Insurance
Home›Insurance›Industry & Deals›Embassy’s Ambassador cat bond mutual fund nears $1 bil…
Embassy’s Ambassador cat bond mutual fund nears $1 billion AUM
The fund was structured under the US 1940 Act mutual fund rules and posted an 11.6% return for the last year ended Oct. 31, 2025.
Artemis reports that Embassy Asset Management’s Ambassador US mutual fund strategy, which allocates capital to catastrophe bonds and private insurance linked securities, has nearly reached a $1 billion AUM milestone.
According to Artemis, the strategy operates under US 1940 Act mutual fund rules and had grown from just over $700 million in AUM by January 2026.
Artemis also said that the fund’s last reported return was 11.61% for the last year ended Oct. 31, 2025, and that it reached almost $923 million in total net assets by July 31, 2026.