Wed, Sep 2, 2015
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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  5. Opalesque Exclusive: Foundation returns slide, but commitment to alternatives remains[more]

    Bailey McCann, Opalesque New York: Private and community foundations posted returns of 6.1 percent for the 2014 fiscal year (January 1 – December 31, 2014), down from the 15.6 percent return reported for FY2013, according to the latest Council on Foundations–Commonfund Study of Investment of End

 

banner