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ILS Fund Services AUA surpasses USD3bn

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Bermuda-licensed fund administrator ILS Fund Services has reported growth in assets under administration (AUA) to USD3 billion and the company now provides services to 27 ILS funds. 

“We are extremely proud of this achievement and very thankful to our clients that have supported and grown with us since we opened our doors for business in early 2012,” says Brian Desmond, a Founder and Director of the Company. “It’s been a busy and exciting time in the ILS space the last few years and we see this trend continuing for the foreseeable future. Our growth in assets reflects the success of our clients and our commitment to providing exceptional service and also proves that the model we set up, a Fund Administrator with a deep understanding of reinsurance transactions and valuation, works and is considered huge added value and cutting edge by ILS fund managers and investors alike.” 
 
Bermuda has emerged as a leader in the insurance linked securities space due to its strong regulatory framework and its established (re)insurance and capital markets infrastructure. ILS Fund Services’ clients are currently all Bermuda registered companies that invest in catastrophe bonds, ILWs, sidecars, collateralised reinsurance, and other insurance linked securities. ILS Fund Services’ understanding of the ILS market, its dedication to the asset class and its location in a sophisticated capital markets jurisdiction has secured the Company’s standing as service provider of choice for insurance linked securities funds. 
 
“We are delighted this initiative has been so successful in such a short period of time and that our clients appreciate the level of service that we can provide them from both a fund administration and valuation perspective,” says Andre Perez, also a Founder and Director of ILS Fund Services Ltd. “Having a thorough understanding of the ILS market and the specific fund related needs has certainly enabled us to provide value to each of our client relationships and given ILS Fund Services the ability to shape “best practices” for fund administration for this investment strategy.” 

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