Schroders targets ILS via Lohmann’s Secquaero

Schroders, the global asset management firm, has added insurance linked securities (ILS) to its product offering for institutional clients following its acquisition of 30 per cent of the share capital of Secquaero Advisors Limited (Secquaero), an ILS investment management business in Switzerland.

As at 31 March 2013, Secquaero advised assets under management of approximately $280 million. It now boasts Dirk Lohmann, the former boss of Converium, as its chief executive.

“Insurance Linked Securities is an exciting and growing investment category offering attractive risk-adjusted returns, while at the same time genuinely diversifying the portfolio,” said Stephen Mills, head of Switzerland at Schroders. “We are delighted to be able to offer this new asset class to our institutional clients.”

Lohmann, CEO of Secquaero, said: “We are excited about this long-term partnership with

Schroders which we believe will benefit both existing and future clients. We are confident that the complementary skills of the two organisations will result in our becoming one of the leading managers in the Insurance Linked Securities sector.”

Philippe Lespinard, chief investment officer, fixed income, said: “Secquaero has an experienced team of insurance specialists and a competitive track record and we look forward to welcoming them to Schroders’ Fixed Income team. Secquaero and Schroders share a common goal to build our presence in this asset class.”