Gefion Insurance A/S €10,000,000 Subordinated Notes Issuance

TigerRisk Capital Markets & Advisory acted as transaction advisor to Gefion

Transaction Overview

Gefion Insurance A/S (“Gefion”) completed a €10,000,000 subordinated notes offering

  • Transaction led by Fermat Capital Management (“Fermat”), a leading ILS manager
  • Proceeds will be utilized to:
    • Build Gefion’s Solvency capital to support growth opportunities
    • Replace existing subordinated debt
    • General corporate purposes

Gefion is a Danish non-life insurance company headquartered in Copenhagen

  • Writes throughout the EU / EEA with a focus on specialty programs in attractive niches
  • Wrote ~€110mm of gross premiums during 2016, its first full year of operation
  • Operates with a differentiated and technology-enabled business model
    • Sophisticated IT enables significant ease of doing business for both agents and reinsurers
  • Supported by partnerships with many of the world’s leading reinsurers
  • Led by a talented and experienced executive management team
    • With significant experience in the (re)insurance and financial services industries

TigerRisk Capital Markets & Advisory Role

TigerRisk Capital Markets & Advisory acted as transaction advisor to Gefion Insurance

  • Evaluated various capital alternatives for Gefion
  • Assisted in the preparation of financial packages and presentations for potential investors
  • Introduced Gefion to a range of potential counterparties including Fermat
  • Assisted Gefion in the negotiation of transaction terms