Mitsubishi Corporation(MC) has established a new insurance and investment manager, Pentelia Diamond Capital Management Ltd., based in Bermuda with Pentelia Capital Management (Bermuda) Ltd. (Pentelia Capital Management), a leader in the management of insurance linked assets. The company has successfully launched Eolia Diamond Ltd., with a total capital commitment of approximately US$ 132 Million.

Eolia Diamond Ltd. is an alternative investment fund designed to participate in a broad array of insurance-linked assets such as catastrophe bonds, natural catastrophe property reinsurance, mortality assets, terrorism and aviation reinsurance. It blends traditional (re)insurance approaches with emerging capital market approaches.

 

MC will make a full-scale entry into the growing insurance-linked assets business with its strong partnership with Pentelia Capital Management. This innovative joint-venture for insurance-linked assets business is a first for Japanese companies. As insurance-linked assets have a low correlation with the other traditional financial assets such as stocks, corporate bonds and FX, certain investors looking for further diversification will focus their attention on this type of assets during capital market turmoil.

 

Establishment：     April 2009

Head Office：       Bermuda

Shareholders：      Pentelia Capital Management

Diamond Financial Solutions (MC’s 100% Subsidiary）

Representatives：   Michel Queruel (CO-CEO)

Masahide Kitade（CO-CEO）

Main Business：     Management of Insurance Fund

 

Establishment：     April 2007

Head Office：       Bermuda

Shareholders：      NATIXIS Alternative Investment International

                  White Mountains Insurance Group, Ltd.

Representative：    Michel Queruel (CEO)

Main Business：     Management of Insurance Fund