Solidum Partners

What Solidum Partners does

Solidum Partners AG is an independent, FINMA-regulated investment management company founded in 2004 and headquartered in Zurich, Switzerland. The firm specializes exclusively in insurance-linked securities (ILS) and catastrophe bonds, managing a product suite that includes the UCITS-compliant Solidum Cat Bond Fund and two alternative investment fund vehicles (Solidum ELS SAC2 with performance history dating to 2006, and Solidum ELS SAC3), all directed at qualified institutional investors in Switzerland and other jurisdictions where registered for distribution. Solidum claims the longest continuous team track record of any ILS manager in continental Europe and has been led by its original founding partners since a 2006 management buyout, providing stability in a niche, event-driven asset class.

The firm generates revenue primarily through recurring management fees (1.00% per annum on standard share classes, 0.75% per annum on the institutional I-Class introduced in May 2021) charged on fund AUM, with cat bond instruments requiring a minimum engagement of approximately USD 250,000. Distribution is restricted to qualified investors: Swiss institutional investors access product pages directly through gated confirmation, while investors from other domiciles must contact the firm via phone or email for eligibility evaluation. The go-to-market is direct enterprise sales supported by thought-leadership content marketing (bilingual blog, investor letters, press coverage in Finanz und Wirtschaft and Börsen-Zeitung) rather than third-party distribution.

On the technology side, Solidum has developed the proprietary ILSBlockchain platform for smart contract-based settlement of securitised reinsurance contracts and secondary market trades, used notably in the issuance of a USD 12 million private catastrophe bond in 2019 and the 2021 Dunant Re humanitarian cat bond structured in partnership with the Danish Red Cross. Other innovation milestones include the firm's pioneering Cat Bond Lite structure and the first successful workout of a distressed catastrophe bond. The firm maintains a deliberately small team (1-10 employees) of senior reinsurance and actuarial professionals.

Name

Solidum Partners

Legal name

Solidum Partners AG

Website

https://solidumpartners.ch

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Solidum Partners AG is an independent Zurich-based investment management firm specializing exclusively in insurance-linked securities and catastrophe bonds for institutional investors, operating UCITS and alternative funds under FINMA authorization.

Ownership category

akta.pro rank

Product category

Insurance-Linked Securities Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Open-End Investment Funds (52591)

SIC

Asset-Backed Securities (6189), Investment Advice (6282)

akta.pro primary industry

Insurance-Dedicated Multi-Manager Platforms (e.g., ILS / Cat Bond FoF) (FSAHAKAK)

akta.pro secondary industries

UCITS / Liquid Alternatives Fund of Funds (FSAHAKAE), Real Assets — Real Asset Fund Platforms / Multi-Asset Real Assets (Diversified Real Assets Funds) (FSAHAIAM)

Keywords

• Insurance-linked securities
• Catastrophe bond funds
• ILS portfolio management
• Alternative investment funds
• Reinsurance investments

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Management Fees (UCITS and Alternative Funds): Solidum Partners generates revenue through management fees charged on its UCITS and alternative investment funds. As of April 2021, the standard share classes of the Solidum Cat Bond Fund charge a management fee of 1% per annum. An institutional share class introduced on 1 May 2021 charges a reduced fee of 0.75% per annum.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Solidum Partners AG manages UCITS-compliant and alternative investment funds that invest in insurance-linked securities and catastrophe bonds for institutional investors. The firm provides portfolio management and advisory services for the ILS asset class and offers segregated mandates to qualified investors, with all funds restricted to institutional/qualified investors due to regulatory constraints.

Product overview

Solidum Partners is an independent investment management company specialising exclusively in insurance-linked securities (ILS). The firm offers a portfolio of UCITS and alternative investment funds, including the Solidum Cat Bond Fund, Solidum ELS SAC2, and Solidum ELS SAC3. These funds invest in catastrophe bonds and collateralised reinsurance (transformierte Rückversicherung) contracts. The firm also provides advisory and portfolio management services for ILS investments. A key differentiator is the proprietary ILSBlockchain platform for efficient settlement of cat bonds and secondary market transactions. Funds are distributed to Swiss institutional investors and in specific countries where registered for public distribution.

