ILS Capital Management

Potential rotation of the investor base, along with continuing evolution in ESG and non-cat products, are set to be themes for the upcoming year.

The firm has grown beyond traditional ILS over the decade since its formation.

The Bermudian fund bought £280,000 of shares in the Lloyd’s investment platform.

ILS Capital Management has backed the launch of a new InsurTech incubator, Mltply, which will offer fronting and reinsurance capacity to start-ups as well as venture capital and infrastructure support.

The non-compete will not apply to ILS advisory, as takeover deal brings Willis Re Securities and Horseshoe under same parent.

The A rated platform is due to take on renewals from the firm’s 1609 Fund.

ILS Capital has invested seed capital in start-up InsurTech provider Pouch, which provides auto coverage for small businesses.

Trapped capital subdued the firm's overall fund return to a 1.6% gain, as primary insurance gains outweighed reinsurance losses.

Helios said the deal is part of a £60mn share offering to fund further Lloyd’s capacity acquisitions.

The approval gives ILS Capital the go-ahead to begin shifting to traditional reinsurance.

The manager will support Apollo’s auto-focused Ibott syndicate as well as a contingency vehicle.

The ILS manager is in the process of applying for a corporate member, sources said.