Hamilton Re Sponsored Turing Re Ltd. Series 2020-1 Notes

Hamilton Re announced the issuance of Series 2020-1 notes by Turing Re Ltd.

• Latest transaction issued from Turing Re, following the Series 2017-1 and Series 2019-1 issuances
• Provided collateralized capacity for the global property reinsurance business written by Hamilton Re
• Transaction closed on December 24, 2019; 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
• Recently announced agreement to acquire Pembroke Managing Agency and Ironshore DAC
  • The transaction almost doubles Hamilton’s premium base and expands geographical presence
• Leverages advanced technology and analytics to drive returns on both sides of the balance sheet

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