Press Releases: ITOCHU Corporation Now an Equity Investor in Juniperus Capital Holding Limited
ITOCHU Corporation Now an Equity Investor in Juniperus Capital Holding Limited
Juniperus Capital Limited (JCL) is pleased to announce that ITOCHU Corporation of Tokyo, Japan has become an equity investor in Juniperus Capital Holding Limited as of December 17, 2009. JCL is an investment management company with a strategy of investing in insurance risk by utilizing the traditional reinsurance market as well as capital market transactions.
ITOCHU is expanding its activity in the reinsurance business, building upon more than 30 years of experience and expertise in the brokerage business (as a Lloyd's broker license holder) and businesses related to the financial market (including an asset management business and securities business). ITOCHU considers its investment in Juniperus as an opportunity to be directly involved with the growing activity of insurance risk transfer to the capital markets.
"JCL is very happy to welcome Itochu as a partner. The insurance risk asset class is global and so is the growing demand for investing in the asset class. Given their large presence in Japan and Asia, we are very fortunate to have this relationship with ITOCHU," said Philip Lotz, CEO of JCL.
About JCL:
Juniperus Insurance Opportunity Fund is an open-ended Bermuda incorporated fund focused on investing in insurance related instruments. The Fund invests in traditional (re)insurance instruments and financial market instruments whose performance is driven by underlying non-life insurance risk. The strategy of the Fund is to utilize the extensive reinsurance and capital market experience of the principals of the Investment Manager to create a portfolio with attractive risk-reward characteristics and low correlation
with other asset classes. www.juniperuscapital.com
About ITOCHU:
The history of ITOCHU Corporation dates back to 1858 when the Company's founder Chubei Itoh commenced linen trading operations. Since then, ITOCHU has evolved and grown over 150 years.
With 150 overseas bases in 75 countries, ITOCHU, one of the leading sogo shosha, is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, information and communications technology, aerospace, electronics, energy, metals, minerals, chemicals, forest products, general merchandise, food, finance, realty, insurance, and logistics services, as well as business investment in Japan and overseas.
ITOCHU is expanding its activity in the reinsurance business, building upon more than 30 years of experience and expertise in the brokerage business (as a Lloyd's broker license holder) and businesses related to the financial market (including an asset management business and securities business). ITOCHU considers its investment in Juniperus as an opportunity to be directly involved with the growing activity of insurance risk transfer to the capital markets.
"JCL is very happy to welcome Itochu as a partner. The insurance risk asset class is global and so is the growing demand for investing in the asset class. Given their large presence in Japan and Asia, we are very fortunate to have this relationship with ITOCHU," said Philip Lotz, CEO of JCL.
About JCL:
Juniperus Insurance Opportunity Fund is an open-ended Bermuda incorporated fund focused on investing in insurance related instruments. The Fund invests in traditional (re)insurance instruments and financial market instruments whose performance is driven by underlying non-life insurance risk. The strategy of the Fund is to utilize the extensive reinsurance and capital market experience of the principals of the Investment Manager to create a portfolio with attractive risk-reward characteristics and low correlation
with other asset classes. www.juniperuscapital.com
About ITOCHU:
The history of ITOCHU Corporation dates back to 1858 when the Company's founder Chubei Itoh commenced linen trading operations. Since then, ITOCHU has evolved and grown over 150 years.
With 150 overseas bases in 75 countries, ITOCHU, one of the leading sogo shosha, is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, information and communications technology, aerospace, electronics, energy, metals, minerals, chemicals, forest products, general merchandise, food, finance, realty, insurance, and logistics services, as well as business investment in Japan and overseas.