Swiss Re’s specialist insurance-linked securities (ILS) and third-party reinsurance capital management division, Alternative Capital Partners (ACP), has reported a 68% increase to its fee income earned for the full-year 2023, reaching $195 million.
With third-party investor assets under management (AUM), at the alternative reinsurance capital and insurance-linked securities (ILS) focused unit of Swiss Re, having reached $3.3 billion back at the end of the third-quarter, this larger pool of assets managed is now driving much higher fee income for the company.
Full-year 2022 had seen activities at the Alternative Capital Partners (ACP) division earning $116 million of fee income for Swiss Re.
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