Montpelier Re’s Blue Capital Global Reinsurance Fund is looking to raise fresh capital from institutional and retail investors.The fully collateralised reinsurance and retrocessional linked investment fund, started by the Bermuda-based reinsurer last year, will move ahead with plans for a new share placement, the fund’s board announced yesterday.The move is proof that investors have a growing appetite for exposure to catastrophe reinsurance.The first placement of shares is expected to close in the second quarter of this year, a statement from the company confirmed.The funds raised from the placement will be invested into fully collateralised reinsurance-linked contracts and catastrophe bonds.A further announcement giving full details of the programme will be made when the prospectus is released next month.The close-ended fund listed on London’s Specialist Fund Market and the Bermuda Stock Exchange in December 2012, raising some $100.1 million.