Twelve Capital
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Significant start-up moves this month included Kathleen Faries and Julia Henderson joining Lavant and Piers Cantlay signing up to join McGill.
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The new board composition is seen as a catalyst for the future growth of the group.
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The fund expanded its distribution efforts in the two main Australasian countries last year.
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The firm will shift its private ILS strategies away from diversifying perils. -
The CEO stressed that ILS’ non-correlated nature makes it an attractive asset class in periods of financial instability.
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Plenum’s CEO said the hire of Grieger and a SocGen credit research leader will “unleash significant potential” by adding insurance bond capabilities.
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Founding partner of Twelve Capital Sandro Kriesch said he does not expect many ILS funds to “be on the hook” for Covid BI losses.
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Quota share and aggregate-property cat contracts are under watch as a result of the recent Australian bushfires but occurrence covers will probably remain mostly unscathed, sources expect.
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The exposure to this transaction across private ILS strategies varies from 1.7 percent to 1.9 percent of November's portfolio, the manager said.
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Artex reserved for an 8 percent loss to the $18mn aggregate retro transaction, a BSX note said
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Managing director Philipp Graf said the new arrangement with Allen Partners would bring the full suite of Twelve’s products to institutional investors in Australia and New Zealand.
