Twelve Securis, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has extended its long-standing collaboration with Bank J. Safra Sarasin to now include distribution across Italy and Spain.
That collaboration resulted in the launch of specific ILS fund strategies with co-branding, including the JSS Twelve Sustainable Insurance Bond Fund that was launched in 2014, as well as the more recent launch of the JSS Twelve Securis Private ILS Fund in 2025.
Now, Bank J. Safra Sarasin is broadening its alternative investment offering with the help of Twelve Securis, expanding its offering to clients in insurance-linked securities, while also expanding Twelve Securis’ distribution reach.
Italian and Spanish investors will now be able to access a broad range of fund offerings, backed by the specialised management of a long-standing leader in ILS investments.
Among strategies now set to be available through the partnership are the Twelve Cat Bond Fund, the largest UCITS cat bond investment structure in the world at this time.
In addition, the JSS Twelve Sustainable Insurance Bond Fund, will represent a distinct product in the Italian and Spanish markets, with its investment focus being on subordinated debt issued by insurance companies.
In addition, the JSS Twelve Securis Private ILS Fund offers investors with access to private insurance-linked securities (ILS) strategies such as collateralised reinsurance arrangements and has differentiated return potential.
While the Twelve Multi Strategy Fund combines multiple insurance-related strategies into one fund structure to offer diversification and return stability and the Twelve Securis Credit Fund offers a way to access the returns of restricted Tier 1 debt instruments issued by insurance companies.
Nils Ossenbrink, Managing Partner and Head of Distribution and Products at Twelve Securis, commented, “The collaboration between Bank J. Safra Sarasin and Twelve Securis is built on a long-standing relationship of trust, which is clearly reinforced by this agreement.
“Having Bank J. Safra Sarasin as a partner in Spain and Italy strengthens our presence in both regions and allows local investors to access our leading strategies, including Insurance Bond and ILS funds, backed by a proven track record and robust risk management.”
Martin Fenner, Managing Director and Head of Wholesale and Massimo Sabatini, Country Head Asset Management Italy at Bank J. Safra Sarasin, added, “We are delighted to further expand our collaboration with Twelve Securis and to become their distributor in Spain and Italy. This partnership strengthens our vision, led by highly experienced teams in this asset class, to offer our clients unique, highly diversified and sustainability-focused strategies, and ultimately to deliver on our commitment to long-term value creation.”
In Italy, distribution of these ILS and insurance-related investment strategies will be led by Massimo Sabatini, Country Head Asset Management Italy, and Joey Longo, Client Service Manager. In Spain, the distribution will be led by Belén Ríos and Mariano Guerenstein, Co-Heads Institutional and Wholesale Sales for Iberia; Blanca Gómez de Agüero, Sales Director; and Lorenzo Prats, Sales and Marketing Support.
