CATCo Reinsurance Opps C

Name
CATCo Reinsurance Opps C
Manager
Markel CATCo Investment Management Ltd
Type
Closed Ended Investment Company
ISIN
BMG1961Q1592
Sector
Sector Specialist: Insurance & Reinsurance Strategies
Launched
01/12/2017
Yield
13.4 %
Fund Size
£ 150.05 million
NAV
1
Gearing
100
Discount Premium
-32
The company is organised as a feeder fund to invest substantially all of its assets in the CATCo Diversified Fund (the Master Fund). The Master Fund is a segregated account of CATCo Reinsurance Fund Ltd. (the Master Fund SAC), a newly established mutual fund company of unlimited duration incorporated in Bermuda. The objective of the Master Fund to give their shareholders the opportunity to participate in the returns from investments linked to catastrophe reinsurance risks, principally by investing in fully collateralised Reinsurance Agreements accessed by investments in Preference Shares of Markel CATCo Re Ltd. (the Reinsurer). The company targets an internal rate of return in excess of LIBOR plus 12% to 15% p.a. on the issue price of its Ords.
Name
Markel CATCo Investment Management Ltd
Address
HM 11, Hamilton, Bermuda
Legal Structure
Closed Ended Investment Company

Managers

Tony Belisle
Joined 12/01/2017

Mr. Belisle has over 25 years of insurance and investment experience, starting with Sun Financial Group (erstwhile Sun Life of Canada) and then tenures with Goldman Sachs & Co., Citadel Investment Group, Fidelity Investments Deutsche Bank, and lastly with Oxygen Insurance Brokers. During his tenure has been credited with pioneering several unique structures within the reinsurance industry especially in areas of catastrophic risk that have included the collateralized reinsurance approach and associated set of contracts. Tony is an actuary and a fellow (FSA) of the North American Society of Actuaries. He graduated with a Bachelor of Arts in Mathematics from the University of New Hampshire

Michael Toyer
Joined 12/01/2017
Mark Way
Joined 12/01/2017
Lindsay Watson
Joined 12/01/2017
Alissa Fredricks
Joined 12/01/2017

Alissa Fredricks is the Chief Risk Officer and is a director of the Investment Manager. She has 13 years’ experience in providing actuarial and catastrophe risk modelling services to the world’s largest insurers, capital markets participants, regulators and rating agencies. Prior to joining the Investment Manager, she held a senior management position within AIR Worldwide. She holds a B.S. in Astrophysics, is a Certified Catastrophe Modeller, and is a qualified Actuary.

Simon Moore
Joined 12/01/2017

Simon Moore is the Co-Chief Underwriting Officer of the Investment Manager. He has over 20 years’ experience in reinsurance and catastrophe modelling with Lloyd’s of London syndicates and leading global broking houses. Prior to joining the Investment Manager, he was the head pricing analyst at Aon Benfield Bermuda, specialising in retrocessional structuring and placement.

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