Tue, Aug 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Resource Holdings to raise capital for veteran investor and hedge fund manager Bill Lupien's new reinsurer

Thursday, September 26, 2013

Matthias Knab, Opalesque:

Resource Holdings Ltd. is offering its shares to accredited investors with a minimum investment of $1 million. The capital is being raised to fund its wholly owned subsidiary, Resource Re Ltd., which has been licensed as a Class 3A insurer by the Bermuda Monetary Authority. Resource Re is the first of what is expected to be many Participating Reinsurers that will be part of the Multi-Strat Re program.

Each Participating Reinsurer follows the model originated by Warren Buffett and more recently replicated by David Einhorn (Greenlight Capital Re) and Dan Loeb (Third Point Re), whereby the earnings of the reinsurer are largely driven by the investment returns on the equity capital and reinsurance reserves generated by its sponsor, who manages all of the investable assets of the reinsurer.

Platform model allows managers set up a reinsurance business in as little as 90 days

According to Bob Forness, the CEO of Multi-Strat Re, "Building a standalone reinsurer from scratch requires the sponsor to redirect internal resources for 18 months to 2 years, make personal investments of more than $50 million, guarantee more than $25 million of executive compensation to attract reinsurance executives before raising one penny of capital, and set a very high target for a capital raise whereby all investors must invest at the same time, which is like herding cats.

Instead, we have made the investment in infrastructure and staff for......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos

  5. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq