Northill Capital buys into insurance-linked securities firm

AquisitionNorthill Capital is buying into the market for insurance-linked investments with the acquisition of a majority stake in Securis Investment Partners, set up in 2005 to manage insurance risk-related assets.

Northill is paying an undisclosed sum to buy out the interest of Swiss Re and Stone Point Capital in the company, which manages more than $1 billion (€760 million). Securis invests in assets linked to various forms of insurance, including life insurance policies.

“The market for investing in insurance-related risks is set to grow strongly as insurance carriers increasingly seek to outsource such risk to the capital markets to optimise their balance sheets,” said Rob Procter, managing partner of Securis.

Securis was founded by Procter and Espen Nordhus, both of Morgan Stanley's insurance team. Northill Capital was founded in November 2010 by Jon Little with backing from trusts associated with the Swiss-Italian Bertarelli family, whose wealth derives largely from pharmaceuticals.

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