SWAN

SWAN does not operate a centralized investment office. Each regulated entity — including Swan General Ltd, Swan Life Ltd, Swan Securities Ltd, and Swan Wealth Managers Ltd — maintains its own board of directors and senior management team. Group CEO Louis Rivalland oversees the group's executive direction, but investment authority is dispersed across the subsidiary boards rather than concentrated in a single CIO or investment committee disclosed to the public.

The group's investment portfolio originates from its insurance balance sheet, not from external fundraising or LP commitments. Real estate holdings — including the Swan Centre commercial property in Port Louis and a mixed-use portfolio across Mauritius — are directly owned. Gold exposure is held as an asset class. The group's securities and wealth-management subsidiaries distribute retail investment products and personal loans in the Mauritian market.

SWAN is an insurance holding company. Its 14 subsidiaries include life and non-life insurers, a reinsurance protected cell company, pension administrators, and securities and wealth-management firms. The investment portfolio is the general account of the insurance operations — premiums drive the balance sheet, not third-party investor capital.

Based on publicly available information, SWAN's investment posture is primarily direct: it owns commercial and mixed-use property outright in Mauritius and holds gold as a portfolio asset. Its securities and wealth-management vehicles — Swan Securities Ltd, Swan Global Funds Ltd — offer investment plans and securities to retail clients, but the group does not publicly disclose commitments to external private-equity, venture-capital, or hedge funds.

SWAN does not publish a negative screening or exclusion list. Its investment exposure, as disclosed, concentrates on Mauritian real estate and gold. There is no public evidence of holdings in sectors such as technology, venture capital, or international infrastructure, which differentiates it from diversified institutional asset owners.

The Rogers Group is a major shareholder and strategic partner of SWAN, owning a significant stake in the insurance holding company and influencing its governance through board representation. Rogers Group is a Mauritian conglomerate, and the relationship anchors SWAN within the broader Rogers ecosystem.

SWAN operates the Swan Foundation as its corporate social responsibility arm. The foundation is listed as a distinct entity within the group's public disclosures, separate from its insurance, securities, and pension boards.