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The insurance-linked securities (ILS) business of global asset management group Schroders has been reorganised into a new structure, with Dirk Lohmann taking the Head of ILS role, and the investment firm has also announced a new hire in Beat Holliger.
Schroders aims to increase its focus on its different ILS products and strategies under the new organisational structure, to benefit its own decision-making and enhance client communication across the range.
In addition to his current role as Chairman & CEO of Secquaero Advisors Ltd., Dirk Lohmann has been appointed Head of ILS at Schroders, as an employee of Schroder Investment Management (Switzerland) AG.
This move sees Lohmann taking on responsibility for the overall management of Schroders ILS business, representing the ILS operations within the Private Assets business unit and reporting to the Head of Private Assets Alan Cauberghs.
Daniel Ineichen, the Head of Fund Management ILS at Schroders will report directly to Lohmann going forwards.
Schroders has announced the hiring of Beat Holliger, an experienced reinsurance, alternative risk transfer and ILS executive who has previously worked at reinsurance firms Munich Re and Swiss Re.
Holliger takes on the role of Head of Product Management ILS at Schroders and will report to Lohmann. Holliger , who has moved to Zurich to take up the new position.
The role will see Holliger focused on product management, with additional responsibility for the management and co-ordination of other key ILS specific projects for the ILS business.
A number of other organisational changes have been made within the Schroders ILS business to create a platform for further expansion and growth of its strategies and to enhance client service.
Jutta Kath takes on the role of Head of ILS Administration and Transaction Management, which will see her leading the management of transformation infrastructure, outsourced service providers and trustee relationships.
Kath will also support the ILS business in managing key producer and counterparty relationships, given her significant experience and depth of contacts on the insurance and reinsurance market, working alongside the Non-life Underwriting & Origination and Portfolio Management teams.
Flavio Matter has moved across from the Cat Modelling function to Non-life Underwriting and Origination, where he will work alongside Nina Nikolova and Emilie Hungenberg, with a principal focus on sourcing and structuring private collateralized transactions for Schroders broader ALL ILS Fund strategies (SIF Core ILS, Schroders ALL ILS, Schroder Advanced ILS) and mandates.
In this new capacity, Matter will continue to report to Lohmann, alongside Nina and Emilie.
Dr. Christoph Hummel will now lead the Analytics team for the ILS business at Schroders, focusing on the technical pricing of non-life reinsurance, risk modelling, valuation of ILS positions, reporting and the ILS business data model including tool development.
Dr. Ian Nuñez and Dr. Christophe Etienne will both now report to Hummel, joining Simon Parten and Miriam Dossena as well as a further new hire that will be joining the ILS team as of April 1st.
Scott Mitchell, the Head of Life at Secquaero since February 2016, will now move to Schroder Investment Management (Switzerland) AG and take on the role of Portfolio Manager Life ILS, covering life insurance-linked dedicated mandates, as well as the Schroder Life ILS Fund.
Mitchell will continue to be supported by David Horley and Thomas Fealey on the Life Underwriting & Origination side of the business, with Gareth Snaith focused primarily on Analytics for the Life ILS business.
Finally, Schroders also announced today that it will be naming another new hire soon, having hired someone with several years of catastrophe bond management experience to fill a vacancy created by the resignation of Raffaele Dell’Amore. This new hire will join the ILS portfolio management team later this Spring, with a focus on cat bond portfolios.
The changes are part of a strategy to create a more integrated ILS desk at Schroders, bringing all of the wealth of expertise from Secquaero Advisors Ltd. deeper within its own business structure and aligning expertise within interdisciplinary teams focused on strategies and product lines.