CATCo Investment Management Ltd. Hires Prime Management to Administer Collateralized Reinsurance Funds


HAMILTON, BERMUDA–(Marketwire – January 14, 2011) – Prime Management announced today their appointment as administrator to the CATCo Reinsurance Fund Ltd. and the CATCo Reinsurance Opportunities Fund Ltd. (“Opportunities Fund”). Both funds are dedicated vehicles to allow participation by investors in the collateralized reinsurance market. The Opportunities Fund has the added distinction of being the first to be listed on the London Stock Exchange.

The Opportunities Fund, which initially raised $80 million in capital, is intended to offer investors the opportunity to participate in a diversified and fully collateralized portfolio of catastrophic risk with low correlation to traditional asset classes.

“Prime Management’s experience, capability and responsiveness have made Prime the leading provider of fund administration services to the collateralized reinsurance market and the natural choice for CATCo’s new investment companies,” stated Jason Bibb, COO & CFO of CATCo Investment Management Ltd.

John Whiley, Head of Prime’s Risk-Linked Investment (RLI) Team, added, “Innovation is at the forefront of the RLI market and we are very pleased to be able to work with CATCo on the launch of this new and exciting product within the RLI market.”

Artemis London 2022 - Insurance-linked securities conference in LondonTickets are selling fast for Artemis London 2022, our first ILS conference in London. Sept 6th, 2022.

Register soon to ensure you can attend.

Secure your place at the event here!

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.