Transaction Overview
Hamilton Re announced the formation of special purpose sidecar vehicle Turing Re Ltd.
- Capitalized with an initial $65 million raised in a syndicated placement
- Provides collateralized capacity for the global reinsurance business written by Hamilton Re
- Terms of the transaction were undisclosed
Turing Re represents a key next step in the evolution of Hamilton Re as a diversified company
- 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 a globally diversified reinsurer differentiated by:
- Industry-leading approach to data science and analytics to create superior underwriting value
- Sophisticated approach to portfolio modeling and risk management
- Talented and experienced management team with a proven track record of results
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