About Us Overview

In November 2011, Horseshoe Group and IKONIC Fund Services Ltd. formed a joint-venture, ILS Fund Services Ltd. (“ILSFS”), a Bermuda exempted company licensed as a fund administrator by the Bermuda Monetary Authority.  ILSFS is dedicated to providing fund administration services to funds investing in insurance linked securities.

ILSFS will provide all required services to administer insurance linked securities funds through its joint venture partners pursuant to Delegation Agreements including, but not limited to:

  • Prelaunch Advisory Services
  • Portfolio Valuation Services specific to insurance linked securities
  • Fund Accounting and Investor Services
  • Financial Statement Preparation and Audit Coordination
  • Advise and support to clients on best practice accounting for insurance linked security investments
  • Registered Office and Corporate Secretarial Services

ILSFS capitalizes on the strengths of its founders so that the Company can offer ILSFS clients a comprehensive service comprised of valuation and fund administration.

Why ILS Fund Services?

  • Only dedicated ILS fund administration company to offer both independent valuation & fund administration services
  • Founded by two companies with extensive experience in fund administration and the reinsurance and ILS space
  • Professional staff comprised of qualified accountants, actuaries, underwriters, and a claims adjuster

About The Horseshoe Group:

  • Leading insurance management & advisory firm dedicated to ILS market
  • Founded in 2005 by seasoned reinsurance professionals
  • Independent ownership
  • Licensed Bermuda, Cayman Islands and Ireland  insurance manager
  • Over 30 clients with total clients’ assets under management exceeding $7.5 billion
  • Winner Trading Risk Adviser of the Year Award for contribution to ILS market
  • Clients include Insurers / reinsurers, Catastrophe bonds / sidecars, dedicated reinsurance / ILS funds, hedge funds, money managers, pension funds & private equity firms and Lloyd’s affiliates

About IKONIC Fund Services:

  • Incorporated May 2007
  • Headquartered in Bermuda with a full service office in Charlotte, NC and registered office services offered from the Cayman Islands
  • Licensed fund administrator by the Bermuda Monetary Authority
  • Founded by a leadership team with over 50 years of collective experience in the hedge fund administration space
  • Independent ownership
  • Qualified staff with each person having prior hedge fund administration experience & minimal staff turnover
  • Strong operational controls & procedures (SOC 1) and best of breed technology
  • Over 45 clients with total client assets under management exceeding $4 billion
  • Clients strategies include but not limited to fund of funds, private equity, long short equity, global macro, distressed debt, options and foreign exchange