Blue Capital Management Ltd

The Artemis Insurance-Linked Securities Investment Managers & Funds Directory is a one-stop resource for information on insurance or reinsurance linked investment managers and their ILS fund strategies.

Blue Capital Management Ltd - Snapshot:

  • ILS manager or company name: Blue Capital Management Ltd
  • Location (HQ / Domicile): Bermuda
  • Date of launch: Aug 2006
  • Assets under management *: $790 million (at 31st Dec 2014)
  • Website link: Blue Capital Management Ltd website

Blue Capital Management Ltd - Details

Company profile:

Blue Capital is a specialist alternative asset manager focused exclusively on the global non-life insurance-linked asset class. Blue Capital manages approximately $600 million (December 31, 2013) across a range of funds with alpha and beta investment strategies.

These strategies vary from one another in terms of return objective, risk profile, product focus, geographic diversification, liquidity profile and fee structure. Blue Capital is a wholly owned subsidiary of Endurance Specialty Holdings Ltd., a leader in the global reinsurance market.

Blue Capital is domiciled in Bermuda and licensed by the Bermuda Monetary Authority to conduct investment business.

Team size and structure:
Blue Capital has two dedicated portfolio managers and one assistant portfolio manager. The fund manager draws on a deep bench of 24 professionals with expertise spanning underwriting, risk management, capital markets, accounting, finance, legal and compliance.
Number of strategies (how many funds, sidecars or strategies):

5

Offers private managed accounts?

Yes offers managed accounts, or funds of one, predominantly invested in collateralized reinsurance

Strategy:

Blue Capital offers investors investment strategies within the non-life insurance linked asset class which are focused on the collateralized reinsurance segment of the reinsurance and retrocession market.

Currently Blue Capital allocates very little capital to 144A catastrophe bonds and seeks to differentiate itself from peers in terms of return performance, access to non-US exposures, liquidity of investment format and importantly, through co-investment by Blue Capital’s parent.

Blue Capital Global Reinsurance Fund Limited (BCGR)

BCGR pursues an alpha strategy, seeking to deliver value for investors by generating stable returns which are generally higher than those available within the 144A catastrophe bond market.

BCGR offers investors daily liquidity, access is available to both institutional and retail investors.

Type of investment strategy (fund, sidecar etc):

Closed-ended fund

Launch date:

Dec 2012

Latest AuM:

$185.4 million

Underlying asset types:

Underlying exposures can include collateralized reinsurance contracts, Industry Loss Warranties and Catastrophe Bonds

Target return:

LIBOR +10% p.a net of fees

Blue Capital Reinsurance Holdings Ltd. (BCRH)

BCRH pursues an alpha strategy, seeking to deliver value for investors by generating stable returns which are generally higher than those available within the 144A catastrophe bond market.

BCRH offers investors daily liquidity, access is available to both institutional and retail investors.

Type of investment strategy (fund, sidecar etc):

Common shares

Launch date:

Nov 2013

Latest AuM:

$173.2 million

Underlying asset types:

Collateralized reinsurance

Target return:

LIBOR +10% p.a.net of fees

Blue Capital Mid-Volatility Strategy (BCMV)

BCMV pursues an alpha strategy, seeking to deliver value for investors by generating double digit returns. Fund offers monthly subscriptions and quarterly redemptions. Access is available to institutional investors.

Type of investment strategy (fund, sidecar etc):

Open-ended

Launch date:

Jun 2012

Latest AuM:

$43.4 million

Underlying asset types:

Collateralized reinsurance, Retrocession

Target return:

LIBOR +12% p.a.net of fees

Blue Capital Low Volatility Strategy (BCLV)

BCLV pursues a beta strategy, seeking to deliver value for investors by generating stable returns from risk portfolios which are less exposed to US perils than most other ILS offerings in the marketplace today.
Monthly subscriptions, Quarterly redemptions, access is available to institutional investors.

Type of investment strategy (fund, sidecar etc):

Open-ended

Launch date:

Feb 2014

Underlying asset types:

Collateralized reinsurance

Target return:

LIBOR +5.0% p.a. net of fees

Blue Capital Alpha Strategies

Global property catastrophe reinsurance exposure which is diversified by region, peril and event order and which Blue Capital’s affiliate co-participates alongside to demonstrate alignment of interest in investors.

Non-voting preference shares of special purpose reinsurance vehicles which provide access to attractive risk premia from the global reinsurance marketplace.

Type of investment strategy (fund, sidecar etc):

SPV-based

Launch date:

Jan 2011

Underlying asset types:

Non-voting preference shares of special purpose reinsurance vehicles which provide access to attractive risk premia from the global reinsurance marketplace.

Disclaimer:

The Artemis Insurance-Linked Securities Investment Managers & Funds Directory is provided as-is. Best efforts are made to ensure the contents are accurate at the time of publication but there may be some omissions. Please contact Artemis should you require a change to your listing.




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