Breaking news today as established insurance-linked securities (ILS) investment managers Twelve Capital and Securis Investment Partners have announced their intention to merge, with the resulting ILS manager set to be a significant founder-led business with around $7.8 billion in assets under management.
Both sets of shareholders are set to remain fully invested in the combined business and this transaction is expected to realise a significant opportunity to combine talent, assets and infrastructure, broadening and deepening capabilities across both catastrophe bonds and private ILS investments.
The two companies said today that their combination “ensures continued alignment of interests as the merger preserves independence and a client-centric approach.”
The new partnership post-merger entity is set to be led by Urs Ramseier, co-founder of Twelve Capital, who becomes Chief Executive Officer.
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