Twelve Capital Management, the Zurich-headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, is taking a strategic investment from one of Switzerland’s cantonal banks, Graubündner Kantonalbank.
Graubündner Kantonalbank has agreed to acquire a 30% stake in the holding company of the specialist insurance and reinsurance focused investment firm, Twelve Capital Holding AG.
Switzerland has 24 cantonal banks, serving the 26 cantons and Graubündner Kantonalbank with a history dating back to 1870 is one of the most established.
It’s a significant stake and will provide Twelve Capital with funding stability as well as a strong partner to support its continued development and growth.
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