Global asset manager Schroders has teamed up with Thai company Krungthai Asset Management to launch catastrophe bond fund strategies specifically for the Thai ultra-high net worth investor marketplace.
The new KTAM Catastrophe Bond Funds will act as feeder funds into an established cat bond fund managed by the Schroders Capital insurance-linked securities (ILS) team.
The two new cat bond feeder strategies are called the KTAM Catastrophe Bond Fund Not for Retail Investors and the KTAM Catastrophe Bond Fund Unhedged Not for Retail Investors.
They are designed to help open-up access to the diversifying and relatively uncorrelated catastrophe bond asset class to ultra-high net worth investors in Thailand, bringing them a simple and localised way to access an investment strategy from a leading and established ILS market investment manager.
The two KTAM cat bond funds are open-ended and available now for ongoing subscription to investors.
They provide access to the Schroder IF Flexible Cat Bond Fund, which is the master fund to the KTAM strategies.
As of September 30th 2025, the Schroder IF Flexible Cat Bond Fund had more that US $877 million in cat bond assets under management, sitting as part of Schroders Capital’s Private Debt and Credit Alternatives (PDCA) platform that manages more than US $30 billion globally.
Schroders noted that the launch of these strategies serves to further open-up access to insurance-linked securities (ILS) to Asian investors.
“Thai investors will benefit from institutional oversight and a Luxembourg vehicle, ensuring robust governance and industry-leading standards,” the asset manager explained.
The new strategies will be offered to Thai HNW investors by Krungthai Asset Management, while the 37 strong Schroders Capital ILS team with its near 15 year track record will manage the master cat bond fund that assets ultimately feed to.
Katherine Cox, Head of Client Group, South Asia and Global Official Institutions, Schroders, commented, “We are delighted to partner with Krungthai Asset Management to offer our Cat Bond strategy for Thailand’s ultra-high net worth investors. The strategy’s performance over the past three years underscores the appeal of insurance-linked securities as a source of diversification and resilient income for investors.
“The momentum in the catastrophe bond market remains strong, supported by sustained investor demand and disciplined pricing. As monetary conditions ease and private wealth investors seek stability and returns, we are strategically positioned to capture these market dynamics while delivering institutional-grade solutions that strengthen portfolio resilience for investors.”
Chavinda Hanratanakool, Chief Executive Officer, Krungthai Asset Management, added, “Natural disasters are growing more severe, with significant impacts on lives, property and economies. However, they also present unique investment opportunities through risk transfer via Catastrophe Bonds.
“We are pleased to partner with Schroders, a specialist in this field, to bring Catastrophe Bond funds to Thai investors – offering diversification benefits and attractive return especially as these assets have low correlation with mainstream investments during periods of market volatility.”
This new partnership between Schroders and Krungthai Asset Management is not the first to target the Thailand investor base with a fund designed to make accessing catastrophe bonds simpler.
Recall that ILS manager Twelve Securis had partnered with Kiatnakin Phatra Asset Management (KKP Asset Management), part of the Kiatnakin Phatra Financial Group, to launch two catastrophe bond strategies for the Thai domestic market, with both serving as feeders to the Twelve Cat Bond Fund.
