The platform, which combines fund administration with insurance management and ILS valuation services, will allow ILS managers and reinsurers to build a solution tailored to their business needs.
Steve Britton, managing director and global head of ILS management for Aon Insurance Managers, commented: “Increased popularity of convergence within the reinsurance and capital markets demands further innovation.”
“In order to provide unique services to respond to the needs of ILS Funds and those in collateralised reinsurance, we set out to work together with a firm whose global reach and understanding of the ILS market was as deep as our own.”
SS&C will handle the fund administration and its related services while Aon Insurance Managers will manage the reinsurance entity.
Bill Stone, chairman and CEO of SS&C Technologies, added: “The appetite for the ILS asset class brings about the need for innovative convergence among service providers. This joint effort with Aon further strengthens SS&C’s ability to fulfil client demands in the ILS market.”