Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

SCOR Investment Partners gets ILS allocation from City of Zurich pension


SCOR Investment Partners, the asset management company of the global reinsurance group SCOR, won a new investment mandate from the roughly $20 billion City of Zurich Pension Fund in recent weeks.

zurich-cityThe City of Zurich Pension Fund is one of the largest in Switzerland and operates pensions and other insurance benefits for all employees working for the City of Zurich, as well as for more than 160 associated companies.

The City of Zurich Pension Fund has been allocated to insurance and reinsurance linked investment strategies since 2017.

It began with allocations to life settlements and life insurance linked investments at first through asset manager Broadriver and later through MiraVast.

The pension then added its first allocation to P&C insurance-linked securities (ILS), with an investment in funds managed by reinsurance specialist investment manager Elementum Advisors in 2019.

According to the latest information from the City of Zurich Pension Fund, the pension added another ILS fund allocation at the beginning of 2021.

That was to SCOR Investment Partners, the asset manager of the SCOR reinsurance group which currently counts almost $1.8 billion of assets under management, as of December 2020.

For the City of Zurich Pension Fund, insurance-linked securities (ILS), across its life related and P&C fund allocations, account for roughly 2% of its total fund assets.

With more than more than 18 billion Swiss francs under management, around US $20 billion, that 2% would account for around US $400 million allocated to ILS and reinsurance at this time.

View details of major pension fund and sovereign wealth investors in ILS and reinsurance in our directory.

Register today for ILS NYC 2023, our next insurance-linked securities (ILS) market conference. Held in New York City, February 10th, 2023.

Artemis ILS NYC 2023 - Insurance-linked securities conference in New York City

Get a ticket soon to ensure you can attend. Secure your place at the event here!

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.