Twelve Capital
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The new fund launched earlier this year to invest in companies that are seeking to reduce their emissions.
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Martina Müller-Kamp will sit on the board of Twelve Capital’s holding company, while Caroline Clemetson and Andreas Knörzer join the board of Twelve Capita’s investment manager.
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The outcomes were better than the Swiss Re global cat bond index decline after the major hurricane.
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The Swiss ILS specialist pointed to potential impacts on Floodsmart, Florida indemnity and index-linked bonds.
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A flurry of selling in the secondary cat bond market is causing “weakness in pricing”, according to a note by Twelve Capital, as sources suggested investors are moving to free up capital for what is expected to be a bumper pre-hurricane season phase.
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The firm will look to grow its offerings on climate change and natural catastrophe risk.
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The fund will focus on later-stage investment in companies already known to Eos.
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Twelve Capital has promoted two executives to the new roles of co-managing partners to take on day-to-day management at the firm and head its group management committee.
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Daniel King-Robinson and Tobias Engeli have joined Twelve Capital from EFG Bank to work on sustainable and climate investing, which the firm said strengthened its ESG focus across portfolios for institutional clients.
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The company also appointed two senior distribution specialists to focus on expansion in the UK and the Nordic and Benelux regions.
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The executive was one of the Swiss bank’s most senior ILS executives and established their life fund.