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Bermuda, Thursday, September 9, 2010


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Top Keywords: nephila, specialises, cdo, sidecar, leverages, reinsurance, catastrophe, gamut, hardening, warranty

Nephila raises $800m in ILS::
Bermuda-based Nephila Capital has raised $800 million in the second quarter of this year from institutional investors targeting catastrophe reinsurance funds. Greg Hagood, the fund's co-founder, told the Financial Standard that pension funds, hedge funds and fund of funds are actively seeking non-correlated investments such catastrophe bonds and other insurance linked securities. "After the recent financial market turmoil, institutional investors are actively seeking return streams that are independent from the capital markets and catastrophe reinsurance certainly provides that portfolio benefit,"
2009-07-27 09:58:44 GMT

Catastrophe bonds unlikely to be affected
An early analysis of Hurricane Katrina's impact on the insurance industry shows that catastrophe bonds may emerge unscathed from the storm, which is expected to leave the industry on a whole with a mult-billion dollar bill, according to ratings agency Standard & Poor's.
2005-08-31 03:00:00 GMT

Nephila fund attracts $50m Ipac investment::
A fund run by Bermuda insurance-linked securities fund manager Nephila Capital has attracted a $50 million investment from Ipac Asset Management, according to the Artemis.bm website. Nephila uses catastrophe bonds, industry loss warranties and reinsurance contracts to construct portfolios. The Ipac investment went to the Nephila-managed Palmetto Australian Unit Trust.
2010-08-17 10:31:12 GMT

White Mountain involved in new $600m Bermuda fund and start-up
PHILADELPHIA (PRNewswire) — As part of its ongoing development in the areas of insurance and alternative asset management, NATIXIS has gone into partnership with Bermuda-domiciled financial services holding company White Mountains Insurance Group. The result is Pentelia Capital Management, a new asset management company based in Bermuda. PCM's first fund, Pentelia Limited, with total capital commitments of approximately US$ 600 million.
2007-04-30 12:31:40 GMT

Convergence is a boon for hedge funds � reinsurance exec
Not all hedge funds see investments in the reinsurance industry as a short-term strategy, said Chris McKeown, chief executive of two Bermuda reinsurers set up in the last 18 months by Chicago-based Citadel Investment Group Llc. The growing $1 trillion hedge fund industry is under increasing pressure to produce better-than-market returns, leading critics to question if hedge funds will abandon reinsurance investments when market conditions soften.
2006-04-06 03:00:00 GMT

Hedge funds bet on catastrophe reinsurance
Hedge funds once confined their wagers to stocks, bonds and interest rates. Now that their latest investment craze is betting on hurricanes, are the hedge funds straying too far from their expertise? The biggest hedge funds in this market include Chicago�s Citadel Investment Group LLC, Nephila Capital Ltd. of Hamilton, Bermuda, and CooperNeff Advisors Inc., a unit of French bank that runs several hedge funds.
2004-09-20 03:00:00 GMT

Man Group snaps up 25% stake in Nephila
LONDON (Bloomberg) - Man Group plc., the world's largest publicly traded hedge fund manager, agreed to buy a stake in Nephila Capital Ltd., an investor in insurance-linked securities and weather derivatives, to broaden its range of investments. The London-based company will pay $50 million in cash for a 25 percent stake in the investment manager, Man Group said in a statement on Friday. The acquisition allows Man Group to offer customers investments related to weather and natural disasters. Insurance-
2008-06-09 12:58:25 GMT

Nephila attracts $340m into cat reinsurance funds::
Nephila Capital attracted around $340 million from 11 UK institutions into its catastrophe reinsurance fund in the second half of 2009. The company is an investment manager specialising in insurance-linked securities such as catastrophe bonds. Nephila now has a total of $2.6 billion in assets under management, according to a report by Hedge Funds Review.
2010-03-10 12:19:21 GMT

$133m sidecar Globe Re sets up on Island
A new $133 million "sidecar" called Globe Re has been set up in Bermuda. German reinsurance company Hannover Re and independent reinsurance and risk intermediary Benfield Group Ltd. are the investors behind the entity, created to provide extra capacity for US natural catastrophe risks. Benfield Group Ltd. has invested $20.5 million in cash into Globe Re, which has been writing business since the start of this month. Benfield Advisory, Benfield's specialist corporate finance and advisory business,
2008-06-11 14:13:22 GMT




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