New mandate targets riskier tranches of investments with higher return potential.
Elementum Advisors, a leading alternative investment manager specializing in collateralized natural catastrophe event reinsurance investments, today announced it has launched a new mandate with a large institutional investor focused on collateralized reinsurance investments (CRI) with a higher risk and return profile.
Leveraging Elementum’s established counterparty relationships, as well as its expansive structuring and modeling capabilities, the new mandate represents a higher risk and return profile while remaining steadfast to the core principles of its long-established investment approach.
“This new investment structure is an extension of our broader value proposition within the insurance-linked securities sector,” said Tony Rettino, Founding Partner and Senior Portfolio Manager at Elementum. “It enables us to provide capital across an even wider range of the risk and return spectrum and ultimately increase the capital we deploy to riskier tranches of investment opportunities.”
The launch of the new mandate comes as Elementum continues to expand its expertise in retrocessional reinsurance, such as with the hiring of Shabnam Ahmed in its Bermuda office in October 2020.
“We have been evaluating the market for some time to determine the most appropriate time for entry,” added Paul Barker, Partner and Portfolio Manager at Elementum. “The current attractiveness of the investment environment in combination with the unique opportunities available in higher risk investments signaled that the time was right to pursue this strategy.”
See official Press Release here.