Canopius names Invesco as alternatives partner as low rate environment continues to bite

Canopius Group, the global specialist re/insurer with operations in Bermuda, has named Invesco as an alternatives partner.

Invesco will provide Canopius with a customised solution of multi alternatives strategies via its alternatives platform, which focuses on private debt strategies across the UK, Europe, and US. It will assist with customised asset allocation, implementation, monitoring and risk oversight.

Gareth Russell, chief investment officer for Canopius, said the challenging low-yield market environment had created a need for an innovative way to improve returns.

“As a global re/insurance company, prudent risk management is paramount in all our investment decisions,” Russell said. “We understand that investing in less traditional fund structures requires close partnership with experienced investment management professionals.”

Richard Glenn, head of EMEA insurance distribution, said: “We are committed to enabling the investment teams of our re/insurance clients to efficiently access new, interesting and diversified investment strategies.”

Alex Mincier, head of global insurance solutions at Invesco, added: “Private markets offer new opportunities to insurance companies to diversify their assets and to capture additional premium related to illiquidity / complexity of those assets. However, those opportunities can require new skills for investment teams, and we offer our clients the expertise to select, optimise and manage a diversified alternative assets portfolio.”