NEARLY ALL OUR ILS ASSETS ARE PENSION FUND MONEY, INVESTMENT MANAGER CLAIMS

As much as $1.26bn of the $1.4bn in insurance-linked securities (ILS) held by Leadenhall Capital Partners are sourced from pension fund money, the investment manager has claimed. Luca Albertini, CEO of Leadenhall Capital revealed the surprising number at a meeting hosted by BNY Mellon in London last week. Of the rest, nearly 7% is from investment firms, and nearly 2% is private banking or family offices. Mr Albertini said that he felt the market was now becoming more strategic and less opportunistic.