{"id":5719,"date":"2025-07-14T14:46:58","date_gmt":"2025-07-14T14:46:58","guid":{"rendered":"http:\/\/studentlearningportal.com\/?p=5719"},"modified":"2025-07-14T20:09:59","modified_gmt":"2025-07-14T20:09:59","slug":"ambassador-fund-hits-537m-as-cat-bond-holdings-grow-private-ilw-investments-steady","status":"publish","type":"post","link":"http:\/\/studentlearningportal.com\/index.php\/2025\/07\/14\/ambassador-fund-hits-537m-as-cat-bond-holdings-grow-private-ilw-investments-steady\/","title":{"rendered":"Ambassador Fund hits $537m as cat bond holdings grow. Private ILW investments steady"},"content":{"rendered":"

This content is copyright to www.artemis.bm<\/a> and should not appear anywhere else, or an infringement has occurred.<\/p>\n

The Ambassador US mutual catastrophe bond fund strategy operated by Embassy Asset Management grew its total insurance-linked securities (ILS) assets under management by approximately 23% in the last quarter of record. Its cat bond holdings have continued to grow taking the fund’s AUM to $537 million by the end of June.
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\n\"embassy-ambassador-fund-cat-bonds\"The Ambassador catastrophe bond fund was launched in Q3 2021 by investment advisor Embassy, which has a focus on non-correlated strategies that deliver income to its clients<\/a>.<\/p>\n

With a dedicated catastrophe bond and insurance-linked securities (ILS) investment focus, Embassy became the newest entrant to the US mutual ILS fund marketplace at that time.<\/p>\n

The strategy began\u00a0allocating capital to catastrophe bonds in the quarter to April 30th of 2023, while also entering into its first private ILW arrangement under the Consulate Re structure<\/a>.<\/p>\n

By January 31st 2025, the previous reporting juncture, the Ambassador Fund had grown to\u00a0almost $418 million in assets<\/a>.<\/p>\n

At that time the fund mix was made up of $330.3 million of catastrophe bonds within its portfolio, while preferred note investments into industry-loss warranty (ILW) contracts under the Consulate Re structure amounted to just over $59 million at that time, and the rest of the net assets comprised short-term investments.<\/p>\n

Three months on and the total net assets of the Ambassador Fund strategy reached almost $512 million as of April 30th 2025, a roughly 23% increase in the latest quarter of record.<\/p>\n

Since then, the fund has continued to grow to reach $537 million in assets by June 30th this year.<\/p>\n

As of April 30th, the fund mix counted catastrophe bond investments valued at $403 million, while ILW investments into Consulate Re cells still amounted to $59 million, and short-term assets had grown to almost $35 million. In addition, the fund also counted $14.7 million of net assets in excess of liabilities, so uninvested cash at that time.<\/p>\n

At the January 31st reporting, the Ambassador Fund portfolio held 10 Consulate Re positions, 7 of which were 2025 series and so more recently invested in.<\/p>\n

As of April 30th those figures stood at still 10 Consulate Re positions, but with 8 being 2025 series deals.<\/p>\n

It’s also worth noting that Artemis has learned that Embassy Asset Management has also been operating a private insurance-linked securities (ILS) fund strategy since 2024.<\/p>\n

The Schrodinger Fund I, LLC is a more opportunistic cat bond and ILS focused fund, with a broader investment remit and a target to deliver higher returns than the mutual Ambassador Fund.<\/p>\n

The Schrodinger Fund I private ILS fund strategy counted approximately $26 million in assets as of March 2025, we understand.<\/p>\n

Ambassador Fund hits $537m as cat bond holdings grow. Private ILW investments steady<\/a> was published by: www.Artemis.bm<\/a>
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This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Ambassador US mutual catastrophe bond…<\/p>\n","protected":false},"author":1,"featured_media":3233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[],"_links":{"self":[{"href":"http:\/\/studentlearningportal.com\/index.php\/wp-json\/wp\/v2\/posts\/5719"}],"collection":[{"href":"http:\/\/studentlearningportal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/studentlearningportal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/studentlearningportal.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/studentlearningportal.com\/index.php\/wp-json\/wp\/v2\/comments?post=5719"}],"version-history":[{"count":2,"href":"http:\/\/studentlearningportal.com\/index.php\/wp-json\/wp\/v2\/posts\/5719\/revisions"}],"predecessor-version":[{"id":5721,"href":"http:\/\/studentlearningportal.com\/index.php\/wp-json\/wp\/v2\/posts\/5719\/revisions\/5721"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/studentlearningportal.com\/index.php\/wp-json\/wp\/v2\/media\/3233"}],"wp:attachment":[{"href":"http:\/\/studentlearningportal.com\/index.php\/wp-json\/wp\/v2\/media?parent=5719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/studentlearningportal.com\/index.php\/wp-json\/wp\/v2\/categories?post=5719"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/studentlearningportal.com\/index.php\/wp-json\/wp\/v2\/tags?post=5719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}