Mitsubishi Corp. has established an insurance and investment manager, Pentelia Diamond Capital Management Ltd with Pentelia Capital Management, a leader in the management of insurance linked assets. The company has successfully launched Eolia Diamond Ltd with a total commitment of $132 million. Eolia Diamond Ltd. is an alternative investment fund designed to participate abroad in array of insurance-linked assets such as catastrophe bonds, natural catastrophe property reinsurance, mortality assets, terrorism and aviation reinsurance.
Since this kind of fund could raise more than 100 million, this might be a symptom of Japanese institutional investors coming back.
June 10, 2009
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