Integral ILS builds assets under management to $2 billion
Integral ILS has reached $2 billion of assets under management, Artemis, the insurance-linked securities focused publication, has reported.
Integral ILS, a Bermuda company, is an independent alternative investment manager launched three years ago by industry veterans Lixin Zeng and Richard Lowther.
The company is focused on natural catastrophe (re)insurance investments.
An article highlights how Integral ILS has recorded total inflows of $570 million so far this year, and was believed to have taken in $425 million of new money during the mid-year renewals.
Artemis said: “According to Trading Risk’s ILS fund manager directory, Integral ILS has moved up from being the 21st-largest fund to be tied for 19th spot with Amundi Investments.”
Integral ILS was launched in July 2020 by former Hiscox ILS COO Richard Lowther and former AlphaCat CEO Lixin Zeng.
At launch, the ILS fund set up agreements with TransRe and AmWins to grant it access to a ready-made pool of primary insurance risks through policies brokered by AmWins, as well as reinsurance business through TransRe.
Artemis said that at the start of 2021, Integral ILS had $600 million of assets under management after receiving a seed investment from alternative investment manager New Holland Capital.
By January 2022, the ILS fund had deployed $1.10 billion of capital, while its committed capital reached $1.45 billion, with several hundred million not yet drawn down.
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