Swiss Re Insurance-Linked Fund Management

Mt. Logan Capital Management, Ltd.

Twelve Securis

The Artemis Insurance-Linked Securities Investment Managers & Funds Directory is a one-stop resource for information on insurance or reinsurance linked investment managers and their ILS fund strategies.

Twelve Securis - snapshot

  • ILS manager or company name: Twelve Securis
  • Location (HQ / Domicile): Zurich, Switzerland and London, UK
  • Date of launch: 2010 (Twelve Capital) and 2005 (Securis Investment Partners)
  • Assets under management *: $8.2 billion (ILS AuM as at Jun 30th 2025. Firm-wide AuM $9.6 billion)
  • Website link: Twelve Securis website

Twelve Securis - Details

The Twelve Securis Group consists of several regulated entities including two Investment Managers:

  • Twelve Capital AG
    • Location (HQ / Domicile): Zurich, Switzerland
    • Date of launch: July 2010
  • Securis Investment Partners LLP
    • Location (HQ / Domicile): London, UK
    • Date of launch: Oct 2005
Company profile:

We provide investors across the globe access to an expanding asset class that enhances portfolio diversification and offers attractive risk premia with limited correlation to traditional financial markets.

Twelve Securis, originated from the merger of Twelve Capital and Securis Investment Partners, is a leading, founder-led business and one of the largest, most experienced insurance-focussed investment managers globally. Our independent approach ensures alignment with our diversified institutional investor base. We specialise in Cat Bonds and Private ILS – with an investment team expert in capital markets, catastrophe risk modelling, and reinsurance underwriting, we deliver research-driven fund offering and tailored solutions designed to meet each client’s specific goals.

With a commitment to transparency, innovation, and collaboration, Twelve Securis is shaping the future of insurance-related investments, offering clients diversification and attractive risk-adjusted returns.

We have offices in Zurich, London, Munich, Bermuda and Tokyo.

Team size and structure:

Over 90 experienced professionals (as at 30 June 2025).

Offers private managed accounts?

Yes

Strategy:

Twelve Securis offers investors a diversified suite of insurance-related investments, including Cat Bonds, Private ILS, Insurance Bonds, Insurance Private Debt, and Multi Asset portfolios.

Each product carries distinct risk and return characteristics, aiming to capture alternative risk premia associated with the (re)insurance sector. With deep domain knowledge and specialised expertise, Twelve Securis is ideally positioned to deliver these tailored solutions.

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  • Cat Bonds allow investors to access (re)insurance risks, offering diversification and low correlation with traditional asset classes along with historically attractive spreads. Twelve Securis manages Cat Bond portfolios in UCITS format and also provides custom mandates tailored to the specific risk profiles and return objectives of institutional clients. Our dedicated team uses proprietary data and risk models to evaluate and manage these portfolios, aiming to optimise risk-adjusted returns.
  • Private Insurance-Linked Securities (ILS) strategy provides access to tailored, private (re)insurance transactions that are unavailable in public markets. These cover diverse (re)insurance risks, often offering higher yields than Cat Bonds due to their bespoke structures and associated illiquidity premiums. Twelve Securis leverages deep industry relationships and geographical reach to source, structure, and negotiate unique transactions, ensuring investors benefit from a wide range of risk exposures across global geographies and catastrophe types.
  • Insurance Bonds are a traditional Fixed Income offering focused exclusively on debt issued by insurance companies. Our actively managed Insurance Bond strategy capitalises on liquid, investment-grade opportunities across global markets with a focus on Europe.
  • Insurance Private Debt strategy addresses the growing solvency capital needs of smaller insurers, primarily in Europe. In a sub-sector characterised by very high barriers to entry, Twelve Securis unparalleled sector focus and balance sheet approach allows for successfully source transactions and assess risks.

Disclaimer:

The Artemis Insurance-Linked Securities Investment Managers & Funds Directory is provided as-is. Best efforts are made to ensure the contents are accurate at the time of publication but there may be some omissions. Please contact Artemis should you require a change to your ILS manager listing.

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