GAM Investments has announced the hire of well-known insurance-linked securities (ILS) industry executive Dr.Rom Aviv as its new Head of ILS, a move that comes as GAM announced that reinsurance firm Swiss Re will take on co-investment management responsibilities for its catastrophe bond and insurance-linked securities (ILS) funds., Swiss Re registered investment adviser subsidiary Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC) is now set to act as co-investment manager for all GAM cat bond funds and other ILS fund strategies, alongside GAM itself as the other co-manager, from May 7th.GAM said, “As global markets evolve, cat bonds and ILS continue to provide attractive investment opportunities, offering diversification, scalability, and resilience against macroeconomic trends.

Swiss Re’s scale and end-to-end expertise in the ILS market, supported by their specialist underwriting know-how delivers unique risk management capabilities and enhanced investment expertise for investors.” The asset manager also announced that it has hired Dr.Rom Aviv as its Head of ILS.Aviv was most recently working as a Senior Advisor to specialist insurance-linked securities (ILS) manager Twelve Capital, a company he had previously spent some years working for.

At GAM, Aviv will be tasked with driving an expansion of the ILS business for the firm.He will also lead GAM’s strategic collaboration with Swiss Re, while developing innovative investment solutions for the asset managers clients.Aviv has 17 years of experience, including in both buy-side and sell-side roles, having held positions with a focus on modelling, structuring, and product development across catastrophe bonds, ILS, reinsurance, and capital markets.

As well as working at Twelve Capital between early 2012 and the end of 2016, Aviv also had his own consulting firm and established IBI ILS Partners as a dedicated ILS investment manager for a time as well.His most recent advisory work back at Twelve Capital saw him playing a key role in setting up .Aviv commented, “The resilience of Cat Bonds in the face of market volatility, delivering attractive, diversifying returns above the risk-free rate, has been reinforced by 25 years of empirical evidence.

GAM and Swiss Re have been key pioneers in scaling and evolving this asset class for over two decades, with this partnership bringing together investment management expertise, underwriting capabilities, and a state-of-the-art client infrastructure to ensure investors access truly compatible and tailored solutions.“I am thrilled to join GAM, lead the expansion of its ILS business, and partner with the foremost reinsurer in the ILS space.” Elmar Zumbuehl, Group CEO of GAM Investments also said on the new partnership with Swiss Re, “For 20 years GAM has provided clients with access to portfolio diversifying Catastrophe and Insurance Linked Securities globally.We are proud of our significant contribution to the asset class, having helped several thousand clients access and invest in GAM Cat Bond and ILS strategies.

“GAM and Swiss Re’s combined strengths across global distribution, product innovation, risk management and investment expertise will help make an already exciting asset class more accessible to our clients.” ..All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.