Armor Group Launches New ILS
The Bermuda-based Armour Group today [Mar.9] announced the formation of a new ILS [Insurance Linked Strategies] focused asset manager to “target unique opportunities for uncorrelated returns in a low-yield environment.”
Armour said its new unit, ILS Investment Management Limited, would focus exclusively on this growing alternative asset class and that initial product development will be aimed at providing investors “unique non-correlating opportunities in the non-catastrophe” based sectors of the property/casualty market.
The Armor Group is a Bermuda based group of companies which focuses on identifying structuring and transacting value opportunities within the insurance and reinsurance sectors.
Brad Huntington and John Williams, the two founding principals of Armour Group, will assume senior management roles in ILS Investment Management Limited.
In order to focus on the development and operation of the ILS asset management business, they will both relinquish any day-to-day operational role in the Armour Risk services division of the Armour Group.
The two men have more than 50 years combined experience in the non-catastrophe based sectors. They also previously acted as founders in the investment manager for Brevan Howard P&C Master Fund, a non-catastrophe property/casualty focused ILS fund.
