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Global asset management group Schroders saw strong growth across its insurance-linked securities (ILS) investment business in the last year, with assets under management reaching $2.482 billion and high demand causing it to shutter its GAIA cat bond fund.
Schroders has been particularly active in the insurance and reinsurance linked investments market over recent years, with its UCITS GAIA platform helping it to bulk up assets from catastrophe bond investors, while its other strategies which also include collateralised reinsurance and private ILS have also grown.
At the end of 2015 Schroders ILS and reinsurance linked assets under management had reached $1.9 billion, but the investment manager told Artemis that this has grown by 31% ending January 2017 at an impressive $2.482 billion.