Pentelia Capital Launches Insurance Fund

Nataxis and White Mountains Insurance Group Ltd. have formed Pentelia Capital Management, a Bermuda-based asset management company focused on the insurance risk securitization market. PCM's initial fund is capitalized with $600 million, and will invest in a diversified portfolio of life and non-life insurance-linked assets, including adverse mortality bonds, weather derivatives, terrorism insurance, life settlements, cat bonds and property catastrophe reinsurance. www.whitemountains.com