Aspen invests in new insurance linked security fund

Share

Aspen Insurance Holdings has announced that it is taking it’s first step into the insurance-linked security fund management marketplace with an investment of $25m in a newly formed ILS fund. They have partnered with and invested in a newly formed specialised investment fund, Cartesian Iris 2009A which is focused on insurance linked securities and reinsurance.¬†Aspen will as well as investing be providing advice on risk selection, pricing and portfolio design to the fund.

The new fund is sponsored and managed by affiliates of Cartesian Capital Group LLC (yes, the same people who launched a reinsurer focusing on the ILW market yesterday). Cartesian certainly seem to have a positive view of the ability of the capital markets to provide much needed capital to the risk transfer markets and also for their investment in those markets to be profitable.

Read the press release from Aspen here.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Weather risk management market value drops by half

The results of the most recent annual survey by the Weather Risk Management Association and Pricewaterhouse Coopers have been released...

Close