
Hudson Structured Capital Management Ltd.(doing its insurance investment business as HSCM Bermuda), the insurance-linked securities (ILS), reinsurance- and transportation- focused investment manager, has added another roughly 18% to its reinsurance AuM, lifting it to around $2 billion., having been established by ex-Goldman Sachs structured finance head Michael Millette.HSCM Bermuda has been steadily growing out its insurance and reinsurance related investment strategies over the last few years, having managed to achieve continuous growth through a period when many other ILS fund managers have stalled or been shrinking.Helping in this has been the investment managers diversified approach to investing in reinsurance, as it targets returns from across the market chain and company balance-sheet, allocating capital to a wide range of lines of business and structures..We subsequently reported that the company had , the Indiana & Maryland state pensions, commitments that helped it reach the $1.7 billion of reinsurance assets mark.Now, the company told us it is officially at the $2 billion mark, in terms of reinsurance-linked assets under management, while its firm-wide assets are now at $2.3 billion.“There are opportunities across the industry right now,” Millette stated. “Sector disruptions are creating value in marine & energy, risk excess, cat retro, cat exposed, wildfire, casualty runoff, life blocks, insurtech, cyber & cyber services, and distribution & claims services. We are excited to be able to put capital to work in this environment.”The multi-line and structure reinsurance investment strategy employed by HSCM has helped to insulate its investors from the impacts of some of the worst catastrophe loss years on record.With a mandate to allocate capital across all aspects of insurance and reinsurance linked returns, including ILS, collateralized reinsurance, insurtech and private debt, HSCM Bermuda remains a relatively unique offering in the marketplace.This approach of offering broader and more diverse exposure, from casualty, to property & casualty, catastrophe risks and even cyber, to its investors seems to be working.———————————————————————Tickets are selling fast.
Publisher: Artemis