Leadenhall Capital Partners, the dedicated insurance-linked asset manager set up as a joint venture with Amlin (STORM passim), has announced that it now has assets under management in excess of US$500m. The milestone has been reached thanks to the firm's existing non-life funds more than doubling assets under management during the course of 2011 to approximately US$250m and Leadenhall winning the mandate from a large UK pension scheme to manage a segregated account of initially £200m of life insurance-linked investments.

Within the life space Leadenhall focuses on mortality risk and does not currently invest in longevity risk or life settlements. The life insurance linked portfolios are managed by life portfolio manager Dan Knipe who believes there will be an increase in both supply of and demand for investment instruments which transfer life risks.

He comments: "The life insurance linked investment market is poised for growth and we look forward to being a key part of that development. Life insurers wanting to make efficient use of their capital resources will continue to look for opportunities to transfer risk and relieve capital from the liability side of their balance sheets. Institutional investors, with their growing appetite for alternative assets, will be attracted by the diversifying properties of an investment which performs well as people live longer".