New Ocean is a Bermuda-based asset manager, founded by XL Group and Stone Point Capital in 2013, to provide unique access to the traditional (re)insurance market, the collateralized reinsurance market and the reinsurance capital markets. Our ownership structure allows us to satisfy the emerging investor appetite for growth opportunities across multiple (re)insurance risk classes, including property catastrophe reinsurance. We're supported by XL's insights, risk management, analytics, accounting and other operational support services.


Chris McKeown, the founding CEO of New Ocean, has 30 years of reinsurance and alternative asset management experience, including:

  • Former CEO of CIG Re and New Castle Re, companies funded by investment vehicles managed by Citadel Investment Group, with over $1.5 billion of capital under management
  • Former CEO and Chief Underwriting Officer of Ace Tempest Re (Bermuda), with assets of $2.0 billion
  • Senior executive level positions with Guy Carpenter & Co.
Respected Institutional Partners

New Ocean was formed in 2013 by XL Group and Stone Point Capital with over $130 million of initial investment capital.

During 2016 Mitsui & Co. acquired a stake in New Ocean while subsequently committing additional capital.