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Embassy Asset Managements Ambassador cat bond fund nears $900m
The fund reported almost $893 million in net assets at the start of July, with catastrophe bonds making up just over $658.3 million as of April 30.
Artemis reports that Embassy Asset Managements Ambassador US mutual fund strategy, which invests in catastrophe bonds and private insurance linked securities it describes as largely industry loss warranty, has grown to nearly $900 million in assets. The strategy reached approximately $893 million in net assets at the start of July, after standing at almost $839 million as of April 30, 2026.
According to Artemis, the funds net assets imply roughly 60% growth over about one year since July 2025. At the April 30 reporting date, catastrophe bond investments were just over $658.3 million, about 87% of the portfolio investments.
Artemis also said Embassy increased its exposure to private industry loss warranty type collateralized reinsurance deals under the Consulate Re structure, with those preferred note investments rising to almost $107 million at the end of April 2026. That compares with $75.2 million reported for January 31, and Artemis described the Consulate Re positions as helping diversify the funds portfolio and access privately negotiated ILW contracts.