Chaucer Sponsored Thopas Re Ltd. Series 2020-1 Notes

Chaucer successfully renewed its reinsurance sidecar vehicle, Thopas Re Ltd., for 2020

• Provided collateralized capacity for Chaucer Syndicate 1084’s global reinsurance portfolio
• Terms of the transaction were undisclosed

Thopas Re Ltd. is an integral part of Chaucer’s reinsurance strategy

• 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
• In September 2018, The Hanover announced the agreement to sell Chaucer to China Re
  • China Re is a Chinese multi-line insurer writing ~$17.6bn of premiums

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