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Markel to wind down retro ILS fund manager Lodgepine

Markel Corporation has decided to wind down its retrocessional reinsurance focused insurance-linked securities (ILS) fund manager, Lodgepine Capital Management, citing retro market headwinds and a challenging fundraising environment. The move comes on the heels of significant catastrophe losses in 2021, which have particularly affected some retro reinsurance products, driving a significant read the full article →

New Nephila offerings planned, retro to transition to Lodgepine: Markel’s Whitt

New opportunities for Nephila Capital to grow its insurance-linked securities (ILS) business are expected to come to fruition over the next year through bespoke offerings and ESG portfolios, while Lodgepine's first retrocession ILS fund launch is just the start, according to Markel Corporation Co-CEO Richie Whitt. Speaking during the Markel second-quarter read the full article →

Markel’s Lodgepine launches first retro ILS fund with ~$100m

Lodgepine Capital Management Limited, the retrocessional reinsurance ILS fund management unit of Markel Corporation, launched its first insurance-linked securities (ILS) fund featuring third-party capital at July 1st 2021 with just under $100 million in assets. Lodgepine Capital Management has been in start-up mode for more than a year, underwriting its own read the full article →

Lodgepine had “terrific” double-digit year in 2020: Markel Co-CEO Whitt

Lodgepine Capital Management Limited, the retrocessional reinsurance ILS fund management unit of Markel Corporation, had a "terrific" year in 2020, delivering double-digit returns on its portfolio which largely avoided any loss impacts during the period. Markel launched the retro reinsurance investment manager in late 2019, bringing a new insurance-linked securities (ILS) read the full article →

Markel hopes to add new ILS inflows during second-half: Co-CEO Whitt

Markel Corporation hopes to see fresh inflows coming into its insurance-linked securities (ILS) business in the second-half of 2020, as the capital markets become less volatile and investor confidence recovers, according to Co-CEO Richie Whitt. As we explained yesterday, insurance-linked securities (ILS) assets under management have declined at Markel's flagship ILS read the full article →

Lodgepine launch timing hit by Covid-19, Markel houses retro portfolio

Timing of the full launch of Lodgepine Capital Management Limited, the recently established retrocessional reinsurance ILS fund management unit of Markel Corporation, may be impacted by the effect of Covid-19 on global investor allocation decisions, the company said recently. In reporting its first-quarter results, Markel said that Lodgepine Capital Management and read the full article →

Lodgepine Reinsurance the first Bermuda “Collateralized Insurer”

Lodgepine Capital Management Limited, the retrocessional reinsurance ILS fund management unit of Markel Corporation, has become the first to register a vehicle under Bermuda's recently established "Collateralized Insurer" class of company. Bermuda's regulator designed the collateralized insurance and reinsurance class of Limited Purpose Insurer (LPI) as a response to the increasing read the full article →

Markel hires Brenton Slade as President of Lodgepine retro ILS play

Markel Corporation has hired Brenton "Brent" Slade from Hamilton Insurance Group to be the President of its newly launched retrocessional reinsurance ILS fund management unit Lodgepine Capital Management Limited. Brent Slade joins Lodgepine Capital Management Limited, the Markel owned retrocessional ILS fund operation based in Bermuda, from his most recent position read the full article →

Markel reveals Lodgepine Capital Management, its new retro ILS platform

Markel Corporation has revealed its awaited new retrocessional reinsurance ILS fund management unit, which is based in Bermuda and called Lodgepine Capital Management Limited. The new Markel insurance-linked securities (ILS) fund manager will focus on retrocession and has launched today along with a reinsurance company, Lodgepine Re. Markel said that Lodgepine Capital's read the full article →