Securis and Twelve Capital announce merger

Twelve Capital and Securis Investment Partners ("Securis"), two independent asset management specialists in Insurance-Linked Securities ("ILS"), announced their intention to merge, with both sets of shareholders remaining fully invested in the combined business. This will create a leading, founder-led business and one of the largest, most experienced ILS managers globally with USD 7.8bn in assets under management. The combination of Securis and Twelve Capital ensures continued alignment of interests as the merger preserves independence and a client-centric approach.

B-FLEXION – a long-term stakeholder in Securis – will remain a supportive, committed partner as the new firm works to meet its clear vision to be a leading ILS industry player as the asset class experiences a strong upward trajectory and its relevance continues to grow.

The transaction is expected to close in the fourth quarter of 2024, subject to customary regulatory approvals.

Lenz & Staehelin advises B-Flexion respectively Securis on all Swiss law aspects of the transaction.

Skadden, Arps, Slate, Meagher & Flom LLP, London, (English law) advises Securis and B-Flexion alongside Lenz & Staehelin.