Integral ILS passes $1.1bn mark for capital deployment

Independent insurance-linked securities fund manager Integral ILS Ltd has passed $1.1 billion of investor capital deployed, it announced. The Bermuda-based firm also said it had raised over $1.4bn since it was founded in July 2020.

Over the past year, the firm has received several new commitments from institutional investors as well as increased allocations from its cornerstone investors New Holland Capital and the Public Sector Pension Investment Board.

Its investment strategy is primarily focused on catastrophe-linked insurance and reinsurance transactions and benefits from in-house risk origination capabilities and strategic partnerships with TransRe and Amwins.

“Our AUM growth is a testament to the demand we’ve seen among sophisticated institutional investors to add catastrophic risk to their portfolios, especially those looking for alternatives to fixed income and credit strategies,” said Integral co-founder and managing partner Richard Lowther.

Its other co-founder and CIO Lixin Zeng added: “We have long believed that institutional investors with long-term time horizons have a structural advantage when it comes to holding catastrophic risk exposures, and we’re pleased to see continued investor interest in our bespoke strategy.”

Scott Radke, CEO of New Holland Capital, said: “Integral has an exciting market opportunity, as current pricing in the market has reignited interest from institutional investors that have historically avoided catastrophe risk assets. We’re enthusiastic about their specialised, investor-friendly approach to the market, and we look forward to our ongoing partnership with the Integral team as they continue to scale.”