Leadenhall Capital Partners, the London headquartered specialist insurance linked securities (ILS) and reinsurance related investments manager, has experienced particularly strong inflows of new capital across all its ILS fund strategies, growing its assets under management (AUM) to $5.72 billion by the end of 2025.Impressively, Leadenhall Capital Partners has increased its assets under management (AUM) across catastrophe bond and other private ILS fund strategies by around 27% over just the second-half of the year, having stood at approximately $4.5 billion in AUM around June.The ILS manager has been benefiting from the strong period of growth in the catastrophe bond market, lifting its strategies that target those investments, as well as in private ILS and reinsurance focused strategies where investor interest has been resurging.With its long-standing track-record, the firm is getting closer to its twentieth year of operations having launched in 2008, Leadenhall Capital Partners’ success in 2025 is a reflection of its experienced and the buoyant conditions witnessed in cat bond and ILS investments, enabling growth across its broad offering of ILS strategies.

We spoke with Luca Albertini, CEO and Lorenzo Volpi, Deputy CEO of Leadenhall Capital Partners, to gather their thoughts on the successful growth of the firm.Volpi told us, “Leadenhall has continued to grow across multiple strategies, including our cat bond only UCITS, Cayman and Japanese cat bond funds, alongside strategies investing in ILS private placements.“Following several years of heightened volatility, these strategies have demonstrated to investors that the lessons learned from the 2017 and 2018 catastrophe events have been successfully implemented.

This has resulted in the construction of more resilient portfolios that have delivered strong performance, despite increased attritional losses driven by secondary perils.” Here, Volpi’s comments are a positive signal for the ILS sector, as increasingly investors are appreciating the efforts undertaken to construct private ILS portfolios that can deliver returns through cycles.Volpi further commented, “The ongoing decoupling of pricing between cat bonds and private placements has further accelerated investor interest in less liquid ILS strategies.This is primarily due to their absolute levels of expected return, which remain very attractive.

At the same time, cat bonds, while experiencing some yield compression, continue to offer compelling relative value versus traditional credit markets.“Importantly, our rigorous selection and underwriting process has remained unchanged despite the growth in AUM across our strategies.This discipline has been recognised and appreciated by investors, who have continued to place their trust in Leadenhall by choosing to partner with us.” CEO Albertini further stated, “We owe a big thank to our investors and their advisors for their continued trust and partnership over the years.

“Investors value the long-term stability of our senior management teams, the structure and breath and scope of our offering and our performance and track record stretching back to 2008.” Albertini is also very positive on future opportunities for investors in ILS, as well as for his firm, saying, “There are exciting opportunities for investors in ILS and we look forward to bring them to our investors with a customised and tailor made approach.” As we recently reported, , aligning performing staff with its business objectives and supporting succession planning through the admission of two long-standing employees..All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.

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