Chaucer Established Thopas Re Ltd. Special Purpose Vehicle

Chaucer announced the formation of reinsurance sidecar vehicle Thopas Re Ltd.

• Capitalized with an initial $95 million of third-party investor capital
• Will provide collateralized capacity for Chaucer Syndicate 1084’s global reinsurance portfolio
• Terms of the transaction were undisclosed

Thopas Re Ltd. represents a key development in the evolution of Chaucer’s business

• Provides Chaucer with greater scope and flexibility to support the evolving needs of its clients

Chaucer is a leading international specialty insurance group

• Protects clients in over 200 countries through its offices in Europe, MENA, Latin America and Asia
• Provide clients with market-leading cross class capabilities and a tailored approach
• Talented and experienced management team with a proven track record of results
• Part of The Hanover Insurance Group, one of the largest insurers in the U.S.

TCMA acted as sole structuring and placement agent to Chaucer

• Provided advice through all stages of the process, driving an optimal outcome for Chaucer
• 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