Twelve Capital, the Zurich-headquartered insurance-linked securities (ILS), disaster bond and reinsurance funding supervisor, has reached a brand new milestone when it comes to third-party belongings beneath administration, surpassing $4 billion for the very first time throughout its cat bond and ILS portfolios.
With a greater than 14 yr historical past of insurance coverage and reinsurance-linked funding administration, Twelve Capital is among the most well-known names within the house and has been steadily rising its cat bond and ILS belongings beneath administration lately.
Specifically, Twelve Capital has had vital success with its disaster bond methods, with its UCITS cat bond fund one of many largest within the market at presently greater than US $3.1 billion in dimension.
With extra cat bond belongings in different funds and mandates, in addition to non-public ILS investments, similar to collateralized reinsurance and retrocession, these make up the distinction to the now over US $4 billion in ILS belongings beneath administration, as of September thirtieth 2024.
Twelve Capital additionally affords its shoppers investments throughout the insurance coverage and reinsurance balance-sheet, with fund methods that allocate to subordinated debt, insurance coverage non-public credit score bonds, and in addition equities within the house.
In whole, throughout the $4 billion in ILS and different re/insurance coverage linked funding methods that Twelve Capital affords, its total AUM now stands at US $5.2 billion.
Urs Ramseier, CIO & Founding Accomplice of Twelve Capital instructed us, “We’re completely satisfied to announce that we now have reached a key milestone of USD 4 billion in our ILS technique, out of whole USD 5.2bn. This achievement displays the belief and confidence our shoppers have positioned in us, in addition to the dedication and experience of our group.
“We stay dedicated to delivering value-driven outcomes and sustaining our disciplined strategy as we proceed to develop and navigate the evolving market panorama.
“The deliberate merger with Securis will additional broaden and deepen our experience and providing.”
When Twelve Capital and Securis Investment Partners announced their intention to merge earlier this year, the mixed entity was anticipated to end in an funding supervisor with US $7.8 billion in third-party belongings at its command.
Now, with Twelve Capital having continued to extend its cat bond and ILS associated belongings, it appears the mixed funding administration entity could possibly be even bigger, in AUM phrases, when the merger completes later this yr.
Twelve Capital has elevated its cat bond and ILS AUM by 11%, or $400 million, to date in 2024, from $3.6 billion on the finish of 2023, to the now $4 billion as of the tip of September 2024.
Twelve Capital is simply one of many ILS funding managers featured in Artemis’ directory of insurance-linked securities (ILS) fund managers.
