Global asset manager Invesco has been named as an alternatives partner for specialist insurer and reinsurer, Canopius Group.
Under the terms of the partnership, Invesco will provide Canopius with a customised solution of multi alternatives strategies, via its alternatives platform.
Invesco’s platform provides access to different alternatives, focusing on private debt strategies across the UK, Europe, and US.
Additionally, Invesco will work alongside Canopius assisting with customised asset allocation, implementation, monitoring and risk oversight.
Gareth Russell, Chief Investment Officer for Canopius, commented: “In challenging low-yield market environments such as these, we are always seeking innovative solutions to improve returns in an efficient manner.
“As a global re/insurance company, prudent risk management is paramount in all our investment decisions. We understand that investing in less traditional fund structures requires close partnership with experienced investment management professionals. We’re delighted with the creation and launch of our portfolio with Invesco and look forward to continuing to seek out returns together.”
Richard Glenn, Head of EMEA Insurance Distribution, said: “Invesco is proud to be partnering with Canopius on this innovative alternative assets solution. We are committed to enabling the investment teams of our re/insurance clients to efficiently access new, interesting and diversified investment strategies.
“Utilising the dedicated re/insurance client expertise and experience within Invesco, in conjunction with our global alternatives’ platform, allows us to partner with Canopius in their search for customised risk- adjusted returns from private market assets.”
Alex Mincier, Head of Global Insurance Solutions, added: “In this low rates environment, insurers need to find new sources of revenue to cope with yield dilution in their balance sheets. Private markets offer new opportunities to insurance companies to diversify their assets and to capture additional premium related to illiquidity / complexity of those assets.
“However, those opportunities can require new skills for investment teams, and we offer our clients the expertise to select, optimise and manage a diversified alternative assets portfolio.”