Juniperus Capital
Private | |
Industry | Hedge fund (collateralised catastrophe reinsurance and insurance-linked securities) |
Founded | 2008 |
Headquarters | Bermuda |
Key people |
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Website |
www |
Juniperus Capital Limited (Juniperus Capital or JCL) is a Bermuda-based hedge fund. It was incorporated in Bermuda on April 11, 2008.[1][2][3] The investment management company became operational in May 2008.[4][5][6]
The company is named after the Juniperus bermudiana, cedar trees found only in Bermuda that are extremely hardy in the face of hurricanes and other adverse conditions.[7]
Management
![](../I/m/Bermuda_Cedar-01.jpg)
Juniperus Capital is managed by CEO and Chairman Philip A. Lotz (who was formerly the CEO of Swiss Re Capital Management and Advisory) and Chief Underwriting Officer Stephen A. Velotti.[8][9][10]
Fund
Juniperus Capital manages Juniperus Insurance Opportunity Fund. The fund focuses on the collateralised catastrophe reinsurance and insurance-linked securities markets.[4][11][12] Substantial investors in the fund include New York-based reinsurance and risk intermediary Benfield Group Ltd., Tokyo-based Itochu Corporation, Transatlantic Reinsurance Co., and Juniperus Capital management.[4][13][14]
Forbes and The Telegraph reported in 2008 that Benfield Group announced it had made a $50 million (£25.3m) cash investment in Juniperus Insurance Opportunity Fund.[13][15][16] The investment was reportedly made through Benfield Advisory, the group's corporate finance section.[4]
Ownership
Benfield holds a significant ownership position in Juniperus Capital, having purchased $6.6 million of the shares of the company.[4][13][17] Benfield also committed to provide up to $2 million in working capital to Juniperus Capital.[13][17]
In December 2009, Itochu Corporation made a JPY 5 billion equity investment in Juniperus Capital.[14][18][19]
References
- ↑ "Review of Companies Register – J Public Companies". Bermuda Government. Retrieved January 17, 2011.
- ↑ "Kathryn Bache, Christopher Lotz", The New York Times, November 29, 2008
- ↑ Matthias Knab (October 19, 2010). "Occasional successes of con artists haunt hedge fund industry". Opalesque. Retrieved January 17, 2011.
- ↑ 4.0 4.1 4.2 4.3 4.4 "Benfield backs investment fund", Colleen Mccarthy, Business Insurance, May 27, 2008, Retrieved January 17, 2010
- ↑ "Benfield Group Ld: Launch of Juniperus Capital L". The Motley Fool. May 27, 2008. Retrieved January 17, 2011.
- ↑ Brodsky, Matt (April 1, 2010). "Cat out of the bag: whether cat bond investors are handed weaker risks was the topic of a debate in New York". MoneyWatch. Retrieved January 17, 2011.
- ↑ "Origin of the Juniperus Name". Juniperus Capital. Retrieved January 17, 2011.
- ↑ "Bios". Juniperus Capital. Retrieved January 17, 2011.
- ↑ "Profiting from the Insurance Risk Market". Yahoo! Finance; Press Release. October 25, 2010. Retrieved January 17, 2011.
- ↑ "Velotti named Juniperus CUO". Trading Risk. June 18, 2009. Retrieved January 17, 2011.
- ↑ "Cash back with new Benfield fund and reinsurer". The Insurance Insider. May 30, 2008. Retrieved January 17, 2011.
- ↑ "Providing a choice; Philip Lotz, ceo and chairman of Juniperus Capital, answers STORM's questions". Catastrophe. October 2, 2009. Retrieved January 17, 2011.
- ↑ 13.0 13.1 13.2 13.3 "Benfield invests $50 mln in Juniperus Capital Fund". Forbes. May 27, 2008. Retrieved January 17, 2011.
- ↑ 14.0 14.1 "Juniperus bags $40mn from Japanese equity partner". Trading Risk. Retrieved January 17, 2011.
- ↑ David Ltterick (June 1, 2008). "Get an investment top-up from the growing world of Vodafone". The Daily Telegraph. Retrieved January 17, 2011.
- ↑ Anthony Hilton (May 29, 2008). "Investment banks' big question". London Evening Standard. Retrieved January 17, 2011.
- ↑ 17.0 17.1 "Benfield Group invests US$50 mln in Juniperus Insurance Opportunity Fund". RTT News. May 27, 2008. Retrieved January 17, 2011.
- ↑ "ITOCHU Launches Reinsurance Business". ITOCHU Corporation. December 22, 2009. Retrieved January 17, 2011.
- ↑ "ITOCHU Corporation; Key Developments". Reuters. Retrieved January 17, 2011.