SCOR Investment Partners has announced the opening of a new subsidiary based in Switzerland to provide closer support to Swiss institutional investor clients and develop new opportunities in the country.
SCOR Investment Partners is the asset management company of the French reinsurance group of the same name.
The asset manager is active in the insurance-linked securities (ILS) space, with catastrophe bond funds and other strategies focused on collateralized reinsurance opportunities.
The Swiss market features numerous institutional investors that already have allocations to ILS funds, so SCOR Investment Partners move to open in the country should help it to gain greater visibility of its ILS strategies there.
The new subsidiary is located in Zurich and has been named SCOR Investment Partners Switzerland AG.
The asset manager cites this as part of its international development strategy, with the new location aiming to capitalise on SCOR Group’s existing presence in Switzerland.
With this new move, investment strategies managed by SCOR Investment Partners will now be offered from both Paris and Zurich.
Fabrice Rossary, CEO of SCOR Investment Partners, commented, “Our long-standing presence on the Swiss institutional market remains at the heart of our development strategy. Our ambition is to strengthen our proximity with our investors and accelerate our international development, which is strategic for SCOR Investment Partners.”
When we last reported on SCOR Investment Partners, back in April, the asset manager had grown its flagship Atropos catastrophe bond fund to more than $1 billion in assets under management, while the overall assets of its ILS fund strategies had reached around $3.5 billion.
View details of dedicated ILS fund managers and reinsurers offering ILS-style investment opportunities in our Insurance-Linked Securities Investment Managers & Funds Directory.