Securis launches (re)insurance investment fund

Investment management firm Securis Investment partners plans to list a new closed-end investment company, Securis Income Fund Limited, on the London Stock Exchange in March.

The new Guernsey-incorporated firm will be a feeder fund of the Securis I Master Fund, which invests in assets carrying exposure to insurance and reinsurance risk.

The funds says it offers investors diversification from traditional markets by seeking exposure to life and non-life insurance and reinsurance risks. These risks, which focus on mortality and longevity expectations or physical loss resulting from natural catastrophes, have historically demonstrated a negligible link with the performance of many financial markets, Securis argues.

The company will seek to deliver a target total return of 12% net per annum from which it intends to pay a 6% annual gross dividend.

“We established Securis 5 years ago to take advantage of the growing opportunities from insurance capital markets and the need for expert investment skill,” said Rob Procter, managing partner and co-founder of Securis Investment Partners, in a statement. “Since then our investment strategy has delivered strong returns that have been uncorrelated to many financial markets whilst generating a consistent cash yield.”