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Twelve Capital lifts ILS assets 11% to $3.1bn in Q1 2023

Catastrophe bond, insurance-linked securities (ILS) and reinsurance investment manager Twelve Capital has grown its asset base through the first-quarter of 2023, reaching a new level of $4.2 billion of firm-wide assets under management.

Given the firm invests across a number of areas of the insurance and reinsurance balance-sheet, including debt and equities, as well as insurance-linked securities (ILS), the figure for ILS specific assets under management is lower at $3.1 billion at the end of the period.

But it is ILS that has driven the growth, with Twelve Capital’s UCITS catastrophe bond fund the main driver.

At the end of 2022, Twelve Capital had $2.8 billion of ILS assets and $3.9 billion of firm-wide assets under management.


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