Marsh & McLennan Companies has invested in Juniperus Capital Holdings. Financial terms weren’t announced. Juniperus is a Bermuda insurance asset manager that focuses on collateralized reinsurance and catastrophe insurance-linked securities. In January, Aquiline Capital Partners acquired a stake in Juniperus along with company management.
Juniperus Capital Holdings Limited (“Juniperus”), a Bermuda-based insurance asset manager focused on collateralized reinsurance and catastrophe insurance-linked securities, today announced that Marsh & McLennan Companies, Inc. (NYSE: MMC), a global professional services firm providing advice and solutions in risk, strategy and human capital, has become a minority partner in Juniperus. Marsh & McLennan Companies joins existing partners Aquiline Capital Partners LLC (“Aquiline”), the New York-based private equity firm investing in financial services that acquired an interest in Juniperus in January of this year, and the Juniperus management team.
Juniperus also announced today plans to rebrand itself and expand its current management team.
“We had been searching for a strong platform like Juniperus for some time, and we believe that we, along with Marsh & McLennan Companies, can leverage our operational expertise and industry experience to provide a unique and compelling opportunity to investors seeking exposure to insurance-related securities,” said Jeff Greenberg, Chief Executive of Aquiline. “We plan to support Juniperus in this increasingly competitive market by strategically expanding its offerings, engaging in a rebranding effort and introducing new funds to serve the Juniperus customer base.”
Juniperus is a fully operational platform with an experienced management team and a successful track record dating back to 2008. Its insurance-linked investment products offer low correlation to traditional asset classes and a favorable liquidity profile to many alternative investments. Through its partnership with Aquiline and Marsh & McLennan Companies, Juniperus gains access to investment expertise and distribution networks that will help it grow into an industry leading insurance asset manager. In addition to the existing Juniperus fund, the management team also plans to launch new funds that cater to varying investor appetites.
“We are excited to welcome Marsh & McLennan Companies as a strategic partner alongside Aquiline, as we pursue this unique market opportunity in alternative insurance investments. With this additional support we will be looking to expand our core investment team in a new start for Juniperus,” said Phil Lotz, Chairman of Juniperus.
“Aquiline and Marsh & McLennan Companies both have substantial experience in the asset management and insurance industries that will be valuable in helping us provide our investors with the attractive insurance-linked products they demand in this environment,” said Steve Velotti, Chief Investment Officer of Juniperus.
About Juniperus Capital Holdings Limited
Juniperus is a Bermuda incorporated investment manager focused on investing in insurance related instruments. Juniperus seeks to identify opportunities in traditional (re)insurance instruments and financial market instruments whose performance is driven by underlying non-life insurance risk. The objective of Juniperus is to create portfolios with attractive risk-reward characteristics and low correlation with other asset classes, utilizing the extensive reinsurance and capital market experience of the principals of the Manager (“Management Team”’).
About Aquiline Capital Partners LLC
Aquiline is a private equity firm based in New York investing in financial services enterprises in industries such as property and casualty insurance, banking, securities, asset management, life insurance and financial technology. Aquiline seeks to add value to its portfolio companies through strategic, operational, and financial guidance.
About Marsh & McLennan Companies
MARSH & McLENNAN COMPANIES (NYSE: MMC) is a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. MARSH is a global leader in insurance broking and risk management; GUY CARPENTER is a global leader in providing risk and reinsurance intermediary services; MERCER is a global leader in human resource consulting and related services; and OLIVER WYMAN is a global leader in management consulting. Marsh & McLennan Companies’ 52,000 colleagues worldwide provide analysis, advice and transactional capabilities to clients in more than 100 countries. The Company prides itself on being a responsible corporate citizen and making a positive impact in the communities in which it operates. Visit www.mmc.com for more corporate information, or www.PartneringImpact.com to learn more about the Company’s world-class capabilities and its solutions to the complex problems enterprises face today.