Sirius to close ILS fund

White Mountains' reinsurance subsidiary Sirius is set to close
its insurance-linked securities (ILS) fund in 2015, however its
Sirius Capital Markets (SCM) division will remain open, sister
publication Trading Risk revealed last
week.
SCM was established in May 2013 with former Deutsche Bank
executive Michael Halsband and property catastrophe underwriter
Deanne Nixon at the helm.
During the pair's tenure, the firm established its initial
platform, with SCM registered as an investment adv