Ledger launches a casualty insurance-linked securities fund

Julien Brissonneau
Sep 29 · 3 min read

Ledger Investing is a technology marketplace that matches insurance risk to capital markets. The startup today announced the Nanorock Fund Ltd., an Insurance-Linked Security (ILS) fund focused primarily on investing in casualty insurance risks through the Ledger Connect platform. The Nanorock fund has been capitalized by a large pension plan and will invest in workers’ compensation, general liability, commercial and private passenger auto liability as well as other casualty risks in the US and Europe.

Visit us at https://ledgerinvesting.com/

“We are honored to have received the backing of a sophisticated ILS institutional investor who shares our views on the opportunity for data-driven investing in the casualty insurance market and is committed to growing the asset class,” said Rajiv Punja, CEO of Ledger ILS Managers, LLC.

“The substantial commitment and strategic focus of the investor marks a pivotal point for the institutionalization of casualty securitization,” adds Samir Shah, CEO, and co-founder of Ledger Investing. “The market continues to support our conviction that the most promising path for exponential growth is by leveraging technology to bring the ultimate capital providers closer to the risk originators, standardize securitization structures and provide industry-leading risk analytics and transparency.”

“The Fund allows us to swiftly deploy capital to meet the long-term capacity needs of managing general agencies (“MGAs”) and insurance companies while providing attractive and diversifying returns to our investor partner,” said Brad Fischtrom, COO of Ledger Investing, Inc.

About Ledger

Ledger Investing, Inc. is an insuretech startup that has built a marketplace for connecting risk originators to capital providers. Ledger is financed by leading VCs and strategic insurance industry investors.

Ledger ILS Managers, LLC, is a wholly-owned subsidiary of Ledger Investing, Inc. and an investment advisor registered with the SEC.

Ledger Capital Markets, LLC is a wholly-owned subsidiary of Ledger Investing, Inc. and a securities broker/dealer registered with the SEC and a member of FINRA and SIPC.

Visit us at https://ledgerinvesting.com/

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