Neuberger Berman Insurance-Linked Strategies
Diversified exposure to insurance-linked investments in catastrophe risk markets
OVERVIEW
Neuberger Berman's Insurance-Linked Strategies (formerly Cartesian Re) launched in 2009. Its mission is to deliver uncorrelated and attractive risk-adjusted returns using a dynamic and active risk management approach, leveraging the broader Neuberger Berman platform.
CAPABILITIES OVERVIEW
Uncorrelated Return Strategy
NB ILS focuses on capturing natural event risk premium through a diversified portfolio of insurance-linked investments in catastrophe risk markets
Active Risk Management
Team proactively identifies new opportunities to take advantage of short-term dislocations and monitors key short-term risk parameters to seek to optimize risk and return profile
Specialized Team
Deep backgrounds in climate science, risk modeling, underwriting, and portfolio management, coupled with fourteen-year track record
INVESTMENT PRINCIPLES
The NB ILS team seeks to generate attractive risk-adjusted returns that are demonstrably uncorrelated with traditional asset classes.
Focus on Low Correlation to Traditional Asset Classes
Invest in insurance-linked securities, such as industry loss warranties, that are based on occurrence of large scale, low probability natural events and are independent of financial markets.
Active Management of the Portfolio
We employ a risk-centric, rather than a return-target approach, and actively manage risk by sourcing new opportunities, monitoring key short-term risk parameters and taking advantage of short-term dislocations.
Leverage Best-in-Class Resources
Utilize the broad resources of Neuberger Berman, such as finance, operations, legal and risk teams for operational support as well as the alternative investments, insurance solutions, big data and research teams for additional due diligence insights.
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Insights
White Paper | March 2024
Cyber Risk and ILS
- Exploring opportunities in the cyber (re)insurance market.
Podcast | February 2023
Natural Catastrophes in Today’s Climate
- (18:40) Hurricane Ian was the most expensive weather disaster in 2022, how could the ILS asset class help mitigate these losses?
White Paper | January 2021
Catastrophe Bonds: Natural Diversification
- Following another eventful year in reinsurance, we offer a primer on catastrophe bonds—a growing and genuinely diversifying asset class that we believe is attractively valued.
MANAGEMENT TEAM
Peter DiFiore, PhD, CAIA
Managing Director
16
Years of Industry Experience
5
Years with Neuberger Berman
Cedric Drui, CFA, FRM, CAIA
Managing Director
16
Years of Industry Experience
5
Years with Neuberger Berman
Contact Us
For more information contact your Advisor or reach out to us
nbspecialtystrategies@nb.com