Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Bermuda set to welcome yet another cat fund

10 September 2010

Former Oxygen Re broker Tony Belisle says he has secured a drawdown facility of more than $1bn from investors to launch a collateralised reinsurance cat fund on Bermuda.

The new fund manager, Catco Investment Management and its reinsurance fund is expected to go live on 1 December, continuing the recent trend for dedicated cat reinsurance funds.

The fund offers another example of capital markets capacity gearing up to profit from a hard (re)insurance market should a large event occur in...

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