Securis Investment Partners, the London-headquartered insurance-linked securities (ILS) investment manager, has entered into a distribution agreement with Swiss private bank Union Bancaire Privée (UBP).
Distribution agreements can help ILS asset managers to reach new investor clients and expand awareness of their ILS fund strategies.
Under this agreement, UBP will be able to offer Securis’ global ILS management capabilities to institutional investor clients and third-party distributors throughout Europe, Middle East and Asia.
Secures, with $3.3 billion of assets under management, is one of the market’s leading ILS investment managers, offering ILS fund strategies focused on catastrophe bonds, collateralised reinsurance and also life insurance-linked investments.
UBP has broad institutional investor access and wealth management expertise, counting CHF 140.4 billion in assets under management as of the end of 2022.
Nicolas Faller, Co-CEO Asset Management and Head of Institutional Clients at UBP, commented on the distribution agreement, “At UBP we pride ourselves in providing our clients with the best possible expertise, products and services. In Securis, we have found the ideal partner in the ILS space, allowing us to enhance our offering beyond our existing capabilities and better meet our clients’ needs.
“Very few ILS managers have the resources and infrastructure required to deliver the breadth of high-quality investments that Securis offers.”
Vegard Nilsen, CEO of Securis, also said, “We are pleased to be starting this mutually beneficial agreement with UBP. Securis has always stood out by offering investors access to the broad range of ILS investment opportunities, which we believe will add value for UBP’s clients.
“UBP’s entrepreneurial spirit and agility reflect our own, and we are convinced that, with its large fund distribution capabilities worldwide, we have found the right partner to help us expand outside of our core markets.”