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Hedge Funds

Reinsurance Hedge Fund Tangency Capital Raises Further $165M | News | 1330 & 101.5 Whbl

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LONDON (Reuters) - Hedge fund Tangency Capital has raised a further $165 million to invest in the property reinsurance market, bringing its size to $265 million as the hurricane season gets under way, one of its co-founders told Reuters on Wednesday. Insured losses from natural catastrophes totaled more than $200 billion in the past two years, leading to a rise in reinsurance premiums. Reinsurers help insurers share the burden of large losses such as hurricanes, in return for part of the premium.

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