Transaction Overview
Hamilton Re announced the issuance of $65mm 2019-1 Class A Shares by Turing Re Ltd.
- Latest transaction issued from Turing Re, following the inaugural Series 2017-1 issuance
- Provided collateralized capacity for the global property reinsurance business written by Hamilton Re
- Terms of the transaction were undisclosed
Turing Re Ltd. is a special purpose Bermuda-domiciled insurance vehicle formed in 2017
- Leverages Hamilton’s sophisticated, industry-leading technology, analytics, and systems
- Further allows Hamilton Re to meet the needs of its current and future clients
Hamilton Re is the re/insurance platform for Hamilton Insurance Group (“Hamilton”)
- Hamilton is a Bermuda-based holding company for P&C operations in Bermuda and at Lloyd’s
- Leverages analytics & research to create U/W and investment value for clients & shareholders
TigerRisk Capital Markets & Advisory Role
TCMA acted as sole structuring and placement agent to Hamilton Re
- Provided advice through all stages of the process, driving an optimal outcome for Hamilton Re
- Leveraged the range of TigerRisk’s capital markets, reinsurance, and analytics capabilities
- Key transaction steps led by TCMA included:
- Provided key structuring and portfolio modeling advice and insight
- Selected, introduced and arranged meetings with participating investors
- Offered key insight around transaction terms & conditions
- Provided critical execution support in drafting of investor materials and deal documentation