Management buys out SG’s weather and cat bond funds

Diego Wauters, formerly global head of insurance and weather derivatives at SGin London, led the move. Wauters says his backers include major London-basedfund managers, although he refused to provide names or details regarding thecosts of the buyout. Wauters will work with his six-strong team at the newlycreated London-based firm, Coriolis Capital.

Under the terms of the buyout, all SG’s expertise in the specialist field,including personnel, goodwill, know-how and computer models, have

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