Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Northill Capital acquires controlling interest in Securis Investment Partners


Northill Capital LLP, an investment business who provide equity or seed capital to high quality start-up or early stage investment managers has acquired a controlling interest in London based insurance-linked securities investment fund manager Securis Investment Partners. It’s the first large acquisition by Northill Capital and see’s them buy out original Securis investors Swiss Re and Stone Point Capital, as well as acquire some of the founders of Securis’ stakes in the business.

Securis Investment Partners specialises in creating insurance-linked investment opportunities by transacting private deals to create securities in both the life and non-life insurance sectors. They recently grew their exposure to non-life risks in the January renewals. Securis’ strategy is to deliver capital appreciation and low volatility returns uncorrelated to traditional asset classes. Since inception, Securis’ flagship fund ‘Securis I’, has continued to achieve excellent returns for investors. They target around 12% return per annum, and have averaged 10.35% per annum since the firm launched.

Securis manages over $1 billion of Insurance Linked Securities [ILS] across various Life and non-Life asset classes, further diversified by type of peril and by geography, on behalf of global institutional investment clients.

The founders, Rob Procter and Espen Nordhus, of Securis Investment Partners will be staying with the firm, and will continue to have their capital in the business. Rob Proctor said; “The market for investing in insurance-related risks is set to grow strongly as insurance carriers increasingly seek to outsource such risk to the capital markets to optimise their balance sheets. We believe the best way to take advantage of this development is to remain focused, with a pure insurance strategy and a long-term investment horizon. Northill brings complementary experience and expertise while enabling us to preserve our approach, culture and client focus. We look forward to working together in partnership to further the growth of the business.” Jon Little and Rick Potter, partners at Northill Capital LLP, will join the Securis board.

Jon Little, Partner, Northill Capital said; “Securis is a highly successful business, with an outstanding performance track record in an exciting growth sector of the market. I have known the management team since the business was founded and we are very pleased to be entering into a long-term partnership. The ILS sector requires careful and skilled management of capacity growth in order to maintain performance, but is attracting considerable interest from investors seeking effective portfolio diversification and genuinely uncorrelated returns. We believe that the combination of Northill and Securis will ensure that the business continues to grow whilst maintaining its strong investment performance.”

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