Twelve Capital recruits senior advisor for ILS

Twelve Capital has hired Marcel Grandi as senior advisor for insurance-linked securities.

Grandi previously spent 13 years with Credit Suisse ILS and 10 years with Munich Re in various senior functions.

In his new role he supports the investment team with the sourcing of ILS transactions. He is based in Zurich.

Urs Ramseier, chief executive officer at Twelve Capital, said Grandi’s “extensive knowledge of the insurance industry will further enhance Twelve’s ability to serve clients across the firm’s ILS portfolios.”