PIMCO adds almost $26m more to its ILS Series SPC fund vehicle



Giant asset manager PIMCO has raised and deployed more funds into its Cayman Islands based ILS Series SPC fund, taking total insurance-linked assets within one segregated fund account to $51.8 million and overall assets in the vehicle to just over $150 million.

PIMCO (Pacific Investment Management Company LLC), the investment management arm of insurance giant Allianz S.E. that commands around $1.76 trillion of assets, launched the PIMCO ILS Business in January 2019, appointing Rick Pagnani to lead the new insurance-linked securities (ILS) operation.

The new ILS unit of PIMCO has been steadily building out a team and platform and was ready to begin more active underwriting operations as of the start of 2020.


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