Swiss Re Insurance-Linked Fund Management

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Insurance Linked Securities Investment Managers & Funds Directory

The Insurance Linked Securities (ILS) Investment Managers & Funds Directory provides information on the ILS and reinsurance sectors insurance linked investment managers and details of their ILS investment strategies. The list also includes alternative capital or ILS assets under management at leading reinsurance firms, where available.

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Combined ILS assets under management (AuM)

The total AuM of the 50 insurance linked securities investment managers included in the directory now stands at *:

$ 106.2 billion

Help us keep this resource up to date. If you represent an ILS manager or ILS fund that we don't have listed or if you want to make an update to your listing, please contact us.

Name Location (HQ / domicile) Date of launch Assets *
Aeolus Capital Management Ltd Hamilton, Bermuda 2006 (current status from 2011) $3.5 billion 3.5
AIM Capital Helsinki, Finland Jan 2012 $160 million 0.16
Aizawa Asset Management Co., Ltd Bermuda Oct 2012 $22 million 0.022
AlphaCat Managers Bermuda 2008 $3.3 billion 3.3
Alpina Fund Management Luxembourg 1988 (formerly Falcon Fund Management Luxembourg) $56.6 million 0.0566
Amundi US Boston, MA 1928 ~$2 billion 2.0
Arch Underwriters Ltd. Bermuda 2006 $1.7 billion 1.7
Aspen Capital Markets New York / Bermuda Apr 2013 $999.2 million 0.999
AXA Investment Managers Paris Paris, France Sep 2007 $1.086 billion 1.086
AXA XL ILS Capital Management Bermuda 2013 $1.2 billion 1.2
AXIS ILS Bermuda Dec 2013 $1 billion 1.0
Azimut Investments SA Luxembourg Apr 2008 ~$255 million 0.255
Chard Re Investment Management UK 2019 $350m .35
Credit Suisse Insurance Linked Strategies Ltd. Zurich, Switzerland Nov 2003 $5.2 billion 5.2
Elementum Advisors, LLC Chicago, IL Dec 2009 $4.25 billion 4.25
Entropics Asset Management AB Stockholm, Sweden Autumn 2014 $30 million 0.03
Fermat Capital Management, LLC Westport, Connecticut U.S.A. Aug 2001 $8.9 billion 8.9
Gildenbrook Capital Management Ltd. British Virgin Islands, Bermuda, Singapore Jan 2021 $850 million 0.85
Hampden Insurance Partners Management (Cayman) Limited George Town, Grand Cayman October 2014 $632.2 million 0.6322
Hiscox ILS Bermuda Jan 2014 $1.9 billion 1.9
Hudson Structured Capital Management Ltd. Stamford / Bermuda 2016 $3 billion 3
ILS Advisers Hong Kong Feb 2012 $212 million 0.212
Integral ILS Ltd. Bermuda Jul 2020 $1.4 billion 1.4
K2 Advisors Stamford, CT Jul 1994 $936 million 0.936
Lancashire Capital Management Limited Bermuda Jun 2013 Not disclosed 0
Leadenhall Capital Partners LLP London Nov 2008 $6.2 billion 6.2
Leine Investment Luxembourg Oct 2012 $200 million 0.2
LGT ILS Partners Ltd. Pfaeffikon, Switzerland May 2001 (LGT as from June 2012) $7.5 billion 7.5
Link Specialty Re, Ltd. (Link Re) Bermuda May 2013 $40 million 0.04
Markel CATCo Investment Management Bermuda Jul 2010 $825 million 1
Mt. Logan Re Ltd. Bermuda Jan 2013 $900 million .900
Nephila Capital Bermuda Nov 1997 $7.8 billion 7.8
Neuberger Berman ILS New York, Bermuda, and London 2009 >$2.8 billion 2.8
PartnerRe Bermuda Formalised third-party capital unit in 2020 $1.1 billion 1.1
Peak Capital Ltd. Bermuda Dec 2017 (formerly Lutece Investment Management Ltd.) <$500 million 0.5
Pillar Capital Management Limited Bermuda Jun 2008 $2.4 billion 2.4
PIMCO LLC Newport Beach, CA June 2019 $775 million 0.775
Plenum Investments Ltd. Zurich, Switzerland Sep 2010 (launch ILS business) $760 million 0.760
Quantedge Capital Pte Ltd Singapore 2011 (Began investing in ILS) $400 million 0.4
RenaissanceRe Capital Partners Bermuda 1993 $6.32 billion 6.32
Resolute Global Partners Hamilton, Bermuda Jul 2011 $270 million 0.27
Schroder Investment Management London Jun 2008 >$4 billion 4
SCOR Investment Partners Paris, France Sep 2011 $3 billion 3
Securis Investment Partners LLP London Oct 2005 $4.6 billion 4.6
Stone Ridge Asset Management New York 2012 $4.5 billion 4.5
Sussex Capital Bermuda Dec 2017 $525 million 0.525
Swiss Re Zurich 2007 (began managing capital via Sector Re sidecar) $3.2 billion 3.2
Tangency Capital Ltd. London May 2018 $650 million 0.65
Tenax Capital London 2004 (ILS strategy launched in 2017) $77 million 0.077
Twelve Capital AG Zurich, Switzerland July 2010 $3.7 billion 3.7

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