Lodgepine 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.
Lodgepine Capital Management Limited - snapshot
- ILS manager or company name: Lodgepine Capital Management Limited
- Location (HQ / Domicile): Bermuda
- Date of launch: September 2019
- Assets under management *: $100m (first fund deployed at Jul 1st 2021)
- Website link: Lodgepine Capital Management Limited website
Lodgepine Capital Management Limited - Details
Company profile:
Lodgepine Capital Management Limited, is an asset management firm located in Hamilton, Bermuda, with an initial focus on a property catastrophe retrocessional offering.
Lodgepine was founded by Markel Corporation in 2019 as part of Markel’s desire to round out its Insurance Linked Securities (“ILS”) vision and capability, complementing the existing Nephila and State National businesses. Markel has concentrated its significant underwriting capabilities and position in the reinsurance market to establish an innovative retrocessional platform via a single entry-point and platform for cedants.
Lodgepine Capital Management offers cedants a suite of property retrocession products, with coverage available either on a fully collateralized basis, underwritten by Lodgepine Re, or on a rated paper basis underwritten by Markel Bermuda Limited.
Lodgepine Capital Management registered the first Collateralized Insurer class vehicle in Bermuda with Lodgepine Reinsurance Limited.
Number of Strategies:
1
Strategy:
Long-term capital appreciation by investing in the property retrocessional exposures of institutionally mature and large global reinsurance companies.
Lodgepine Fund was launched at July 1st 2021 with $98.9 million of capital, the majority from third-party investors. Lodegepine’s reinsurer Lodegpine Re underwrote a portfolio of property catastrophe retrocession business from its parent Markel, which the Logdepine Fund the subscribed to.
Team size and structure:
17 dedicated staff as well as leveraging the broader Markel group expertise.
Location:
Hamilton, Bermuda.
Contact:
Email: [email protected]
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*Note: Assets under management are prone to fluctuation so the figures here are either the best available or last submitted by included managers.
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