SCOR investment arm announces milestone
SCOR investment arm announces milestone | Insurance Business New Zealand
Reinsurance
SCOR investment arm announces milestone
Growth in step with group’s Forward 2026 plan
Reinsurance
By
Kenneth Araullo
SCOR Investment Partners, the asset management arm of the SCOR Group, has announced a milestone, having reached over €20 billion in assets under management.
The year 2023 marked a period of growth for the firm, especially in terms of third-party activities, which saw a rapid increase in assets under management.
This growth is also in step with the SCOR group’s Forward 2026 strategic plan. By the end of 2023, assets under management from third parties approached €7.4 billion, buoyed by nearly €900 million in net inflows from external investors.
Louis Bourrousse, chief executive officer of SCOR Investment Partners, expressed enthusiasm about the achievement that he said confirms recognition by its clients.
“These results speak to the resilience and excellence that have driven SCOR Investment Partners for nearly 15 years as our teams leverage both an asymmetric risk culture and our sustainable investment expertise,” he said. “We look to continue this strong positive momentum through 2024 with the launch of new investment propositions building on our established expertise, notably across our value-add real estate debt and infrastructure debt strategies, which are designed to finance the energy and digital transitions.”
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