Northill Acquires Majority In ILS Specialist Securis

Apr 16 2012 | 7:37am ET

London-based asset manager Northill Capital will acquire a majority interest in Securis Investment Partners, an insurance-linked securities specialist, also based in London.

Northill will acquire its majority stake by buying out external partners Swiss Re and Stone Point Capital.

Securis was established in 2005 by two alumni of Morgan Stanley’s insurance team, Rob Procter and Espen Nordhus. The firm manages over $1 billion in ILS across various life and non-kife asset classes, further diversified by “type of peril” and geography. Since inception, Securis’ flagship Securis I fund has achieved “excellent returns,” according to a Northill press release.

Northill partners Jon Little and Rick Potter will join the Securis board. Rob Procter and Espen Nordhus remain as co-managing partners.

Northill was founded in 2010 by Little with financial backing from the Bertarelli family and assistance from founding partners Jeremy Bassil and Rick Potter. The business intends to provide equity and seed capital to a small number of high quality start-ups or early stage managers and to provide equity capital to replace existing shareholders in larger more established asset managers.

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