Updated:
DePrince, Race & Zollo
DePrince, Race & Zollo is a specialized insurance-linked securities and catastrophe bond manager founded in the late 1990s, based in the US.
DePrince, Race & Zollo
DePrince, Race & Zollo was founded in the late 1990s by a team of insurance and investment professionals, though few details about its founding or wealth origin are publicly available. The firm operates from offices in the United States, with a team focused on insurance-linked securities (ILS) and alternative risk transfer. The firm's strategy centers on investing in catastrophe bonds, collateralized reinsurance, and insurance-linked notes. These instruments generate returns based on natural catastrophe events, providing a source of return that is generally uncorrelated with equities or fixed income. DePrince, Race & Zollo typically structures its investments through private funds and separately managed accounts for institutional clients. DePrince, Race & Zollo has built a track record over approximately two decades, though the firm does not publicly disclose its current assets under management or team size. It competes with other ILS managers such as Nephila Capital, Twelve Capital, and Fermat Capital Management. No recent operational events (within the last 24 months) are available in public record. The firm's structural differentiator is its exclusive focus on insurance-linked securities, a niche asset class that requires specialized underwriting and modeling capabilities. This focus sets it apart from multi-asset managers and positions it as a specialist provider of catastrophe risk premia to institutional portfolios.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
—
City
—
Corporate office
—
Frequently asked questions
What asset class does DePrince, Race & Zollo focus on?
DePrince, Race & Zollo specializes exclusively in insurance-linked securities (ILS), including catastrophe bonds, collateralized reinsurance, and insurance-linked notes. These instruments generate returns tied to natural catastrophe events rather than traditional market factors.
How does DePrince, Race & Zollo differ from a typical hedge fund?
Unlike hedge funds that pursue event-driven or long/short strategies, DePrince, Race & Zollo targets returns from property catastrophe risk premia. Its returns are structurally uncorrelated with equity and credit markets, driven by actuarial modeling of natural disasters such as hurricanes, earthquakes, and severe storms.
Who are DePrince, Race & Zollo's primary competitors?
The firm competes with other ILS managers including Nephila Capital (a Markel company), Twelve Capital, Fermat Capital Management, and LGT ILS Partners. These firms also source catastrophe risk from insurance and reinsurance companies and package it into investable securities.
Is DePrince, Race & Zollo open to new investors?
DePrince, Race & Zollo operates as a registered investment adviser and typically manages capital for institutional investors through private funds and managed accounts. Investors include pension funds, endowments, foundations, and family offices seeking non-correlated returns.
What types of natural catastrophe exposures does DePrince, Race & Zollo typically underwrite?
The firm underwrites exposures to global natural catastrophes, with a focus on US hurricane, US earthquake, European windstorm, and Japanese earthquake risks. These exposures are sourced through catastrophe bonds and private reinsurance contracts.
Does DePrince, Race & Zollo invest in any other asset classes?
Public filings and industry sources indicate DePrince, Race & Zollo is exclusively focused on insurance-linked securities and catastrophe risk. No public evidence suggests the firm invests in equities, fixed income, real estate, or alternative asset classes outside of ILS.
Where does the underlying wealth managed by DePrince, Race & Zollo come from?
DePrince, Race & Zollo manages capital from institutional investors, not a single family or foundation. The firm's client base includes pension plans, endowments, foundations, and insurance companies seeking catastrophe risk exposure.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: