CATCo launches traditional fund
Insurance investment manager, CATCo has launched Aquilo, the firm's first fund pursuing a traditional reinsurance investment strategy.
The fund will offer investors exposure to global reinsurance risk, insurance-linked securities and other financial instruments and will have a short-term focus on returns, says CATCO. The fund will focus on the underserved small-to-medium-sized insurance market.
Aquillo will be working with an initial $110 million of capital, with plans to grow to $250 million by 2015. Aquilo is the sixth fund to have been launched by CATCo since the company’s inception.
The Bermuda-based fund will be managed by Tony Belisle, CEO of CATCo Investment Management and will be co-managed by Charlie Vaughan and Rick Montgomerie, who recently joined CATCo as directors of underwriting.
Commenting on the new fund, Belisle said: “Within the CATCo Group of Companies there is a growing suite of products individually tailored to meet the different investment criteria for both CATCo’s existing and potential investors.
“CATCo has a reputation for developing innovative solutions for its clients and we look forward to bringing our increasingly diversified investment strategies to the traditional reinsurance sector.”
CATCo manages in excess of $2.5 billion of assets under management.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Intelligent Insurer
Newton Media Ltd
Kingfisher House
21-23 Elmfield Road
BR1 1LT
United Kingdom