Hamilton Re sets up $65mn Turing Re sidecar

Hamilton Re has established its first ever special purpose
vehicle to provide collateralised capacity for its reinsurance
portfolio.
Turing Re has been funded with $65mn of capital raised from a
private placement and syndicated among a number of investors.
The sidecar vehicle will cover Hamilton Re's property treaty
book of business.
TigerRisk Capital Markets & Advisory acted as sole
structuring and placement agent on the transaction, while Willkie
Farr & Gallagher acted as legal counsel