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 52 insurance linked securities investment managers included in the directory now stands at *:
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) | $4 billion | 4 |
| AIM Capital | Helsinki, Finland | Jan 2012 | $160 million | 0.16 |
| AlphaCat Managers | Bermuda | 2008 | $3.5 billion | 3.5 |
| Alpina Fund Management | Luxembourg | 1988 (formerly Falcon Fund Management Luxembourg) | $56.6 million | 0.0566 |
| Amundi Pioneer | 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 | $850 million | 0.85 |
| Asuka Asset Management Co., Ltd | Bermuda | Oct 2012 | $22 million | 0.022 |
| AXA Investment Managers Paris | Paris, France | Sep 2007 | $1.077 billion | 1.077 |
| AXA XL ILS Capital Management | Bermuda | 2013 | $1.2 billion | 1.2 |
| AXIS Re Ventures | Bermuda | Dec 2013 | $1 billion | 1.0 |
| Credit Suisse Insurance Linked Strategies Ltd. | Zurich, Switzerland | Nov 2003 | $5.2 billion | 5.2 |
| Elementum Advisors, LLC | Chicago, IL | Dec 2009 | $4.5 billion | 4.5 |
| Entropics Asset Management AB | Stockholm, Sweden | Autumn 2014 | $30 million | 0.03 |
| Eskatos Capital Management | Luxembourg | Apr 2008 | ~$200 million | 0.2 |
| Fermat Capital Management, LLC | Westport, Connecticut U.S.A. | Aug 2001 | $7.5 billion | 7.5 |
| 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 | $1.5 billion | 1.5 |
| Hudson Structured Capital Management Ltd. | Stamford / Bermuda | 2016 | $3 billion | 3 |
| ILS Advisers | Hong Kong | Feb 2012 | $212 million | 0.212 |
| ILS Capital Management Ltd | Hamilton, Bermuda | Jul 2011 | $270 million | 0.27 |
| Integral ILS Ltd. | Bermuda | Jul 2020 | $675 million | 0.675 |
| Invesco | New York | June 2008 (dedicated cat bond strategy) | $530 million | 0.530 |
| K2 Advisors | Stamford, CT | Jul 1994 | $936 million | 0.936 |
| Lancashire Capital Management Limited | Bermuda | Jun 2013 | $600 million+ | 0.6 |
| Leadenhall Capital Partners LLP | London | Nov 2008 | $6.6 billion | 6.6 |
| Leine Investment | Luxembourg | Oct 2012 | $200 million | 0.2 |
| LGT ILS Partners Ltd. | Pfaeffikon, Switzerland | May 2001 (LGT as from June 2012) | $8.2 billion | 8.2 |
| Link Specialty Re, Ltd. (Link Re) | Bermuda | May 2013 | $40 million | 0.04 |
| Lodgepine Capital Management Limited | Bermuda | September 2019 | $100m | .1 |
| Markel CATCo Investment Management | Bermuda | Jul 2010 | $1 billion | 1 |
| Merion Square Capital LLC | Pennsylvania | Dec 2018 | $150 million | 0.150 |
| Mt. Logan Re Ltd. | Bermuda | Jan 2013 | $877 million | .877 |
| Nephila Capital | Bermuda | Nov 1997 | $9.3 billion | 9.3 |
| Neuberger Berman ILS | New York and Bermuda | 2009 | >$2 billion | 2 |
| 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 | $410 million | 0.410 |
| Plenum Investments Ltd. | Zurich, Switzerland | Sep 2010 (launch ILS business) | $475 million | 0.475 |
| Quantedge Capital Pte Ltd | Singapore | 2011 (Began investing in ILS) | $400 million | 0.4 |
| RenaissanceRe Capital Partners | Bermuda | 1993 | $6.4 billion | 6.4 |
| Schroder Investment Management | London | Jun 2008 | $4 billion | 4 |
| SCOR Investment Partners | Paris, France | Sep 2011 | $2.9 billion | 2.9 |
| Securis Investment Partners LLP | London | Oct 2005 | $4.6 billion | 4.6 |
| Stone Ridge Asset Management | New York | 2012 | $4.9 billion | 4.9 |
| Sussex Capital | Bermuda | Dec 2017 | $525 million | 0.525 |
| Swiss Re | Zurich | 2007 (began managing capital via Sector Re sidecar) | $2.9 billion | 2.9 |
| Tangency Capital Ltd. | London | May 2018 | $415 million | 0.415 |
| Tenax Capital | London | 2004 (ILS strategy launched in 2017) | $63 million | 0.063 |
| Twelve Capital AG | Zurich, Switzerland | July 2010 | $3.9 billion | 3.9 |
*Note: Assets under management are prone to fluctuation so the figures here are either the best available or last submitted by included managers.
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