DCG Iris

The DCG Iris insurance-linked securities fund has issued 9,174,000 new Sterling Shares at a price of 101.12 pence per share as it closes its latest round of fund-raising which we had written was underway in April. The additional shares grow the fund, which is managed by Dexion Capital as a feeder fund into a Credit Suisse managed […]

The DCG Iris insurance-linked securities fund, a London Stock Exchange listed closed end ILS investment fund operated by investment manager Dexion Capital, is actively raising more capital and aiming to close another placement of new shares in the fund by late May. DCG Iris has been raising new capital as part of a share placement […]

Hurricane Sandy is almost in the past for one of the London listed insurance-linked securities investment funds. The DCG Iris ILS fund, operated by investment manager Dexion Capital, has converted its C Share class back into Ordinary Shares and has listed the new Ordinary Shares back on the London Stock Exchange.

As the level of uncertainty surrounding the insurance industry loss from hurricane Sandy reduces, investment managers with exposure to the storm are beginning to resolve the situation around side-pocket investments. As we wrote at the start of February, the DCG Iris ILS fund is making progress on merging C Shares back into its Ordinary share […]

The DCG Iris insurance-linked securities fund, operated by investment manager Dexion Capital, will soon have the 11.025m £1 Sterling C Shares it recently issued converted back into Ordinary Shares, now that it has a much clearer picture of the potential for losses caused by hurricane Sandy. The reason the C Shares were created in the […]

Credit Suisse has issued an updated event report on hurricane Sandy in regards to the storms expected impact to the asset managers CS IRIS Low Volatility Plus fund, and as a result the DCG Iris ILS fund for which CS Iris is the master fund. Credit Suisse has increased its estimate of the insured industry […]

Investment manager Dexion Capital’s has published the first half-yearly report for its insurance-linked security (ILS) fund offering DCG Iris Ltd. The report which looks at the period from launch in June 2012 to the end of November, provides an overview of the funds progress and reveals that over that period the fund returned 1.88%. The […]

Investment manager Dexion Capital’s is moving forwards with their plans to raise additional funds for the DCG Iris Ltd. insurance-linked security fund with the publication of a new prospectus and notification of their intention to list 11.025m additional shares valued at £1 each. The successful listing of the additional shares, expected to be admitted on […]

Another event report on hurricane Sandy and the superstorms potential impact on reinsurance and the catastrophe bond market has been published by investment manager Credit Suisse. Again, the update has been published via the London Stock Exchange by Dexion Capital for their DCG Iris ILS fund which acts as a feeder fund for and invests substantially […]

Over a month ago we covered investment manager Dexion Capital’s plans to expand and grow their DCG Iris Ltd. insurance-linked security fund through a series of share offerings. The ILS fund, which launched back in June, has its shares listed on the London stock Exchange (LSE) and acts as a feeder fund and invests all […]