Startups
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 Fund 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, Fund V provided seed-funding to the company’s platform investment funds.
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 Fund 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, Fund V provided seed-funding to the company’s platform investment funds.
Overview
Location
Bermuda, Hamilton
Total raised
$100M
Investors 1
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Funding Rounds 1
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Mentions in press and media 1
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Reviews 0
FAQ about New Ocean
How much funding has New Ocean raised?
New Ocean has raised $100M in total across 1 funding round.
Is New Ocean still active?
New Ocean is probably closed: its latest activity on Parsers VC dates from Oct 24, 2016.