• Investment Year:2013
  • Status:Current
  • Stage:
  • HQ:Bermuda

New Ocean

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New Ocean is a Bermuda-based insurance-linked securities (ILS) investment manager.

New Ocean focuses on sourcing investment opportunities in the traditional (re)insurance market, the collateralized reinsurance market and the reinsurance capital markets. The company was founded by XL Group and Trident V in July 2013. Supported by XL’s proven analytics and access to global (re)insurance markets, New Ocean’s multiple fund structure allows investors to allocate capital more efficiently with one experienced manager. In addition to investing in New Ocean’s asset manager, Trident V provided seed-funding to the company’s platform investment funds.