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Icosa Investments has been launched as new catastrophe bond focused asset manager, by co-founders the former Twelve Capital executive Florian Steiger and Swiss financial services and capital markets specialist Jordan Nickerson, Artemis has learned.
Established in Switzerland, Icosa Investments will offer strategies focused on catastrophe bonds, we understand, aiming to bring uncorrelated sources of return to its investors.
The company already has strategic backing from prominent industry partners and relationships with key investors, aiming to capitalise on the growing interest in alternative investment strategies and the success of the cat bond market.
Icosa Investments is largely owned by its employees, we understand.
Already, the new cat bond investment manager has secured what it calls “a significant financial investment” from a client, which it says underscores a “robust financial foundation and promising future.”
Florian Steiger, was recently the Head of Cat Bonds at insurance-linked securities (ILS) and reinsurance asset manager Twelve Capital, but departed the firm at the end of 2023.