Specialist insurance-linked securities (ILS) manager Twelve Securis has announced the launch of its new Mosaic ILS Fund, jointly developed with Swiss private bank, Union Bancaire Privée (UBP), building on their established working relationship.
The Mosaic ILS Fund will be managed by Twelve Securis and UBP will act as strategic partner in both the development and distribution of the strategy. The fund follows a multi-segment ILS approach, and will invest across catastrophe bonds and private ILS strategies.
According to the companies, the diversified construction of the new fund is designed to take advantage of attractive market opportunities while at the same time actively managing insurance and reinsurance cycles. The partnership will leverage Twelve Securis’ specialist ILS and investment capabilities with UBP’s strong distribution platform and access to clients.
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