Differentiator

Problem solved

Functional benefit

Brands

• Solidum Cat Bond Fund: UCITS fund investing in catastrophe bonds, registered for public distribution in various countries
• Solidum ELS, SAC2
• Solidum ELS, SAC3
• Solidum ILS Blockchain

Products and services

• Solidum Cat Bond Fund UCITS-compliant fund that invests primarily in catastrophe bonds, offering institutional investors exposure to insurance-linked securities with structural independence from general capital markets. Standard share classes charge a 1% per annum management fee; an institutional share class introduced on 1 May 2021 charges 0.75% per annum.
• Solidum ELS, SAC2 (Event Linked Securities Fund, Sub-fund 2) Alternative investment fund with performance history dating back to 2006 that invests in event-linked securities including catastrophe bonds and collateralised reinsurance, directed at qualified investors.
• Solidum ELS, SAC3 (Event Linked Securities Fund, Sub-fund 3) Alternative investment fund sub-fund investing in insurance-linked securities and catastrophe bonds for qualified investors. Achieved its best annual result in 2023 attributable to attractive ILS market conditions and skilled portfolio management.
• ILSBlockchain Proprietary blockchain-based platform developed by Solidum for efficient settlement of securitised reinsurance contracts and execution of secondary market trades. Used to structure and issue catastrophe bonds, including the USD 12 million private cat bond issued in 2019, and the Dunant Re cat bond issued in March 2021 in partnership with the Danish Red Cross.

Quantifiable outcome

• Solidum Cat Bond Fund and Solidum ELS, SAC3 achieved their best annual results in 2023, with performance attributable to attractive ILS market conditions and skilled portfolio management.
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Danish Red Cross (Dansk Røde Kors)coreStrategic or Co-development Partner · 1 January 2021Since 2019, Solidum worked with the Danish Red Cross to develop a Cat Bond solution for rapid humanitarian aid following volcanic eruptions in developing countries. This collaboration leveraged Solidum's ILSBlockchain technology for efficient and cost-effective settlement. The resulting Cat Bond, Dunant Re, was issued in March 2021 with a 5% coupon at 2.2% Expected Loss. Solidum was one of three ILS investors participating in the issuance. The partnership demonstrates the social potential of ILS instruments for humanitarian purposes.
• ReplexusminorImplementation/ SI/ Consulting Partner · 1 January 2021Replexus structured the Dunant Re Cat Bond under the leadership of Cedric Edmonds (Director Solidum Re). Replexus served as the structuring agent for the transaction, working with Solidum's ILS expertise and ILSBlockchain technology.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Plenum Investments: Swiss investment manager with dedicated insurance-linked strategies and cat bond funds. Competes with Solidum for Swiss and European institutional ILS allocations.
• Twelve Capital: Swiss-based investment manager specialising exclusively in insurance-linked securities and cat bonds. Operates multiple ILS funds and is one of the closest direct competitors to Solidum in the European ILS boutique space.
• Leadenhall Capital Partners: Independent ILS investment manager running dedicated cat bond and reinsurance-linked strategies, similar in mandate and client base to Solidum's fund offerings.
• Fermat Capital Management: Specialist ILS and cat bond investment manager offering dedicated fund vehicles to institutional investors; directly comparable in product and target client to Solidum's UCITS and alternative funds.

Broad incumbents

• Credit Suisse Insurance Linked Strategies: Established ILS division within Credit Suisse (UBS post-acquisition) offering cat bond and ILS fund products to institutional clients; broader incumbent with multiple strategies versus Solidum's boutique model.
• Schroder Investment Management (ILS): Schroders' Insurance-Linked Securities team runs dedicated ILS strategies for institutional clients; comparable product offering but operates as part of a much larger asset management firm.
• LGT ILS Partners: Private banking and asset management group LGT runs insurance-linked strategies alongside broader investment offerings, competing with Solidum for European private wealth and institutional ILS allocations.
• Munich Re: Global reinsurer and significant ILS investor through its dedicated ILS unit; comparable in asset class focus but operates on the issuer side of the market as well, making it a broad incumbent rather than a direct fund-management peer.
• Swiss Re: Global reinsurer with deep involvement in the ILS market through underwriting and investment activity. While not a fund-management peer, it is the parent of Solidum's founder pedigree and a key counterparty in the ILS ecosystem.

Others

• Aon Securities: Securities and capital advisory arm of Aon focused on insurance-linked securities, cat bond placement, and ILS brokerage. Acts as a transaction intermediary in the same asset class Solidum invests in, rather than a direct fund competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks4 records

Key highlights6 records

Customer concentration

• Xx.com/solidumpartners
• LinkedInlinkedin.com/company/solidum-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solidum Partners