British fund manager Schroders has strengthened its private assets business by taking full ownership of Secquaero Advisors, a Swiss insurance linked securities (ILS) investment management business.

Under the agreement, Secquaero will be integrated into Schroders Private Assets.

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Schroders initially took a 30% stake in Secquaero in 2013, with an aim to meet the increasing demand for ILS by institutional clients, and raised its holding to 50.1% almost three years later.

Now, Schroders has a 100% stake in Secquaero.

Secquaero has been Schroders’ exclusive adviser on ILS investment strategies since 2013 and will continue to oversee ILS-related strategies.

The British firm aims to be “one of the leading institutional providers of dedicated ILS investment strategies”.

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Its 25-member ILS team managed around $3bn in assets at the end of June 2019.

The combined entity will adopt the Schroder Secquaero brand, as part of Schroder Investment Management (Switzerland). The team will be headed by Dirk Lohmann.

Commenting on the latest deal, Lohmann said: “In a time where diversification and positive absolute returns are key, the investment case for ILS remains strong.

“Secquaero’s DNA along with its market footprint and long-standing expertise will be embedded within Schroders Private Assets.”

Schroders has made several purchases recently.

These include the acquisitions of Thirdrock Group’s wealth management unit in Singapore and German real estate firm Blue Asset Management.