Swiss Re Insurance-Linked Fund Management

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Leadenhall adds two hires, ILS assets managed reach $2.25bn


Specialist insurance and reinsurance linked investment manager Leadenhall Capital Partners LLP has added two new hires to its portfolio management team, strengthening both non-life and life teams, while also reaching a new milestone for ILS assets under management at $2.25 billion.

Leadenhall hired Joel Milnes on the non-life side at the end of October, Milnes has spent more than four years at Markel International, working in the insurance and reinsurance pricing team with a primary focus on Marine and Specie, Energy, Financial Risk, Motor Reinsurance and Terrorism risk lines of business.

Previously, Milnes worked in Econometrics at Lloyd’s Banking group and gained a MSc. in Financial Mathematics from the university of Leeds. He is a trainee actuary and a BSc. Graduate of the University of Bath.

Craig Gillespie was added to the Life Investments team at Leadenhall Capital Partners in mid-November, following six years working with reinsurance firm Swiss Re in London. Gillespie has actuarial experience gained in the origination of capital solutions for UK life insurers and costing of longevity risk transfer transactions.

Gillespie qualified as a Fellow of the Institute and Faculty of Actuaries in 2012 specialising in life insurance. He is a graduate of Heriot-Watt University with First Class Honours in Actuarial Science and completed a year long exchange in Actuarial Studies at the University of Melbourne.

As well as adding these two new hires to deepen expertise and resource on both the non-life and life ILS investment and portfolio management side, Leadenhall has also increased its assets under management, raising new capital from third-party investors in recent months.

Leadenhall’s ILS assets under management were reported as $2.0077 billion as at 24th August, but the figure had grown to $2.25 billion as at the 1st November 2015.

The addition of more expertise will help to put this capital to work effectively for Leadenhall’s investors and it will be interesting to see whether the ILS manager can grow further with the key January renewals on the horizon.

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