Pillar Capital Management Limited
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.
Pillar Capital Management Limited - Snapshot:
- ILS manager or company name: Pillar Capital Management Limited
- Location (HQ / Domicile): Bermuda
- Date of launch: Jun 2008
- Assets under management *: $369.494m (Gross assets under management as of Dec 31st, 2015)
- Website link: Pillar Capital Management Limited website
Pillar Capital Management Limited - Details
Pillar Capital Management Limited (“Pillar”) is a Bermuda based incorporated independent investment manager dedicated to investing in insurance related instruments.
Team size and structure:10 people, including investment team of 5.
Number of strategies (how many funds, sidecars or strategies):
Offers private managed accounts?
The premise of Pillar’s core strategy is that natural catastrophes have limited correlation to the broader financial markets, as most recently demonstrated by the financial crisis of 2008.
Pillar offers access to returns through participation in the property catastrophe reinsurance market. The objective of Pillar is to create portfolios with attractive risk-reward characteristics, diversification through geography, peril and time, low correlation with other asset classes, a disciplined underwriting process and utilize the extensive reinsurance and capital market experience of the management team.
Pillar focuses on property risk, specifically property catastrophe risk emanating from hurricanes, earthquakes, tornadoes, hail storms, and brush fires. These risks are “short tailed” meaning investment returns are known relatively quickly, involve investments that are generally renewed and re-priced annually, have pricing determined by supply and demand of capital and risk appetite, involve returns dependent on natural events rather than economic activities and positions that are self liquidating.
Pillar’s core investment strategy involves taking risk through primary reinsurance. Pillar is run by reinsurance professionals who are seasoned and focused with an average of 20 years’ experience in their relevant roles.
Pillar has a proven track record dating back to 2008 and is focused on optimizing returns for investors, without having competing objectives from rating agencies & other mandates.
Pillar’s gross assets under management includes two funds, the Juniperus Insurance Opportunity Fund Limited and the Pillar Value Fund Limited.
Juniperus Insurance Opportunity Fund Limited
$308.299 million (as of 31st Dec 2015)
Pillar Value Fund Limited
$61.195 million (as of 31st Dec 2015)
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