Exclusive Financial Advisor to Ariel Re on a $270mm Investment in Syndicate 1910 through London Bridge 2 Structure

Transaction Overview

Ariel Re announced it secured $270mm of new capital from five new institutional and family office investors to support 2023 growth

  • Additionally, existing backers Pelican Ventures and J.C. Flowers have meaningfully increased their underwriting capital commitments

Ariel Re secured $170mm through London Bridge 2 PCC Ltd. (“LB2”) – becoming the first sponsor to raise capital through the LB2 structure

  • LB2 is a Lloyd’s protected cell company established in August 2022 to reduce complexity and give greater flexibility for global investors to participate in Lloyd’s

Ariel Re is a global reinsurance business founded in 2005 with offices in Bermuda, London and Hong Kong

  • Operates principally through Syndicate 1910 in London and also offers access to Lloyd’s Europe via Syndicate 5336
  • Underwrites five focused lines of business – property CAT, cyber, marine and specialty, professional lines and clean energy

Ariel Re was acquired by Pelican Ventures and J.C. Flowers in November 2020

  • Pelican Ventures is a private investment firm specializing in start-up and early-stage investments in the property and casualty insurance industry
  • J.C. Flowers is a leading private investment firm dedicated to investing globally in the financial services industry

Howden Tiger Capital Markets & Advisory Role

HTCMA acted as exclusive financial advisor to Ariel Re; key roles and responsibilities included:

  • Provided objective advice and acted as a confidant to Ariel Re
  • Identified and assisted in discussions with potential investors as an advocate of Ariel Re and its story
  • Ensured the commercial diligence process was comprehensive
  • Assisted in building sophisticated financial models and other analyses
  • Advised on the structuring and negotiation of the transaction and transaction terms
  • Provided objective advice and acted as a sound board to the investors throughout the process

Full utilization of the Howden Tiger senior management team in delivering seamless coverage to Ariel Re