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 *: $1 billion (AuM as at December 31st 2018)
- Website link: New Ocean Capital Management website
New Ocean Capital Management - Details
New Ocean is a Bermuda-based asset manager, founded by XL Group and Stone Point Capital in 2013, to provide unique access to the traditional (re)insurance market, the collateralized reinsurance market and the reinsurance capital markets.
New Ocean’s ownership structure allows them to satisfy the emerging investor appetite for growth opportunities across multiple (re)insurance risk classes, including property catastrophe reinsurance. They are supported by XL’s insights, risk management, analytics, accounting and other operational support services.
New Ocean launched with over $130 million of initial investment capital provided by XL Group and Stone Point Capital.
During 2016 Mitsui & Co. acquired a stake in New Ocean while subsequently committing additional capital.
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*Note: Assets under management are prone to fluctuation so the figures here are either the best available or last submitted by included managers. There is an element, albeit small, of insurance debt within this combined AuM.The Artemis Insurance-Linked Securities Investment Managers & Funds Directory is copyright © Steve Evans Ltd. Reproduction or publication without permission is not permitted. Use of this information within a commercial product, or for profit, without a license is strictly prohibited. Contact us if you would like to use this content or to discuss licensing.
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