reinsurance linked investmen

Chris O’Kane, CEO of global insurance and reinsurance firm Aspen, said that the company’s alternative capital management and insurance-linked securities (ILS) unit Aspen Capital Markets is a growth area and its third-party reinsurance capital has risen to $135m.

Global insurance and reinsurance firm Aspen continued to grow the assets under management at its alternative capital management and insurance-linked securities (ILS) focused unit Aspen Capital Markets during the first-quarter.

Global insurance and reinsurance firm Aspen now manages $100m of assets within third-party reinsurance capital vehicles at its alternative capital management and insurance-linked securities (ILS) focused unit Aspen Capital Markets.

Aspen Capital Markets, the third-party capital and insurance-linked securities (ILS) focused division of Aspen Re, has launched its first vehicle today, Silverton Re, through which it will give investors access to the returns of its catastrophe reinsurance business.