New Ocean Capital Management

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Mitsui takes stake in ILS manager New Ocean, invests $100m in funds

Japanese conglomerate Mitsui & Co., Ltd. has completed the recent acquisition of a 15% stake in Bermuda domiciled ILS and reinsurance linked asset manager New Ocean Capital Management Limited (New Ocean) and has made a $100 million commitment to the managers funds. Demonstrating its appetite to enter the ILS space and read the full article →

New Ocean gains perspective with XL Catlin affiliation: CEO McKeown

Bermuda domiciled ILS asset manager New Ocean Capital Management Limited (New Ocean), gains increased perspective on operations across geographies and perils through its strategic alliance with XL Catlin, according to New Ocean’s CEO Chris McKeown. Following XL’s acquisition of Catlin in 2015, New Ocean and its shareholders benefit from the extensive read the full article →

XL CIO Street to assist alternative capital innovation post Catlin deal

The leadership of XL Group following its proposed acquisition of Catlin is taking shape and the combined firm will have a different Chief Investment Officer after XL announced that Sarah Street will assume new responsibilities with a focus on alternative capital. Street is currently an EVP and CIO for insurance and read the full article →

New Ocean ups income to XL, hires COO, signs distribution agreement

XL Group's insurance and reinsurance linked investment unit, New Ocean Capital Management Limited, has increased its contribution in terms of income to XL, hired a COO and signed a distribution agreement with a global financial institution to aid growth. New Ocean Capital was launched in 2013 as a joint venture between read the full article →

New Ocean Capital launches two reinsurance investment strategies

Bermuda based insurance-linked securities (ILS) and reinsurance-linked asset manager New Ocean Capital Management Limited has announced the successful launch of two new reinsurance investment strategies today. Reinsurance asset manager New Ocean Capital Management was launched in 2013 by global insurance and reinsurance firm XL Group and reinsurance focused private equity firm Stone read the full article →

Chris McKeown joins New Ocean Capital (XL Group – Stone Point ILS unit) as CEO

Experienced insurance-linked securities and reinsurance capital markets executive Chris McKeown is returning to the ILS space to join the New Ocean Capital Management Limited ILS investment manager, which was recently launched by XL Group and Stone Point Capital. Chris McKeown, who was most recently with ILS investment manager Pillar Capital Management, read the full article →