Twelve Capital Management, the Zurich-headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, is expanding its strategies to include insurtech investments with the help of a new collaboration with specialist insurtech investor Eos Venture Partners.
The pair will launch a specialised insurtech investment fund focused on providing growth funding for successful insurtech’s.
The fund will have an exclusive focus on insurtech and adjacent opportunities, capitalising on Twelve Capital’s insurance network and Eos’ InsurTech expertise.
The investment strategy will focus on later stage growth capital (primarily Series C and beyond) for fast growing insurtech companies where Eos already has a strong relationship through its early stage investments, or that are otherwise known to Eos.
Urs Ramseier, Executive Chairman and Chief Investment Officer of Twelve commented, “We are delighted to form this partnership with Eos. We share a deep experience with insurance investments and will together support the growth and implementation of new technologies into this sector.
“The key differentiator of our strategy is that targeted companies are primarily part of a predefined pool of InsurTech companies that our partner Eos knows extraordinary well.”
Carl G. Bauer-Schlichtegroll, Founding Partner of Eos also said, “As technology transforms our lives, consumers and businesses increasingly expect insurance to be delivered when and how they want. InsurTech companies address this growing demand and we expect many to become the leading players of tomorrow across geographies and sectors, creating enormous value to customers, insurers and investors.
“A key priority for Eos is to make a positive impact on the lives of 500 million people over the coming decade by closing the protection gap while integrating environmental, social, and governance (ESG) factors into investment decisions. With our existing portfolio companies we already positively contribute to the protection gap reduction in areas such as the GIG economy, cyber, mobility, sports and health.”
Twelve Capital is not the first insurance and reinsurance investment manager to broaden its strategy to include insurtech, as the expertise gained in analysing insurance-linked securities (ILS) and private debt financing deals for the sector means its understanding of market opportunities are significant.
Teaming with Eos, a recognised specialist investor in insurtech that has largely been an early-stage funder, is an ideal way to gain an inside track on potentially profitable investment opportunities.