Leadenhall grows non-life and life ILS assets to reach $6.4bn

Leadenhall Capital Partners LLP has further expanded its assets under management, with both its non-life and life insurance-linked securities (ILS) growing to take the managers AuM to $6.4 billion as of January 2021.

London headquartered insurance-linked securities (ILS) and reinsurance linked investments manger Leadenhall Capital Partners had grown its ILS assets to $6.2 billion in December 2020, having raised over $600 million since July last year.

The expansion of Leadenhall’s funds under management continued through the end of the year, helping it to reach the new high of $6.4 billion, firmly placing it among the very largest dedicated ILS managers in our Insurance-Linked Securities Investment Managers & Funds Directory.

The new inflows to Leadenhall’s ILS fund strategies continued to be relatively evenly split across its non-life reinsurance and also life insurance focused activities.

As of this month, January 2021, the assets under management of Leadenhall’s non-life insurance-linked securities (ILS) strategy, which invests in catastrophe bonds and collateralised reinsurance assets, had reached $3.1 billion, increasing by roughly 11% over the last year, having sat at $2.8 billion at January 2020.

On the life insurance-linked securities (ILS) side of Leadenhall’s business, which invests in life reinsurance, mortality, longevity and other life insurance-linked assets, AuM has reached $3.3 billion as of this month, which is an increase of roughly 18% since January 2020 when life ILS assets at Leadenhall were $2.8 billion.

Which means Leadenhall Capital Partners has added around $800 million of new capital in a year, representing around 14% growth of funds under management.

A very impressive haul, under the circumstances we find ourselves in, and testament to the continued attractiveness of its strategies, its business model as a dedicated ILS fund manager and the ILS asset class as a whole.

Luca Albertini, Leadenhall Capital Partners CEO, told us, “I am very pleased to see that the continued confidence of our investors in us and in our business model made us one of the ILS managers registering the higher AUM growth this January.”

“We view ILS as an investment with a medium to long term investment horizon, but naturally both prospective and existing investors are attracted by the much improved market conditions we are now seeing, compared with those of a few years ago and they seem to allocate to stable ILS mangers.”