Schroders Capital and Hannover Re Win Award for Pioneering Tokenisation of Insurance-Linked Securities

Schroders Capital and Hannover Re Win Award for Pioneering Tokenisation of Insurance-Linked Securities

(IN BRIEF) Schroders Capital’s Insurance-Linked Securities team received the Best Decentralised Finance (DeFi) Initiative award at the 2024 Digital Assets Awards for its innovative tokenisation pilot. In partnership with Hannover Re, the pilot demonstrated how reinsurance contracts can be tokenised and traded on a blockchain, automating processes like subscriptions and settlements. This initiative highlights Schroders’ commitment to digital innovation, building on previous projects like Singapore’s Project Guardian and the European Investment Bank’s Digital Bond issuance.

(PRESS RELEASE) LONDON, 8-Nov-2024 — /EuropaWire/ — Schroders Capital’s Insurance-Linked Securities (ILS) team has been awarded the Best Decentralised Finance (DeFi) Initiative at the Digital Assets Awards 2024 for their pioneering tokenisation pilot, which aims to transform the management and investment of insurance-linked securities. In collaboration with Hannover Re, the initiative showcased how reinsurance contracts can be tokenised and traded on a public blockchain using smart contracts, streamlining processes such as subscription and settlement times through automation.

The project, which was trialed internally, was evaluated on innovation, transaction capability, interoperability, and risk management, and reflects over a year of collaboration with I.AM Labs under the guidance of the Guernsey Financial Services Commission. Schroders Capital’s initiative is part of a larger commitment to exploring new digital frontiers, including its participation in Singapore’s Project Guardian and the European Investment Bank’s GBP Digital Bond issuance.

Stephan Ruoff, Co-Head of Private Debt and Credit Alternatives at Schroders Capital, highlighted that the collaboration with Hannover Re represents a major step forward for efficiency and transparency in the ILS market. Meanwhile, Hannover Re’s Henning Ludolphs emphasized the value of the partnership in building future-ready skills and technologies.

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Schroders Capital

Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates.

The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.

With $97.3 billion (£77.0 billion; €90.8 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).

*Assets under management as at 30 June 2024 (including non-fee earning dry powder and in-house cross holdings)

Schroders plc

Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £773.7 billion (€912.6 billion; $978.1 billion) of assets under management at 30 June 2024. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 6,000 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Schroder family continues to be a significant shareholder, holding approximately 44% of the issued share capital.

Schroders’ success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.

Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

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Media Contacts:

Andy Pearce
Head of Media Relations
+44 20 7658 2203
andy.pearce@Schroders.com

Rebecca Dwyer
Strategic Communications
+44 207 658 4333
Rebecca.dwyer@schroders.com

SOURCE: Schroders plc