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Quantedge’s ILS business selects Treefrog’s Foundation platform


The insurance-linked securities (ILS) investing business of hedge fund manager Quantedge Capital has signed-up to use Foundation, the ILS and reinsurance deal pricing and roll-up platform developed by Treefrog.

treefrog-consulting-quantedgeTreefrog launched the Foundation software platform earlier this year, aiming to deliver users a powerful pricing, risk and portfolio management solution for ILS and reinsurance transactions.

Tangency Capital, the insurance-linked securities (ILS) investment fund manager focused on quota share reinsurance business became the first full user of the Foundation platform on launch.

Then recently, Treefrog announced a raft of features including a portfolio management tool, as it looks to enhance its Foundation product and make it increasingly useful to reinsurance and insurance-linked securities (ILS) market users.

Now, Foundation has attracted another insurance-linked securities (ILS) investment specialist, as Quantedge Capital signs-up to use the platform.

Quantedge plans to utilise Foundation to support the delivery of its systematic quantitative ILS investment strategy.

Ryan Kimber, Vice President ILS for Quantedge, commented on the news, “We were excited to join the Foundation Beta program last year and help Treefrog address some of the challenges specific to our industry.  With the latest release, we now have a toolset that will drive efficiencies in data management, help model our reinsurance structures and enhance reporting performance for us.”

Dmitry Mnushkin, President of Treefrog added, “Quantedge has provided us many insights into their particular industry requirements that we used to guide our development efforts. We are thrilled to welcome their team aboard and look forward to continued collaboration.”

Treefrog is planning additional enhancements to its Foundation platform, as it looks to broaden further the user-base and make it increasingly useful for managing ILS and collateralized reinsurance or retrocession portfolios.

An upcoming October release of Foundation promises to add the ability to price reinsurance or ILS contracts on a blended basis, where existing claims are linked to probabilistic losses.

This new functionality will help Foundation customers to better understand reinsurance contract values at discreet points in time.

Register today for ILS Asia 2023, our next insurance-linked securities (ILS) market conference. Held in Singapore, July 13th, 2023.

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