Liberty Mutual Creation of Limestone Capital Markets Platform

TigerRisk Capital Markets & Advisory (TCMA) acted as structuring & placement agent to Liberty Mutual

Transaction Overview

Liberty Mutual Group announced the creation of its Limestone Capital Markets Platform

  • Entered into inaugural multi-year collateralized reinsurance transaction with ~$160mm of capital
  • Led by Limestone Re Ltd., a newly-formed Bermuda-domiciled segregated account company
  • Provides a highly innovative initial product for investors that includes risk covering
    • U.S. Property Catastrophe
    • U.S. Homeowners
    • London Market Specialty Insurance
  • Transaction closed on December 20th, 2016; terms of the transaction were undisclosed

The platform represents a key strategic initiative for Liberty Mutual

  • Leveraging Liberty’s unique global underwriting and distribution platform
  • Bringing capital markets investors as close as possible to underlying risk

Liberty Mutual Group is a leading diversified global insurer

  • #73 on the Fortune 100 list of largest corporations in the U.S. based on 2015 revenue
  • 6th-largest U.S. P&C insurer by consolidated 9/30/16 statutory surplus
  • Employs more than 50,000 people in 800 offices throughout the world

TigerRisk Capital Markets & Advisory Role

TCMA acted as structuring and placement agent to Liberty Mutual Group

  • Provided advice through all stages of the process, driving an optimal outcome for Liberty
  • Leveraged the range of TigerRisk’s capital markets, reinsurance, and analytics capabilities
  • Key transaction steps led by TCMA included:
    • Provided critical pricing and portfolio modeling advice and insight
    • Selected, introduced and arranged meetings with key participating investors
    • Instrumental in transaction structuring to achieve a positive outcome for all parties
    • Offered key insight around key transaction terms & conditions