Twelve Capital AG
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 Capital AG - snapshot
- ILS manager or company name: Twelve Capital AG
- Location (HQ / Domicile): Zurich, Switzerland
- Date of launch: July 2010
- Assets under management *: $4 billion (AuM as at 31 Dec 2018, ILS AuM $1.7bn)
- Website link: Twelve Capital AG website
Twelve Capital AG - Details
Company profile:
Twelve Capital is an independent investment manager specialising in insurance investments for institutional clients. We are also a leading provider of capital to the insurance and reinsurance industry. Our investment expertise covers the entire insurance balance sheet, including Insurance Bonds, Insurance Private Debt, Catastrophe Bonds, Private Insurance-Linked Securities and Insurance Equity. We also compose portfolios of our Best Ideas. Our capital solutions are drawing the world of insurance and reinsurance into a closer, more productive relationship with capital markets.
Twelve Capital was founded in 2010 and is majority owned by the founding members and partners. Twelve Capital employs over 40 experienced professionals, with offices in Zurich and London. The client base includes public and corporate pension funds, banks, corporations, fund of funds and family offices.
Team size and structure:
Almost 50 experienced professionals (as at Dec 2018)
Offers private managed accounts?
Yes
Strategy:
We solely focus on insurance investments covering the entire insurance balance sheet, including Insurance Bonds, Insurance Private Debt, Catastrophe Bonds, Private Insurance-Linked Securities and Insurance Equity.
The investment objectives for our ILS strategies can be summarized as follows:
- Offer investments which exhibit low correlation to all major traditional asset classes
- Deliver stable and attractive risk-adjusted returns
- Provide best possible downside protection while at the same time generating consistent and sustainable out-performance
- Offer to investors a level of liquidity commensurate to the underlying assets
Twelve Capital believes that achieving stable, sustainable absolute returns require deep industry knowledge combined with superior sourcing, analysis and pricing competencies as well as portfolio and risk management capabilities.
Our investors benefit from our team’s significant experience in the insurance sector as well as capital markets, including in-depth expertise in deal sourcing, analytics, structuring and risk management.
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 listing.
This material has been furnished to you solely upon request and may not be reproduced or otherwise disseminated in whole or in part without prior written consent from Twelve Capital AG, Twelve Capital (UK) Limited or their affiliates. The information herein is based solely on the opinions of Twelve Capital and includes information based on estimates and should in no circumstances be relied upon. All information and opinions contained in this document may be subject to change without notice. Source for all data and charts (if not indicated otherwise): Twelve Capital. Twelve Capital does not assume any liability regarding incorrect or incomplete information (whether received from public sources or whether prepared internally or not).This material does not constitute a prospectus, a request/offer, nor a recommendation of any kind, e.g. to buy/subscribe or sell/redeem investment instruments or to perform other transactions. The investment instruments mentioned herein involve significant risks including the possible loss of the amount invested. Past performance is no indication or guarantee of future performance. The products and services described herein are not available nor offered to US persons and may not (and will not) be publicly offered to persons residing in any country restricting the offer of such products or services. In particular, any products have not been licensed by the Swiss Financial Market Supervisory Authority (the “FINMA”) for distribution to non-qualified investors pursuant to Art. 120 para. 1 to 3 of the Swiss Federal Act on Collective Investment Schemes of 23 June 2006, as amended (“CISA”). Accordingly, pursuant to Art. 120 para. 4 CISA, the investment instruments may only be offered and this material may only be distributed in or from Switzerland to qualified investors as defined in the CISA and its implementing ordinance. Further, the investment instruments may be sold under the exemptions of Art. 3 para. 2 CISA. Investors in the investment instruments do not benefit from the specific investor protection provided by CISA and the supervision by the FINMA in connection with the licensing for distribution. Where distribution is to EU members states such distribution is carried out by Twelve Capital (UK) Limited in accordance with the terms or its authorisation and regulation by the Financial Conduct Authority. Twelve Capital AG is incorporated in Switzerland, registered number 130.3.015.932-9, registered office: Dufourstrasse 101, 8008 Zurich. Twelve Capital (UK) Limited is Incorporated in England & Wales: company number 08685046, registered office: Moss House, 15-16 Brook’s Mews, London, W1K 4DS and is also registered as a Commodity Pool Operator by the Commodities Futures Trading Commission in the United States of America.
*Note: Assets under management are prone to fluctuation so the figures here are either the best available or last submitted by included managers. There is an element, albeit small, of insurance debt within this combined AuM.
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