Twelve Securis is combining its catastrophe bond and private ILS focused investment teams, to consolidate and optimise its approach to managing dedicated strategies and blended portfolios, while at the same time the firm also stated that long-standing senior employee Etienne Schwartz is departing the firm.
Twelve Securis, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, is bringing responsibilities for analytics, portfolio and investment management of both cat bonds and private ILS together now, seeing this as a more efficient approach.
The company manages the largest UCITS cat bond fund at over US $4.65 billion, other cat bond mandates, as well as fund strategies that are more focused on private ILS. But all of these funds still have a cat bond component, for liquidity purposes, while Twelve Securis also has multi-asset strategies focused on other insurance and reinsurance assets such as credit or debt, that also incorporate cat bonds.
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