Juniperus Capital

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Juniperus Capital Limited
Private
Industry Hedge fund (collateralised catastrophe reinsurance and insurance-linked securities)
Founded 2008
Headquarters Bermuda
Key people
  • Philip A. Lotz (CEO & Chairman)
  • Stephen A. Velotti (Chief Underwriting Officer)
Website www.juniperuscapital.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]

Management[edit]

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.[7][8][9]

Fund[edit]

Juniperus Capital manages Juniperus Insurance Opportunity Fund. The fund focuses on the collateralised catastrophe reinsurance and insurance-linked securities markets.[4][10][11] 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][12][13]

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.[12][14][15] 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.[16]

Ownership[edit]

Benfield holds a significant ownership position in Juniperus Capital, having purchased $6.6 million of the shares of the company.[4][12][17] Benfield also committed to provide up to $2 million in working capital to Juniperus Capital.[12][17]

In December 2009, Itochu Corporation made a JPY 5 billion equity investment in Juniperus Capital.[13][18][19]

References[edit]

  1. ^ "Review of Companies Register – J Public Companies" Check |url= value (help). Bermuda Government. Retrieved January 17, 2011. 
  2. ^ "Kathryn Bache, Christopher Lotz", The New York Times, November 29, 2008
  3. ^ Matthias Knab (October 19, 2010). "Occasional successes of con artists haunt hedge fund industry". Opalesque. Retrieved January 17, 2011. 
  4. ^ a b c d e "Benfield backs investment fund", Colleen Mccarthy, Business Insurance, May 27, 2008, Retrieved January 17, 2010
  5. ^ "Benfield Group Ld: Launch of Juniperus Capital L". The Motley Fool. May 27, 2008. Archived from the original on July 17, 2011. Retrieved January 17, 2011. 
  6. ^ 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. Archived from the original on July 10, 2012. Retrieved January 17, 2011. 
  7. ^ "Bios". Juniperus Capital. Archived from the original on March 17, 2012. Retrieved March 20, 2016. 
  8. ^ "Profiting from the Insurance Risk Market". Yahoo! Finance; Press Release. October 25, 2010. Retrieved January 17, 2011. 
  9. ^ "Velotti named Juniperus CUO". Trading Risk. June 18, 2009. Retrieved January 17, 2011. 
  10. ^ "Cash back with new Benfield fund and reinsurer". The Insurance Insider. May 30, 2008. Retrieved January 17, 2011. 
  11. ^ "Providing a choice; Philip Lotz, ceo and chairman of Juniperus Capital, answers STORM's questions". Catastrophe. October 2, 2009. Retrieved January 17, 2011. 
  12. ^ a b c d "Benfield invests $50 mln in Juniperus Capital Fund". Forbes. May 27, 2008. Retrieved January 17, 2011. 
  13. ^ a b "Juniperus bags $40mn from Japanese equity partner". Trading Risk. Retrieved January 17, 2011. 
  14. ^ David Ltterick (June 1, 2008). "Get an investment top-up from the growing world of Vodafone". The Daily Telegraph. Retrieved January 17, 2011. 
  15. ^ Anthony Hilton (May 29, 2008). "Investment banks' big question". London Evening Standard. Archived from the original on September 14, 2012. Retrieved January 17, 2011. 
  16. ^ "Origin of the Juniperus Name". Juniperus Capital. Archived from the original on November 9, 2010. Retrieved March 20, 2016. 
  17. ^ a b "Benfield Group invests US$50 mln in Juniperus Insurance Opportunity Fund". RTT News. May 27, 2008. Archived from the original on January 1, 2011. Retrieved January 17, 2011. 
  18. ^ "ITOCHU Launches Reinsurance Business". ITOCHU Corporation. December 22, 2009. Retrieved January 17, 2011. 
  19. ^ "ITOCHU Corporation; Key Developments". Reuters. Retrieved January 17, 2011. 

External links[edit]