Juniperus Capital Explained

Juniperus Capital Limited
Type:Private
Foundation:2008
Location:Bermuda
Industry:Hedge fund (collateralised catastrophe reinsurance and insurance-linked securities)
Homepage:https://www.pillar-capital.com/

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]

Juniperus Capital Limited is now known as Pillar Capital Management.[7]

Management

The fund 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]

Juniperus, now Pillar Capital Management, is jointly owned by the Management Team and Transatlantic Holdings, Inc.[11]

Fund

Juniperus manages Juniperus Insurance Opportunity Fund. The fund focuses on the collateralised catastrophe reinsurance and insurance-linked securities markets.[4] [12] [13] 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] [14] [15]

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.[14] [16] [17] The investment was reportedly made through Benfield Advisory, the group's corporate finance section.[4]

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.[18]

Ownership

Benfield holds a significant ownership position in Juniperus Capital, having purchased $6.6 million of the shares of the company.[4] [14] [19] Benfield also committed to provide up to $2 million in working capital to Juniperus Capital.[14] [19]

In December 2009, Itochu Corporation made a JPY 5 billion equity investment in Juniperus Capital.[15] [20] [21]

External links

Notes and References

  1. Web site: Review of Companies Register – J Public Companies . Bermuda Government . January 17, 2011 .
  2. https://www.nytimes.com/2008/11/30/fashion/weddings/30bache.html "Kathryn Bache, Christopher Lotz"
  3. Web site: Matthias Knab . Occasional successes of con artists haunt hedge fund industry . Opalesque. October 19, 2010 . January 17, 2011.
  4. http://www.businessinsurance.com/article/20080527/NEWS/200013055 "Benfield backs investment fund"
  5. Web site: Benfield Group Ld: Launch of Juniperus Capital L . . May 27, 2008 . January 17, 2011 . dead . https://web.archive.org/web/20110717143942/http://fool.uk-wire.com/Article.aspx?id=200805270700082451V . July 17, 2011 .
  6. Web site: Brodsky . Matt . Cat out of the bag: whether cat bond investors are handed weaker risks was the topic of a debate in New York . https://archive.today/20120710005524/http://findarticles.com/p/articles/mi_m0BJK/is_3_21/ai_n53519356/ . dead . July 10, 2012 . . April 1, 2010 . January 17, 2011 .
  7. Web site: 2012-05-14 . Juniperus Capital Hires Chris McKeown as CEO . 2024-02-26 . www.businesswire.com . en.
  8. Web site: Bios . https://web.archive.org/web/20120317063458/http://www.juniperuscapital.com/about/bios . March 17, 2012 . Juniperus Capital . March 20, 2016.
  9. Web site: Profiting from the Insurance Risk Market . Yahoo! Finance; Press Release . October 25, 2010 . January 17, 2011.
  10. Web site: Velotti named Juniperus CUO . Trading Risk . June 18, 2009. January 17, 2011.
  11. Web site: 2014-06-24 . TransRe and Management of Pillar Capital Increase Ownership Stake in Pillar to 50% Each Pillar Capital Management Limited . 2024-02-26 . www.pillar-capital.com . en-US.
  12. Web site: Cash back with new Benfield fund and reinsurer . The Insurance Insider . May 30, 2008 . January 17, 2011.
  13. Web site: Providing a choice; Philip Lotz, ceo and chairman of Juniperus Capital, answers STORM's questions . Catastrophe . October 2, 2009 . January 17, 2011 .
  14. Benfield invests $50 mln in Juniperus Capital Fund . . May 27, 2008 . January 17, 2011.
  15. Web site: Juniperus bags $40mn from Japanese equity partner . Trading Risk . January 17, 2011.
  16. News: David Ltterick . Get an investment top-up from the growing world of Vodafone . . June 1, 2008 . January 17, 2011.
  17. News: Investment banks' big question . https://archive.today/20120914111518/http://www.thisislondon.co.uk/standard-business/article-23488315-investment-banks-big-question.do . dead . September 14, 2012 . Anthony Hilton . . May 29, 2008 . January 17, 2011 .
  18. Web site: Origin of the Juniperus Name . https://web.archive.org/web/20101109042927/http://www.juniperuscapital.com/about/origin_of_the_juniperus_name . November 9, 2010 . Juniperus Capital . March 20, 2016.
  19. Web site: Benfield Group invests US$50 mln in Juniperus Insurance Opportunity Fund . RTT News . May 27, 2008 . January 17, 2011 . dead . https://web.archive.org/web/20110101084118/http://www.rttnews.com/content/QuickFacts.aspx?Node=B1 . January 1, 2011 .
  20. Web site: ITOCHU Launches Reinsurance Business . ITOCHU Corporation . December 22, 2009 . January 17, 2011 . dead . https://web.archive.org/web/20110717074542/http://www.itochu.co.jp/en/news/2009/091222.html . July 17, 2011 .
  21. News: ITOCHU Corporation; Key Developments . . January 17, 2011.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Juniperus Capital".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.