Fidelis Raised +$250mm of Capital Markets Retro Capacity

Fidelis raised +$250mm of capital markets sidecar capacity for retro products

• Consisted of $285mm of securities issued through the Socium Re Ltd. third party capital platform
• Provided investors access to worldwide retro risk originated and underwritten by Fidelis
• Transaction was slated to be for the 2021 calendar year; transaction terms remain undisclose

Socium Re Ltd. is a special purpose Bermuda-domiciled segregated accounts company

• Formed by Fidelis in 2018 to allow investors to efficiently access risk originated by Fidelis

Fidelis is a leading specialty, bespoke and (re)insurance business:

• Based in Bermuda with offices in London, Dublin and Bermuda
• Operates across four main business pillars
  • Reinsurance / Retro
  • Bespoke
  • Specialty
  • Partnership / Fee income

TCMA sourced Flexpoint Ford, LLC to serve as anchor investor for the transaction

TCMA acted as exclusive structuring and placement agent to Fidelis

• Provided advice through a challenging fundraising environment for capital raising
• Supported the proprietary product design Fidelis developed
• Identified institutional investors
• Key transaction steps led by TigerRisk included:
  • Providing valuable insight around key transaction terms and conditions
  • Marketing the proprietary product with various capital markets investors
  • Negotiating transaction documents and handling due diligence processes