fund

Australian investors now have a new way to access the insurance-linked securities asset class as part of a diversified alternative investment strategy thanks to a new investment fund launched by Ibbotson Associates Australia, a unit of Morningstar’s Investment Management division.

Not content with the listing of millions of shares announced a couple of days ago, CATCo Investment Management have listed additional Class C shares of their CATCo Reinsurance Opportunities Fund on the Bermuda Stock Exchange.

The Bermuda Stock Exchange (BSX) has approved the secondary listing of both ordinary and Class C shares of the CATCo Reinsurance Opportunities Fund Ltd., operated by CATCo Investment Management Ltd. Effective on the 20th May, the BSX listing committee approved listing of 87,642,000 ordinary shares and 124,446,737 Class C shares. The primary listing sits on […]

CATCo, a specialist Bermuda based investment manager who operate the London listed CATCo Reinsurance Opportunities Fund, announced yesterday that they have successfully raised an additional $121.1m (after commissions and expenses) through the issuance of over 124m C-shares with institutional investors. The offering was the first from a proposed placing of 400m new shares.

CATCo, the investment manager with a reinsurance opportunities fund listed on the London Stock Exchange, has recently increased its capital base through share issues (article’s here and here on their capital raising activities). Then, we wrote last week that they were expecting to see significant increases in pricing of retrocessional reinsurance which would result in […]

The headline above is something that we hear every year as the U.S. hurricane season approaches and legislators begin their annual discussions about the best way to manage and run State wide catastrophe insurance funds and insurers of last resort. In recent years the discussions have been getting so complex, and often misguided, that no […]

Most, if not all investment managers catastrophe bond funds have seen declines during March in the wake of the 11th March earthquake and tsunami in Japan. Clariden Leu are no exception and their March managers comment reports show just how big the impact of the disaster has been on cat bond funds.

CATCo, the specialist Bermuda based investment manager who operate the London listed CATCo Reinsurance Opportunities Fund, are to seek additional capital by way of a C-Share issuance. They say that current market conditions offer them attractive investment opportunities with the ability to write a portfolio of risk in May/June including enhanced premiums in excess of […]

Catastrophe bond and catastrophe insurance-linked security pricing has dipped in recent weeks as the market comes to terms with the possible losses triggered by the earthquake in Japan on 11th March. Cat bonds are generally trading at lower prices than before the disaster and some deals which are most exposed to the events in Japan […]

The Baldwin & Lyons Insurance-Linked Securities (ILS) Fund dropped 4.37% in March in the aftermath of the Japanese earthquake and tsunami according to their latest market report, published yesterday. The fund is a good indicator of the price adjustment and market nerves which have dominated since the disaster in Japan on the 11th March. The […]