Hudson Structured Capital Management Ltd. (doing its insurance investment business as HSCM Bermuda), the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, has continued to attract new investor capital in 2019, now reaching $1.7 billion of reinsurance and ILS in committed capital and assets under management.
Hudson Structured Capital Management was launched and began investing in 2016, having been established by ex-Goldman Sachs structured finance head Michael Millette.
The firm’s mandate is across all aspects of insurance and reinsurance linked returns, including ILS, collateralized reinsurance, insurtech and private debt.
HSCM also invests across many lines of re/insurance business, from casualty, to property & casualty, catastrophe risks and cyber, to name a few.
As of April 1st 2019, the manager’s insurance and reinsurance linked assets stood at $1.4 billion.
Attracting further investor interest and deploying more capital around the reinsurance renewals, HSCM has now increased its assets across its reinsurance and ILS funds to an impressive just over $1.7 billion, as of July 1st.
This takes the overall firm-wide assets at HSCM to a new high and passes a milestone at over $2 billion when the transportation investment strategy is also taken into consideration.
“In our search to invest in the best relative value opportunities across the re/insurance spectrum, we also provide our investors with a certain amount of diversification. Strong performance over the past two years in sectors including life & health and distribution finance more than offset catastrophe losses and have allowed our investors to take advantage of the current environment,” said Michael Millette, Managing Partner & Co-Founder of Hudson Structured Capital Management Ltd.
It’s an impressive story of growth, especially when you consider that during the two heavy ILS market loss years of 2017 and 2018 HSCM has been one of the few ILS and reinsurance investment managers to achieve continual growth.
The multi-line and structure reinsurance investment strategy employed by HSCM has helped to insulate its investors from the impacts of some of the worst catastrophe loss years on record.
As awareness of that spreads it will be interesting to see how the manager’s growth continues over the coming twelve months and beyond.