Bermuda-based Hiscox has said that assets under management in its Kiskadee insurance-linked strategies (ILS) funds have grown to over $400 million at January 1, 2015.
According to the firm, Kiskadee has received firm commitments of additional capital for deployment between now and the summer 2015 reinsurance renewal season.
The Kiskadee Diversified Fund and Kiskadee Select Fund are actively managed open-ended Bermuda domiciled funds.
Jeremy Pinchin, chief executive officer of Hiscox Re, said: "Our Kiskadee funds combine superior risk selection with diversified market access provided by the Hiscox Group. We believe this is a truly distinctive offering and so are pleased at the enthusiastic response from new and existing investors. Hiscox has a long history of managing alternative forms of capital. Kiskadee is a natural continuation of working with like-minded, long-term partners and offering enhanced solutions to our reinsurance clients."
Bermuda, Hiscox, Insurance, ILS, The Kiskadee Diversified Fund, Kiskadee Select Fund, Jeremy Pinchin