Securis Investment Partners

The life segment has shifted from its genesis in mortality and morbidity risk transfer as lapsed risk deals have proliferated.

The executive spent the past 10 years working for Scor Investment Partners.

The ILS firm’s CEO Nilsen said life ILS was “poised for growth in a higher interest rate environment”.

Some might see the ILS sector as more institutionalised compared to personality-driven hedge funds, but there is little doubt that the original generation of ILS leaders will be hard to replace.

The investor has significantly cut back its allocation over the past few years.

The underwriter had worked with the ILS firm since 2018.

Could a back-to-basics approach see ILS firms shun Lloyd's advantages for lower-cost alternatives?

The pension decided to invest in ILS in 2018 allocating 1.5% of the £1.9bn fund to Securis.

The manager is now the sixth specialist ILS firm to join the SBAI.

The firm is planning to expand the Bermuda team in 2020.

The scheme now holds £41.2mn via Securis, compared with £98.1mn last year.

The NAV per share has dropped by 2.6 percent since the turn of the year.