
Elementum Advisors, LLC, the insurance-linked securities (ILS) fund management and collateralised reinsurance underwriter, saw fund-raising success at the end of last year, helping to lift its ILS assets under management to $4.4 billion.According to the latest data in our , Elementum has added roughly 5% of assets in the last month of 2020.Previously, Elementum Advisors was listed in our directory with $4.2 billion of ILS assets, as of Nov 30th 2020.The growth came by Dec 31st, suggesting there is also a chance the ILS fund manager achieved a little more growth in January, given the timing of reinsurance renewals.
Elementum has bolstered its ILS operations in recent months with a number of hires, not least .The company also added .Elementum Advisors also .
The company said at the time that the new mandate was launched with backing from a large institutional investor focused on collateralized reinsurance investments (CRI) with a higher risk and return profile.It’s likely this accounts for at least a portion of the end of year AuM increase.There has been a reasonable amount of ILS fund raising towards the end of 2020, particularly for higher risk strategies given the opportunities seen in retrocession and riskier reinsurance layers.
However, the real growth opportunity for the ILS market will be seen as the rest of the 2021 reinsurance renewals, in particular the Florida and US business that is on offer at mid-year.View details of dedicated ILS fund managers and reinsurers offering ILS-style investment opportunities in our .———————————————————————.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.
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Publisher: Artemis