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| Urs Alde |
A Man Investments associated manager, Nephila Capital, has picked up a key institutional mandate from AMP Capital Investors.
The US$35 million mandate was confirmed this week, with AMP Capital Investors investment director for international and future directions funds Sean Henaghan saying the company had been impressed by the non-correlation of the returns in the insurance-linked securities market.
Man Investments head of institutional business Urs Alder described Nephila capital as an alternative investment manager specialising in catastrophe reinsurance.
He said Nephila invested across a range of insurance-linked securities such as insurance and reinsurance contracts, industry loss warranties and catastrophe bonds.
Henaghan said the current environment was particularly attractive since capital in the insurance industry was scarce and premiums were at levels not seen in a long time.
