Hamilton Re Established Turing Re Ltd. Special Purpose Vehicle

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