Swedish private pension fund, Alecta, has entered into a strategic partnership with Swiss Re Insurance-Linked Investment Management Ltd (SRILIM).

The pension fund, which manages the assets of around 2.6 million customers, has invested USD 250m in SRILIM’s 1863 fund platform.

Through the capital-efficient fund format, Alecta can participate in Swiss Re’s natural catastrophe business and benefit from significant diversification potential as well as Swiss Re’s risk knowledge and underwriting expertise.

Commenting, Alecta head of fixed income and strategy, Tony Persson, said: “Our primary focus is on generating attractive long-term returns for our customers. We manage our assets in an efficient and sustainable manner, working with few select partners where we see relevant investment opportunities.

“We are convinced that insurance-linked securities can generate high-quality and uncorrelated returns and are pleased to partner with Swiss Re to benefit from its extensive expertise in this domain. We look forward to a long-lasting collaboration.”

SRILIM CEO, Martin Bisping, added: “We are very excited to have Alecta as a strategic partner. This marks a significant milestone, particularly in terms of asset raising, in the still young history of our 1863 fund platform, which achieved strong investment performance since its launch a year ago. I am confident that we will accelerate this positive momentum, as we continue to broaden our partnerships with alternative capital investors, such as Alecta.”

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