Twelve Securis: A New Era for Insurance-Linked Securities
Deal News | Feb 13, 2025 | Re-Insurance News
Twelve Capital and Securis Investment Partners, two leading independent asset managers specializing in insurance-linked securities (ILS), have finalized their merger. This new entity, named Twelve Securis, boasts $8.5 billion in assets under management. The merger was initially announced in July 2024 with projected assets of $7.8 billion, revealing the firm's significant growth. Under the leadership of Urs Ramseier as CEO, and with Herbie Lloyd assuming key roles, Twelve Securis aims to provide innovative, cost-effective investment solutions in the insurance markets. The partnership retains the support of B-FLEXION, a longtime investor in Securis. Ramseier expresses the merger as a pivotal moment for ILS, enhancing their ability to provide excellent investment solutions globally. Chairman Cyrus Jilla emphasizes the firm's strategic positioning to seize evolving opportunities in the insurance sector.
Sectors
- Insurance
- Asset Management
Geography
- United Kingdom – The United Kingdom is relevant as it serves as a geographical base for Securis Investment Partners and is a key location for insurance and asset management activities in Europe.
- Bermuda – Bermuda is a significant location in the insurance and reinsurance industry, and will play a role in the operations of Twelve Securis.
- Switzerland – Switzerland is relevant due to Twelve Capital's origins and its role as a prominent financial and asset management hub.
Industry
- Insurance – The merger between Twelve Capital and Securis Investment Partners is heavily focused on the insurance-linked securities (ILS) market, which is an integral part of the insurance industry.
- Asset Management – Both Twelve Capital and Securis Investment Partners are asset managers, with their merger creating a larger firm to manage $8.5 billion in assets.
Financials
- $8.5 billion – Assets under management of the newly formed entity Twelve Securis.
- $7.8 billion – Initially projected assets under management at the announcement of the merger.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Twelve Capital | Merging Company | Company | An independent asset manager specializing in insurance-linked securities (ILS). |
| Securis Investment Partners | Merging Company | Company | An asset manager with expertise in insurance-linked securities. |
| Twelve Securis | Combined Entity | Company | The newly formed company created from the merger of Twelve Capital and Securis Investment Partners. |
| B-FLEXION | Stakeholder | Company | A long-term stakeholder in Securis, continuing its supportive partnership with Twelve Securis. |
| Urs Ramseier | Chief Executive Officer | Person | Co-founder of Twelve Capital and the CEO of the newly formed Twelve Securis. |
| Herbie Lloyd | Chief Investment Officer and Head of UK and Bermuda | Person | Former CIO of Securis, now CIO Private ILS and Head of UK and Bermuda for Twelve Securis. |
| Cyrus Jilla | Chairman | Person | Chairman of Twelve Securis. |