Schroders acquires full ownership of ILS specialist Secquaero; boosts private assets business

Schroders has reinforced its private assets business by taking full control of Zurich-based insurance linked securities (ILS) investor Secquaero Advisors.

Schroders increased its stake in Secquaero to 100 percent, up from the 50.1 percent it had held since February 2016, in a move aimed at becoming a leading provider of institutional investment solutions for ILS.

Schroders acquired 30 percent of the business in 2013, and from June of that year, Secquaero has acted as Schroders exclusive advisor on ILS investment strategies.

Following the deal, Secquaero will be fully integrated into the Schroders private assets business, which is based in Zurich and managed by Dirk Lohmann. The combined team managing ILS related strategies will operate within Schroder Investment Management (Switzerland), trading under the name Schroder Secquaero.

Schroders provides a range of funds and bespoke mandates, from pure cat bond strategies to broader solutions including private transactions and dedicated life only funds.

Mark Walder, CEO Schroder Investment Management (Switzerland) AG said: “The combination of Secquaero’s specialist knowledge in the re-insurance and securitization of insurance risks matched with the global reach of the Schroders’ asset management distribution platform led to the success of the partnership by providing a highly attractive offering to sophisticated investors seeking to invest in ILS strategies.”

Lohmann, head of Schroder Secquaero, added: “ILS will continue to be a key contributor to Schroders Private Assets strategy. In a time where diversification and positive absolute returns are key, the investment case for ILS remains strong. Secquaero’s DNA along with its market footprint and long-standing expertise will be embedded within Schroders Private Assets.”

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