Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

Catlin could raise up to $500m through alternative capital structures


Reuters reports today that the chief executive of Catlin, one of the largest syndicates at Lloyd’s, Stephen Catlin, suggested that they could seek to raise up to $500m to take advantage of the trend for rising catastrophe insurance prices after the heavy toll of disasters so far this year.

In an interview with Reuters, Mr. Catlin said that he believes that they could raise $500m through the use of alternative capital structures such as sidecars or what he termed ‘sister syndicates’. Both would give outside investors access to in demand catastrophe risk and reinsurance linked investment opportunities.

Given the demand currently being seen from investors in the catastrophe bond and reinsurance linked investment markets, we suspect that he’s right and the conditions are right for large capital raising such as this.

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