AXA IM Novalto - Gaia

Through AXA SF’s affiliation with one of the largest insurance companies in the world – AXA Group – the ILS team is at the crossroads of the capital markets and insurance markets. This is an advantageous position for managing investments in ILS where knowledge of both markets is required to be able to correctly assess these securities. The ILS team benefits from the strong on-going support of the AXA Group thanks to two specialized teams:  AXA Group’s Risk Management (“GRM”) department provides invaluable assistance in terms of modelling and research capacities. This is formalized with an advisory agreement and through weekly meetings.  AXA Global P&C and Global Life, the subsidiary of the AXA Group in charge of relationships with reinsurance companies enables the team to collect information on reinsurance market trends. In order to avoid any conflict of interest, the ILS team’s relationship with the AXA Group is strictly limited to obtaining modelling and market information. All investment decisions are made exclusively by the ILS team. Moreover, the ILS team’s portfolios do not include any AXA insurance risk. The investment objective of Gaia is to seek to achieve, over the life of Gaia, an absolute return in the reference currency of each Class, in compliance with the investment policy described in the prospectus supplement. The main strategy is to create a diversified portfolio of insurance risks, through various eligible financial instruments.