Swiss Re has announced the formation of a single platform for its insurance-linked securities (ILS) investment management offering, combining two teams to provide investors with access to its entire suite of products through a single manager.
As mentioned, SRILIAC will, in time, assume Swiss Re Insurance-Linked Investment Management AG’s (SRILIM) investment management activities.
Swiss Re explained that through the shift to a single platform, SRILIAC will offer investors access to its core natural catastrophe reinsurance portfolio.
The reinsurer noted that this will improve access to its investment products, data and portfolio analytics expertise, and wider underwriting experience of the catastrophe bond team.
“The single team will be able to work more effectively on product innovation and create hybrid products which incorporate elements from different ILS structures,” Swiss Re added.
The combined business will reportedly be led by Mariagiovanna Guatteri, currently Chief Executive Officer and Chief Investment Officer of Swiss Re Insurance-Linked Investment Advisors Corporation.
Guatteri, who joined Swiss Re in 2003, has more than 20 years of experience in cat bond portfolio management and natural catastrophe modelling, including oversight of the company’s proprietary ILS investments and the management of third-party capital across its ILS strategies.
Guatteri commented, “Swiss Re is now one of the world’s largest ILS investment managers. Bringing together the different elements of our ILS asset management offering into a single platform will provide a significant advantage to institutional investors, who will be able to access all of Swiss Re’s ILS expertise and the full product range in one place. We will also focus the combined team’s efforts on product innovation.”
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