, Chief Executive Officer of SCOR Investment Partners, commented on the asset growth, “Our growing commercial success underscores our position as a diversification strategy provider. Furthermore, it illustrates our capacity to adapt to changing market conditions and client demands, such as responsible investments, the financing of the economy and the energy transition. We are constantly striving to enrich our product and service offering and we are confident that 2018 will be a strong year.”

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