NEW YORK, Jan. 6, 2015 /PRNewswire/ -- S&P Capital IQ (MHFI) announced today that it has commenced on Standard & Poor's Factual Stock Report coverage on Till Capital Ltd. (TIL).

Till Capital Ltd. is a Bermuda-domiciled company and its wholly-owned subsidiary, Resource Re Ltd., is a Bermuda-domiciled reinsurance company regulated by the Bermuda Monetary Authority with a Class 3A reinsurance license. Through its regulated subsidiaries, the company has been structured to produce underwriting profits from reinsurance policies as well as above average returns on assets under management.

The company's business strategy is to offer reinsurance coverage to a select group of insurance companies, including captive insurers that wish to redeploy capital more productively, profitable privately held insurers with capital constraints that limit growth or wish to redeploy capital more productively, and insurers and reinsurers that are under regulatory capital or ratings stress. The company intends to leverage its experience and background in the resource sector to implement an investment management strategy that will focus on investments in companies in natural resource related assets, as well as the management of a portfolio of liquid securities, such as actively traded stocks, exchange traded funds (ETFs), indices, options, and futures. Till's investment strategy is to maximize opportunity, mitigate risk, and invest in assets and opportunities with significant upside potential.

The three components of the company are reinsurance, an active investment strategy and a passive investment strategy. In its reinsurance business, Till expects to generate underwriting income and have access to capital through reinsurance premiums, or float, which in turn generates investment returns.

The company's active investment strategy will be managed similar to a hedge fund, with a lower risk model for investment which includes self-managed short term trading strategies and Till's strategic relationship with Courant Capital Management LLC. Till's passive investment strategy will include select holdings of high-quality assets in the resource sector with long-term potential for significant returns with little or no holding or ongoing capital and maintenance costs.

Till intends to conduct its reinsurance business primarily through Resource Re Ltd. (RRL), a wholly owned subsidiary of the company. RRL is expected to operate initially through the Multi-Strat Re Ltd. program as a global property and casualty reinsurer and intends to acquire medium to long-term, customized reinsurance. Through RRL, the company will generate cash premiums from reinsurance policies. This cash is considered float and will be utilized over time to fulfill insurance obligations; current returns from investments of float are retained by the company.

Till's Chief Investment Officer, William A. Lupien, has been an innovator in the public financial markets for over 45 years. His career in the securities business began at the California-based brokerage firm of Mitchum, Jones & Templeton (MJT), Inc. in 1965, where he eventually served as President. In 1983, as CEO and Chairman of Instinet Corporation, he successfully expanded the market reach of the world's first electronic stock trading system. As Chairman and CEO of OptiMark Technologies Inc. he co-invented the OptiMark trading system designed for stock markets around the world. From 2005 until the merger, Mr. Lupien served as the investment manager of Kudu Partners LP. Mr. Lupien is also a co-inventor on multiple patents related to electronic securities trading. He is a graduate of San Diego State University.

On August 11, 2014, RRL entered into certain agreements with Multi-Strat Re Ltd. (MSRE), a Bermuda-based private Class 3A insurance company, pursuant to which MSRE has agreed to provide certain underwriting and retrocession related services to RRL.

On October 15, 2014, Till announced that RRL, its wholly owned subsidiary, had acquired 3,000,000 units of Challenger Deep Resources Corp. in a private placement. Each unit consisted of one common share and one warrant. As a result of the acquisition, Till now holds approximately 11% of Challenger's issued and outstanding shares.

On October 14, 2014, Till announced it entered into an agreement to acquire Omega Insurance Holdings, Inc. ("Omega"), a privately held and fully licensed Toronto, Canada based insurance provider. Till will pay an aggregate purchase price of 1.2 times book value, or approximately CDN$15.4 million in exchange for all of the issued and outstanding shares of Omega. Completion of the acquisition is subject to approval of Canada's Office of the Superintendent of Financial Institutions.  Till expects the acquisition to close in the first quarter of 2015.

With over $40 million in assets and operating since 2004, Omega offers secure, innovative and customized solutions for Insurers and Reinsurers entering and exiting the Canadian insurance market. Omega offers cost-effective, unique insurance solutions managed by a team of dedicated, seasoned professionals. 

Omega's expertise in both the Canadian start-up phase and Canadian run-off phase for a foreign insurance company gives Omega a strategic advantage in its two main target markets:

1. To provide those insurers wishing to access the Canadian market, an ability to do so in the most efficient manner, through fronting arrangements and other creative solutions;
2. To provide those insurers wishing to exit Canada, through a dedicated company deep in experience in handling "run-off" business, an ability to facilitate such an exit so that their financial, legal, and moral obligations are met on a continuing basis, while being able to repatriate their surplus capital in a more timely fashion.

On April 17, 2014, the company completed a reorganization plan whereby shares of Americas Bullion Royalty Corp. were exchanged on a 100:1 ratio for shares of Till, which was formerly known as Resource Holdings Ltd. According to the company, the reorganization allowed Till to enter the reinsurance business and access additional capital for financing and diversification. Additionally, it allowed the company to exit the direct mineral exploration business in favor of an equity holding strategy in the resource sector coupled with continued exposure to royalty interests.

Till Capital Ltd. is a Bermuda-domiciled company. It maintains an administrative office in Hayden, Idaho.

S&P Capital IQ's Factual Stock Report coverage on Till Capital Ltd. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit http://www.tillcap.com for additional information.

About S&P Capital IQ's Factual Stock Reports
Currently profiling approximately 400 issuers, S&P Capital IQ (MHFI) Factual Stock Reports increase market awareness of issuers in the investment community with insightful commentary, key statistics, and relevant corporate information.  The Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information on the covered companies to reach a wide spectrum of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the Reports also capture recent company developments, a financial review, key operating information, industry and peer comparisons, Street Consensus, performance charts, business summary, fundamental data, and timely news stories. Coverage of these reports is underwritten by the issuer, therefore S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.

S&P Capital IQ Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations.  S&P Capital IQ does not trade on its own account.

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