SCOR ILS hits $3bn AuM driven by Atropos cat bond fund
SCOR Investment Partners, the asset management company of global reinsurer SCOR group, has surpassed $3 billion of insurance-linked securities (ILS) assets under management as of December 31, 2021.
SCOR attributed the growth largely to “strong inflows” into its two flagship funds: Atropos and Atropos cat bond, launched in 2011 and 2013, respectively. Atropos' assets under management grew by 27% in 2021, reaching $1.4 billion, while the Atropos cat bond fund grew by 92% in the same year, reaching $831 million at year-end.
SCOR Investment Partners’ ILS platform, which is under the leadership of Sidney Rostan and is operational in Paris and London, manages and advises funds domiciled in Luxembourg and in Jersey and offers a range of risk-return and liquidity profiles. It also designs tailored solutions for its institutional investor clients to address their specific needs.
Fabrice Rossary (pictured), chief executive officer of SCOR Investment Partners, said: “The last few challenging years in the ILS market have enabled investors to differentiate the investment strategies offered on the market. Our management approach, which is based on the firm principles of transparency and resilience, has clearly proved its relevance, driving SCOR Investment Partners to be ranked among the top 15 ILS managers in the market.”
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