We seek to achieve capital appreciation over time by assuming natural catastrophe risk where we believe the rate of return exceeds the long-term modeled default probability.
We define success as delivering consistent returns over time, generally with low correlation to other markets and strategies, while attempting to preserve capital during the inevitable loss years.
Our strategies involve prudent investment selection and active portfolio management based on the following tenets:
Natural catastrophe event risk focus
Emphasis on peak perils
Quantitative risk analysis
Dynamic portfolio construction
Evaluate, Engage, Expand
We strive to continuously evaluate the universe of potential investments and look forward for forthcoming opportunities. We also engage in regular discussions with key broker and counterparty colleagues to source private transactions, further expanding the investable universe. When investing new capital, we strive to evaluate the current set of opportunities in light of the risk/return profile, liquidity, diversification value, and ability to efficiently finance the position.