Luxembourg, 17 June 2019 – Falcon Fund Management (Luxembourg) S.A. has appointed Solidum Partners AG (Solidum) to manage its insurance-linked securities (ILS) funds as of August 1, 2019. Falcon is thus unlocking new potential for growth and drawing on Solidum’s extensive expertise in the insurance sector.
In addition to traditional risk categories such as hurricanes or earthquakes, new threats such as cyberattacks, software bugs and terrorism are increasing the need for protection. These open up new opportunities for ILS investors and require fund managers whose expertise extends beyond natural disasters. “We have found this in-depth insurance knowledge in Solidum in Zurich, to whom we are entrusting the fund management of our ILS range. By doing this, we are laying the foundation for further growth in the cat bond segment,” explains Alfred Brandner, CEO of Falcon Fund Management.
Solidum has been operating as a cat bond manager since 2004, making it the longest-standing ILS fund manager in continental Europe. “Its continuous success and reinsurance expertise were what made us decide to work with Solidum,” says Harald Steinbichler, Member of the Board of Directors of Falcon Fund Management.
By entering into this new partnership, Falcon Fund Management is also expanding its ILS offering. From August 1, 2019, two additional funds covering the full range of reinsurance will be available to our institutional investors.
About Falcon Fund Management (Luxembourg) S.A.
Falcon Fund Management (Luxembourg) S.A. is a specialist provider of innovative investment products for more than 30 years. The subsidiary of Swiss-based Falcon Private Bank focuses on niche products for institutional and high-net-worth private clients. Together with its international partners, the investment boutique develops, manages and sells fund products to optimise client portfolios. Please visit www.falcon.lu for more information on Falcon Fund Management and the relevant funds.
About Solidum Partners AG
Solidum Partners AG was founded in 2004 and is run as an independent investment manager specialising in ILS. The company has a history of innovation leadership in the ILS market. Having structured the first ‘cat bond lite’ in a German-speaking country and implemented the settlement of securitised reinsurance contracts via blockchain in 2019, the company has already succeeded in pushing the boundaries of the ILS market on multiple occasions. Visit www.solidumpartners.ch for more information about Solidum.
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