Elementum lifts ILS assets under management to $4.4bn

Elementum lifts ILS assets under management to $4.4bn

Elementum Advisors, LLC, the insurance-linked securities (ILS) fund management and collateralised reinsurance underwriter, saw fund-raising success at the end of last year, assisting to lift its ILS properties under management to $4.4 billion.According to the current information in our Insurance-Linked Securities Investment Managers & & Funds Directory, Elementum has actually added approximately 5% of properties in the last month of 2020.
Previously, Elementum Advisors was listed in our directory with $4.2 billion of ILS assets, since Nov 30th 2020.
The growth visited Dec 31st, suggesting there is also a chance the ILS fund manager accomplished a bit more growth in January, offered the timing of reinsurance renewals.
Elementum has reinforced its ILS operations in recent months with a number of hires, not least the addition of Todor Todorov in a company development and financier relations role.
The company likewise added Shabnam Ahmed as Senior Vice President, Underwriting in its Bermuda workplace in October 2020.
Elementum Advisors also announced a brand-new, greater risk and return ILS mutual fund strategy concentrated on retrocessional reinsurance in January.
The business said at the time that the brand-new required was introduced with support from a large institutional investor focused on collateralized reinsurance financial investments (CRI) with a greater danger and return profile. Its likely this accounts for a minimum of a part of completion of year AuM boost.
There has been a sensible amount of ILS fund raising towards completion of 2020, especially for higher threat techniques provided the opportunities seen in retrocession and riskier reinsurance layers.
The real growth chance for the ILS market will be seen as the rest of the 2021 reinsurance renewals, in specific the Florida and US service that is on offer at mid-year.
View details of dedicated ILS fund supervisors and reinsurers offering ILS-style investment chances in our Insurance-Linked Securities Investment Managers & & Funds Directory.

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