Swiss Re launches investment advisory company

Swiss Reinsurance Co. Ltd. on Thursday said it has launched an investment advisory company and wholly owned subsidiary, Swiss Re Insurance-Linked Investment Advisors Corp., to focus on insurance-linked securities including catastrophe bonds.

Registered with the U.S. Securities and Exchange Commission as an investment adviser, the new unit will offer investment management services to qualified institutional investors, with a focus on catastrophe bonds, a statement said.

Swiss Re Insurance-Linked Investment Advisors Corp.’s investment strategy is also meant to complement other investments focused on natural catastrophe reinsurance contracts managed by Swiss Re Insurance-Linked Investment Management Ltd.

Mariagiovanna Guatteri, CEO of SRILIAC, said in the statement that Swiss Re is now opening up its proprietary ILS trading to institutional investors.

Swiss Re Insurance-Linked Investment Advisors Corp. is an investment adviser registered with the SEC. SRILIAC is wholly owned by Swiss Re America Holding Corp. and is part of the Swiss Re Group, the statement said.