ILS fund and reinsurance linked investment manager ILS Capital Management is changing its name to Resolute Global Partners, as it expands its scope of investment to include more insurance and reinsurance related opportunities.
“The firm’s decision to rebrand follows the growth of its strategic partnerships and the addition of new business lines over the past several years, significantly expanding the scope of its investments beyond traditional insurance-linked securities,” the company explained today.
Resolute Global Partners has developed a broad approach to sourcing insurance and reinsurance linked returns, from what we’d consider more traditional ILS and collateralized reinsurance, to insurtech investments and other equity investment opportunities, or partnerships.
Today’s announcement of a name change coincides with the 10th anniversary of the founding of the firm by insurance industry veteran Don Kramer.
“As we execute an attractive, well-balanced portfolio of insurance and reinsurance risk, we continue to pursue new opportunities, build relationships, and create value for our investors,” explained Tom Libassi, Co-Founder and Managing Partner of Resolute Global.
Libassi also said, “We believe that, given our expanded strategic partnerships and investment scope, our new name, which reflects our focus on innovative solutions with a nod to our proud reinsurance heritage, enables us to better represent to all of our stakeholders who we are and what we do.”
Resolute Global aims to find and support niche opportunities in the insurance and reinsurance market using its strong industry relationships, underwriting and actuarial experts, and market knowledge to gain an investment edge.
The investment company partners with insurance providers to design innovative solutions and aims to drive value for its investors through a diversified portfolio that is uncorrelated with traditional assets, Resolute Global explained.
The company now employs over 300 people across its organization and strategic partnerships, with offices in Hamilton, Bermuda; London; Stamford, Connecticut; Chicago, Illinois; and Jacksonville, Florida
Strategic partners include the collateralized reinsurer ILS Capital founded named Prospero Re, insurer Producer’s National Corporation (PNC), insurtech’s MTPLY, Pouch Insurance and Stable Insurance, as well as Evolution Risk, Arrow Agency, Lloyd’s specialist investor Helios Underwriting plc., and Lloyd’s corporate member RGP.
ILS Capital was always about more than just ILS investing, having long-established itself with a broader view than just catastrophe reinsurance risks, while seeking to partner with risk origination teams and other ventures in the space it felt it could add value to and make a return by investing in.