Leadenhall Capital Partners

Japanese firm MS&AD acquired 80% of ILS manager Leadenhall Capital Partners in 2019 from another affiliate.

Sources have said $1bn+ of fresh capital from the region is expected to be deployed in 2026.

Brian Hickey joins the firm from PE specialist AE Industrial Partners. 

Investors eyeing private ILS include opportunistic allocators keeping watch on storm season.

The investment is a response to shifts in stock-bond correlations.

The CEO said private ILS funds can generate additional returns of 10%-20%.

Barthelemy Thomas joins from PartnerRe Capital Management in Zurich

The ruling indicated it was unlikely all claims would be dismissed, as defendants had requested.

The ILS manager has hit back at an attempt by the defendants to have the case dismissed.

The class of 2023-24 cat bond funds will grow existing investors and add new ones.

LCP said the suit aims to frustrate its efforts to enforce contractual rights.

In an amended complaint, the ILS manager claims A-Cap has exerted control beyond its equity interests.

The timing is “opportune” to start the strategy according to Bennelong.

Leadenhall first filed its lawsuit against 777 Partners in May this year.

The capital will be allocated to a pure cat bond strategy, sources have confirmed.

Both vehicles’ credit ratings outlook was also deemed as stable.

The ILS manager claims that 777 Partners “double-pledged” collateral.

The pension fund’s ILS allocation as of the end of 2023 was CHF300.3mn ($356.8mn).

ILS could benefit from focusing on the social aspect of ESG.

There are currently 16 deals in the market.

Leadenhall Capital Partners (LCP) has named Yuko Hoshino as senior managing director for Japan and Asia within its business development team.

A market-wide loss of $700mn would amount to around 15% of the total amount of life ILS assets under management .

The partnership aims to provide ILS strategies to institutional investors in Australia and New Zealand.

The project which began last year in Zurich has now expanded to a group standing for $29bn of ILS assets under management globally.

The life segment has shifted from its genesis in mortality and morbidity risk transfer as lapsed risk deals have proliferated.

The manager’s life & alternative credit segment invested in the reverse mortgage specialist.

The headline market drop in AuM belies a more lively growth story for funds operating outside of the ILS major league.

CEO Luca Albertini has no immediate plans to step down but the firm said the promotion provided clarity on succession plans.

The ILS fund said the funding would support the company’s growth prospects.

M Best affirmed its rating of A on the Leadenhall-affiliated platform, which it said plans to increase open market business to take advantage of rising rates.

The Leadenhall co-founder was recognised alongside other winners including Ontario Teachers Pension Plan and Aon Capital Advisory.

The ILS CEO spoke about growth opportunities at Trading Risk’s London ILS conference

The pair have helped to lead the life and alternative credit team since January 2020.

Amy Green is now associate non-life portfolio management and research, after new hires in the firm’s London-based life team as well.

NatWest cited a reduction in relative risk-adjusted returns as it decreased allocations, while North Yorkshire reported outperformance across its trio of ILS investments.

The latest generation of ILS-backed rated fronting platforms is looking more “ILS-y” due to their ownership structures.

The vehicle will launch with $200mn of equity contributed by all the manager's ILS funds.

Underwriting results and ESG principles should be aligned and more information will be sought from counterparties, the ILS manager said.

The $20bn fund has 2% of its assets allocated to ILS, equal to about $400mn.

The firm expects AuM “well above” that level in early 2021 despite upcoming redemptions, after growing $600mn since July.

He will replace Hamza Khan, who left the firm for personal reasons, Trading Risk can reveal.

Schroders and Leadenhall Capital Partners have participated in a $31mn (A$43mn) fundraise for Australian life insurance provider Integrity Life.

The ILS manager is discussing public solutions and expects demand to emerge.

The present crisis will bring challenges for the ILS market, but it should be more positive than negative, CEO Albertini says.

Deputy CIO Dan Knipe is setting up a new credit platform.

The Denver-based health insurance company plans to push individual and small group health insurance plans.

Phil Kane has been appointed senior credit officer, reporting to CEO Luca Albertini.

Panellists at Trading Risk’s conference in New York said they were adopting a wait-and-see approach to Lloyd’s Blueprint One proposals intended to make it easier for ILS managers to participate in the market.

The London-based fund becomes the SBAI’s fifth specialist ILS member.

CEO Luca Albertini said the proposals it had submitted were not a straightforward example of “syndicate in a box” or “follow-form” syndicates.

It holds $241mn in catastrophe reinsurance after lifting its allocation in 2018.

The fund has also hired a deputy risk manager to join its London office.

The bank will provide depositary services for Leadenhall’s UCITS ILS Fund.

Winners were recognised at the 11th Trading Risk Awards ceremony, held in London last night.

Swiss funds active in ILS recorded stable or slightly increased allocations after 2017’s losses.

It is “probably one of the best times to invest” in ILS, according to Leadenhall Capital Partners CEO Luca Albertini.

The Leadenhall Capital Partners CEO tells Trading Risk’s London ILS conference how he hopes changes in Lloyd’s will create further opportunities.

Mitsui Sumitomo Insurance (MSI) now owns 80 percent of Leadenhall Capital Partners after taking over the holding from its international subsidiary MS Amlin.

The ILS manager also revealed more detail on the limits written through MS Amlin.

The Japanese conglomerate has assumed the majority holding in Leadenhall from its international (re)insurance brand.