Union Bancaire Privée, UBP SA (UBP) announced today that it has signed a distribution agreement with Securis Investment Partners LLP (Securis), a leading investment manager of Insurance-Linked Securities (ILS). This partnership will enable UBP to offer Securis’ global capabilities to institutional clients and third-party distributors throughout Europe, Middle East and Asia.
Founded in 2005 and based in London, Securis is one of the leading ILS managers globally with USD 3.3 billion of assets under management. ILS is an innovative asset class that allows investors to access insurance risk premium by providing cover for natural or man-made catastrophe events. ILS offers investors attractive projected risk-adjusted returns with low correlation to more traditional asset classes. ILS strategies typically invest in one or more insurance-linked instruments, the most well-known being catastrophe bonds.
Commenting on the new partnership, Nicolas Faller, Co-CEO Asset Management and Head of Institutional Clients at UBP, said: “At UBP we pride ourselves in providing our clients with the best possible expertise, products and services. In Securis, we have found the ideal partner in the ILS space, allowing us to enhance our offering beyond our existing capabilities and better meet our clients’ needs. Very few ILS managers have the resources and infrastructure required to deliver the breadth of high-quality investments that Securis offers.”
Vegard Nilsen, CEO of Securis, added: “We are pleased to be starting this mutually beneficial agreement with UBP. Securis has always stood out by offering investors access to the broad range of ILS investment opportunities, which we believe will add value for UBP’s clients. UBP’s entrepreneurial spirit and agility reflect our own, and we are convinced that, with its large fund distribution capabilities worldwide, we have found the right partner to help us expand outside of our core markets.”
