Zurich, January 11, 2022 – Swiss Re Insurance-Linked Investment Management Ltd (SRILIM) has successfully partnered with Sweden’s largest private pension fund, Alecta, to secure a $250 million investment in its fund platform 1863.
SRILIM, the investment manager of the 1863 fund platform and a wholly-owned subsidiary of Swiss Re Ltd, has secured a substantial $250 million investment from Swedish pension fund Alecta, which manages the assets of approximately 2.6 million customers. Thanks to the capital-efficient fund format, Alecta can participate in Swiss Re’s natural catastrophe activities and benefit from significant diversification potential as well as Swiss Re’s risk knowledge and underwriting expertise.
Martin Bisping, CEO of SRILIM, said: “We are delighted to have Alecta as a strategic partner. This marks an important step, particularly in terms of asset raising, in the still young history of our 1863 fund platform, which has achieved solid investment performance since its launch a year ago. I am confident that we will accelerate this positive momentum as we continue to expand our partnerships with alternative capital investors, such as Alecta.
Tony Persson, Head of Fixed Income and Strategy at Alecta, said: “Our primary objective is to generate attractive long-term returns for our clients. We manage our assets efficiently and sustainably, working with a few select partners where we see relevant investment opportunities. We are convinced that insurance stocks can generate high quality, uncorrelated returns and we are pleased to partner with Swiss Re to benefit from their extensive expertise in this area. We look forward to a lasting collaboration.
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Swiss Re Insurance-Linked Investment Management SA
Swiss Re Insurance-Linked Investment Management SA (SRILIM) is a collective asset manager within the meaning of the Federal Law on Financial Institutions and regulated by the Swiss Financial Market Supervisory Authority FINMA. Currently, SRILIM acts as an asset manager for the 1863 fund platform with the investment objective of providing investors with access to Swiss Re’s global portfolio of nat cat reinsurance risks. Founded in 2020, SRILIM has an experienced team of market leading experts skilled in reinsurance, nat cat risk and asset management operations.
The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risks – from natural disasters to climate change, from aging populations to cybercrime. The aim of the Swiss Re Group is to enable society to prosper and progress, by creating new opportunities and solutions for its customers. Based in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of approximately 80 offices worldwide.
Alecta manages occupational pension schemes for 2.6 million people and 35,000 companies across Sweden. Alecta was founded in 1917 and is owned by its customers. The most important task of the company is to ensure that the occupational pensions of its customers grow, while ensuring that more people can benefit from the security that an occupational pension offers. As of September 30, 2021, Alecta had SEK 1,153 billion in assets under management. https://www.alecta.se/
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