ROSH CAPITAL RAISES $600M TO LAUNCH ROSH RE

US asset manager Rosh Capital Management has launched Rosh Re as a new Bermudian investment-oriented reinsurer after having raised $600m from WM Holding, the private family office of investor Ajay Kumar, Artemis.bm has reported. Rosh Re is to provide traditional specialty casualty reinsurance and what it deemed “bespoke rehabilitative solutions”, which are likely legacy-related arrangements. It remains unclear whether Rosh Re will operate as part of the hedge-fund reinsurer Rosh Capital established in 2018 or whether the two will share management. “I am excited to invest in Rosh Capital Management LP’s differentiated reinsurer and to partner with [Rosh Capital chief executive] Michael [Jacobs] and his team,” said Kumar. “I have been seeking to capitalise on the exceptional opportunity this hardening market brings and found Michael’s unique strategy compelling and unlike any I have seen in the reinsurance space.”