Schroder Secquaero

The fund will promote environmental and social characteristics under Article 8 of the SFDR.

A market-wide loss of $700mn would amount to around 15% of the total amount of life ILS assets under management .

The US pension fund heard pitches from four ILS manager finalists at its board meeting in May in a selection process following a request for proposals issued last October.

The cat bond market has benefited from hardening rates and more remote structures.

The life segment has shifted from its genesis in mortality and morbidity risk transfer as lapsed risk deals have proliferated.

The ILS manager’s analysis highlighted that Lloyd’s nat cat exposure had lowered over the six years to 2021.

The outcomes were better than the Swiss Re global cat bond index decline after the major hurricane.

Some might see the ILS sector as more institutionalised compared to personality-driven hedge funds, but there is little doubt that the original generation of ILS leaders will be hard to replace.

Cat bonds have built-in protections against the threat of inflation, Schroders ILS chairman Dirk Lohmann has argued.

The Zurich-based ILS manager expects to be underwriting some specialty business from 2022.

It will also encompass impact investment manager BlueOrchard, although the microfinancier will keep its independent identity.

She will leave Schroders at the end of the month after spending more than seven years at the company.

The Schroder Secquaero CEO said the firm will consider setting up a rated balance sheet for clients, but it is wary of conflicts of interest.

The former group CEO of Tokio Millennium Re will take on the role of deputy head of Schroders Secquaero in November.

BlueOrchard manages the InsuResilience Investment Fund which provides access to insurance in the developing world.

The institutional asset manager ownership model could help the ILS asset class shed its niche feel, Secquaero founder Dirk Lohmann suggested to Trading Risk.

Returns from ILS funds tracked by Trading Risk fell to an average Q1 return of 0.63 percent to 0.65 percent in cat bond and multi-instrument funds.

Florida insurers should have more of a stake in managing the claims process, the Secquaero CEO said.

Raffaele Dell’Amore’s principal focus will be on private ILS strategies.

The restructure also includes CEO Dirk Lohmann becoming Schroder’s head of ILS.

ILS funds with life strategies reported substantially higher transaction volumes in 2018, helping to drive growth in assets under management (AuM).

UK bank Lloyds has set up a JV with the investment manager, which owns a share in $3bn ILS manager Secquaero.

Sponsor behaviour is changing in the continuing soft market, says Jutta Kath, COO at Secquaero, during the Zurich event.

The Secquaero Advisors CEO pays tribute to former colleagues as he accepted his award.