DCG Iris

The London Stock Exchange listed shares of the DCG Iris London-listed insurance-linked securities (ILS) fund will soon be no more, after its investors approved a proposal to wind-up and liquidate the ILS fund’s assets today.

The London Stock Exchange listed shares of the DCG Iris London-listed insurance-linked securities (ILS) fund have been suspended from trading as an extraordinary general meeting takes place this morning to decide on the funds winding up.

DCG Iris, a London-listed insurance-linked securities (ILS) fund, marketed and run by Dexion Capital with Credit Suisse’s ILS team providing ILS asset management services, is soon to exist no more as the company is set to be wound up.

Insurance linked securities (ILS) investment manager Credit Suisse Asset Management has estimated that the insured loss from Sunday’s Napa, California earthquake will come in around the $1.5 billion mark.

The DCG Iris London-listed insurance-linked securities (ILS) fund, marketed and operated by Dexion Capital with Credit Suisse providing ILS asset management services, may come to a close, with its Directors proposing its liquidation.

Insurance linked investment manager Credit Suisse Asset Management has reported that despite having some small Chile earthquake exposures in its CS Iris Low Volatility Plus fund it does not expect any impact from the recent earthquake in Chile.

The DCG Iris insurance-linked securities (ILS) fund, marketed, run and operated by Dexion Capital with the Credit Suisse ILS unit providing ILS asset management and listed on the London Stock Exchange, returned 2.2% from 1st June to 30th November 2013.

The DCG Iris insurance-linked securities fund, marketed and operated by Dexion Capital with Credit Suisse providing ILS asset management and listed on the London Stock Exchange, is now just under £7.7m larger after the completion of its latest share placement.

Two listed insurance-linked securities (ILS) funds, which are both in the process of new share placements, have extended the placing timetables, thus giving prospective investors more time to subscribe to their latest rounds of fund-raising.

In this series of interviews with investment managers from high-profile insurance-linked strategies (ILS) funds, collateralized reinsurance entities and reinsurance-linked investment firms, we hope to reveal details of the individual manager’s experience and the firm’s investment strategy. The latest in this series is Dexion Capital.