Securis Investment Partners

The ILS manager leaderboard demonstrates the ongoing popularity of cat bonds.

The combined Twelve-Securis entity would be a top-five ILS firm currently.

Urs Ramseier will be CEO and Herbie Lloyd CIO.

The Swiss Re veteran left her former employer last year.

Various trends may work together to hold the cat markets up for longer than some had feared.

A diverse investor base is among market characteristics seen as important for growth.

The ILS professional had served as a co-CIO since 2019.

The allocation last autumn amounted to around 1.4% of the investment manager’s total funds under management.

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

The manager has made four appointments including two internal promotions.

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

The distribution arrangement will cover Securis's full range of ILS offerings.

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

The executive spent the past 10 years working for Scor Investment Partners.

The ILS firm’s CEO Nilsen said life ILS was “poised for growth in a higher interest rate environment”.

Some might see the ILS sector as more institutionalised compared to personality-driven hedge funds, but there is little doubt that the original generation of ILS leaders will be hard to replace.

The investor has significantly cut back its allocation over the past few years.

The underwriter had worked with the ILS firm since 2018.

Could a back-to-basics approach see ILS firms shun Lloyd's advantages for lower-cost alternatives?

The pension decided to invest in ILS in 2018 allocating 1.5% of the £1.9bn fund to Securis.

The manager is now the sixth specialist ILS firm to join the SBAI.

The firm is planning to expand the Bermuda team in 2020.

The scheme now holds £41.2mn via Securis, compared with £98.1mn last year.

The NAV per share has dropped by 2.6 percent since the turn of the year.

The manager gained approval from a majority of investors in its Guernsey-listed Securis I fund to implement side pocket shares.

Investors sought to redeem about $200mn in 2019 from the shrinking Securis I fund, but the London manager has grown its lower-risk non-life fund.

The Securis SPA faced the highest deterioration in underwriting losses as Nephila and Arcus both improved their combined ratios.

The co-founder had moved from the CEO role to chief investment officer last April.

The decision followed a review of the primary insurance business written at each carrier.

January 2018 opened the year of the “great reload” for ILS managers.

January renewals were creaking into order in December after the wildfires locked up the process.

The exit comes ahead of Lloyd’s closure of SPA 6129.

CEO Vegard Nilsen said direct capital provision at Lloyd's didn't meet its return targets.

The BBC pension scheme has returned to the ILS market for 2018 after pulling out several years ago.

The ILS manager is likely to revisit plans to launch full syndicate at a later stage.

Many ILS entrepreneurs have already successfully cashed out.