ILS fund manager Integral ILS has received a cornerstone investment from alternative investment manager New Holland Capital (NHC).
With this announcement, Integral has secured $600 million of signed commitments for its new dedicated ILS strategy.
Along with the seed investment, NHC will provide strategic support to Integral as it ramps up its operations.
Through in-house risk origination capabilities and strategic partnerships with TransRe and AmWINS, Integral will benefit from comprehensive and scalable access to the insurance value-chain.
Lixin Zeng, Co-Founder and Managing Partner of Integral said: “The ILS market is ripe for change. Our evolved model will allow us to be true fiduciaries to our investors while maintaining ideal market access.”
Richard Lowther, Integral Co-Founder and Managing Partner said: “New Holland is an extremely sophisticated, long-term player in the ILS market and has been a standards-setter in the alternative investment arena.
“We are thrilled to have them as a partner as we continue to grow. This investment represents a validation of our vision, and we look forward to partnering with New Holland to deliver attractive returns.”
Scott Radke, CEO of New Holland Capital added: “Lixin and Richard have deep experience and a long-standing track record in the ILS industry. Integral’s partnerships give it broad access to risk, and its investor focus allows it to truly differentiate its offering from competitors.”
Integral’s strategy is primarily focused on catastrophe-linked insurance and reinsurance transactions. Prior to New Holland’s investment, the firm recently closed an investing round with the Public Sector Pension Investment Board, a Canadian investment manager.
