Select Market Access Fund Ltd Press - Tangency Capital Lifts Assets 50% To Reach $400m

posted by Select Market Access Fund Ltd
2mos ago 311

One of the insurance-linked securities (ILS) fund managers that achieved growth in advance of the all-important January reinsurance renewals was Tangency Capital, who secured investor inflows to lift its assets under management by 50% to around $400 million.

tangency-capital-ils-logoTangency Capital Ltd. is an ILS investment management firm with a specific focus on investing in quota share reinsurance business.

Given the state of the global reinsurance market, particularly in retrocession and the lower availability of capital and product in that segment, it’s likely there were new opportunities for quota share reinsurance specialists such as Tangency Capital at the renewal, which the firm took advantage of.

Some reinsurers are looking increasingly favourably at quota share capacity as a more permanent source of capital, with the right partners.

The addition of newly raised funds from third-party investors takes Tangency Capital’s total ILS and reinsurance linked assets under management to roughly $400 million as of January 1st 2020.

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