Bermuda-based Horseshoe Group Ltd., a provider of insurance management and advisory services for insurance-linked securities, has been awarded the 2010 'Adviser of the Year' by Trading Risk magazine.

The Adviser of the Year Award recognises excellence and achievement in the insurance-linked capital markets sector and is given to the company that has done the most to foster innovation and further the development of the insurance-linked securities market.

An independent panel of industry leaders selected Horseshoe Group for the award after reviewing nominations from other leading insurance-linked securities advisers around the world. The award was presented at the Trading Risk Awards ceremony at the HAC Armoury House in London on July 1, to acknowledge and reward the pioneering spirit essential to the sector's development.

Horseshoe Group was chosen on the basis that it had cemented its position as a key convergence specialist insurance manager and adviser. In addition the judging panel recognised the fact that Horseshoe Group undertook the formation and management of a number of key investor-sponsored reinsurers.

"Receiving this award is a great honour, especially considering the pre-eminence of the other finalists in this category," said Andre Perez, CEO and founder of Horseshoe Group.

"We are delighted to be recognised as the leading adviser in the insurance convergence sector by acting as an enabler in this sector for investors either through the formation and management of insurance companies, sidecars and SPVs or as a conduit for insurance transformation through Horseshoe Re Ltd."