Global Retrocessional Reinsurance

The investment objective of the Fund is to give its shareholders the opportunity to participate in the returns from investments linked to retrocessional reinsurance risks, which are high-severity, low frequency events. The investments are diversified geographically and deployed across several non-correlated risk pillars to minimize the amount of investor capital at risk with respect to one single catastrophic insured loss event.

The return is tied primarily to property catastrophe insurance risk, and investments may be exposed to losses arising from hurricanes, earthquakes, typhoons, hailstorms, floods, tsunamis, tornados, windstorms, extreme temperatures, aviation accidents, fires, explosions, marine accidents and other perils.

Insurance Risk Transfer Model