Sector developments and company hires

Life ILS partnership inked
Twelve Capital has joined forces with Farsight Partners in a bid to boost their provision of life ILS opportunities. The two firms believe that ILS can offer capital and risk capacity to the life insurance industry – ultimately promoting the growth and efficiency of the industry. The new strategic partnership will allow the pair to combine their complementary skillsets to focus on long-term trends and market inefficiencies, as well as offer investors a more stable, long-term, lighter tail and more diversified source of return.

In other news…

EMEA
Kieran Sharma has rejoined Sidley Austin’s global restructuring group as a partner in London. Sharma joins the firm from Strategic Value Partners (SVP), where he was a director in its European investment team, focusing on credit, distressed debt and private equity opportunities. Prior to joining SVP, he worked for three years in Sidley’s restructuring group as a senior associate.

Simmons & Simmons has named Tommaso Canepa a partner in its risk-sharing and synthetic securitisation practice, as well as co-head of its structured finance group in the Milan office. He previously worked at Cappelli RCCD.

North America
Madhur Duggar has joined KBRA as an md, based in New York. He was previously a vp, credit risk management at New York Life Insurance Company. Before that, Duggar worked at Moody’s, KPMG, Barclays, Citi and Lehman Brothers in roles that included structured finance research and CLO strategy.

Notice surveilling service launched
Oakleaf has launched a new investor notice tracking service, which aims to streamline and reduce the time it takes to collect and analyse investor notices on public RMBS transactions. The service seeks to address the long-neglected inefficiencies in surveilling notices by buy-siders in terms of both time and resources. It offers investors twice-monthly reports and analysis on the importance and urgency levels of each notice by sorting through every deal upon sign-up for the service.