AUM launches $10mn ILS fund linked to Barbados captive Ocean Re
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AUM launches $10mn ILS fund linked to Barbados captive Ocean Re

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AUM Asset Management has launched the ILS Ocean Fund, the first ILS vehicle linked to a Barbados captive.

With $10mn of share capital, the Ocean fund will take a cut of the Barbados captive company in which it is invested, Ocean Re, taking a vertical cut of all lines of business excluding life.

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