At Canopius, we have extensive experience of managing capital for third parties, principally through backing for our Lloyd’s syndicates. In 2017 US$392m of gross premium was ceded to third parties via a variety of deal structures and across a wide range of business classes.
We are currently expanding our existing capital management activity and as part of this, Canopius ILS, was created in 2018. It offers investors straightforward access to the (re)insurance markets, the underwriting skill and business distribution of the Canopius group.
Canopius ILS offers investors the opportunity to access specific portfolio’s of (re)insurance risks written by Canopius on its underwriting platforms around the world. Canopius ILS has the expertise to market and structure these transactions into investment grade assets primarily through its Bermudan based insurance vehicles.
In July 2018, Canopius ILS structured its first deal and is currently expanding its product portfolio and building investor relationships.
ILS offers a sound strategic option for investors looking to spread their risk and diversify into non-correlating investments against equity and bond market movements, for example. It appeals to larger investors looking for personalized returns fitting their own demands.