Twelve Capital, an independent asset manager, and B-FLEXION-backed Securis Investment Partners, an asset management specialist in Insurance-Linked Securities, agreed to form a joint venture. Financial terms were not disclosed. “We have always recognised Securis as an innovative and hugely respected business in the ILS market, and the combination of our two businesses presents an exciting opportunity to create a leading ILS franchise and one of the largest independent ILS asset managers globally. The coming together of our businesses will unlock significant innovation potential and enable a wider range of ILS solutions to be delivered to a truly global investor base, building on existing client coverage in North America, the UK and Europe, as well as Asia Pacific," Urs Ramseier, Twelve Capital Co-Founder.