11 August 2015 Insurance

Lombard Odier hires ILS team

Lombard Odier Investment Managers (LOIM), the institutional asset management arm of Lombard Odier Group, has appointed an insurance-linked strategies (ILS) team.

Gregor Gawron has been appointed to lead the new team. Gawron previously led the ILS offering at Dynapartners.

He is joined by team members Simon Vuille and Marc Brogli.

Based in LOIM’s office in Zurich, the ILS team will report to Jan Straatman, LOIM’s chief investment officer.

Straatman said: “Cat bonds are uncorrelated to other risks, including economic and capital market events, while the 4 percent-6 percent returns on offer remain attractive. The overall ILS universe size is close to $60bn2 and growing steadily.”

“Investors face multiple challenges that are tough to reconcile: low growth, zero interest rates and valuations getting stretched. Institutions can find themselves lured into taking more risk without getting the returns expected. We need to help clients increase returns while safeguarding capital and that means better building blocks for portfolios. Cat bonds possess those qualities.”

Gawron added: “We are excited to bring our ILS offering to LOIM, whose values we share and where we can leverage the firm’s sophisticated infrastructure to benefit investors.”

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