New Ocean Capital Management

The Artemis Insurance-Linked Securities Investment Managers & Funds Directory is a one-stop resource for information on insurance or reinsurance linked investment managers and their ILS fund strategies.

New Ocean Capital Management - Snapshot:

  • ILS manager or company name: New Ocean Capital Management
  • Location (HQ / Domicile): Bermuda
  • Date of launch: Jul 2013
  • Assets under management *: > $250 million
  • Website link: New Ocean Capital Management website

New Ocean Capital Management - Details

Company profile:

New Ocean Capital Management Ltd. is a Bermuda-based insurance and reinsurance linked asset manager, founded by XL Group and Stone Point Capital in July 2013, to provide investors with unique access to the traditional (re)insurance market, the collateralized reinsurance market and the reinsurance capital markets.

New Ocean Capital Management raised $135m from founders XL Capital and Stone Point, but subsequently added more capital from Dowling Partners and another asset manager

New Ocean’s ownership structure allows it to satisfy the emerging investor appetite for growth opportunities across multiple (re)insurance risk classes, including property catastrophe reinsurance.

New Ocean is supported by XL’s proven analytics and access to global (re)insurance markets. New Ocean’s multiple fund structure allows investors to allocate capital more efficiently with one experienced manager.

In addition to investing in New Ocean’s asset manager, Stone Point, through its Trident V investment vehicle, has seed-funded the company’s platform investment funds.

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