Sompo International Establishes Blue Lotus Re Ltd. Special Purpose Vehicle

TigerRisk Capital Markets & Advisory (TCMA) acted as exclusive structuring and placement agent to Sompo Int’l

Transaction Overview

Sompo International completed the formation of reinsurance sidecar vehicle Blue Lotus Re Ltd.

  • Capitalized with an initial $62 million of third-party investor capital
  • Will provide collateralized capacity for Sompo International’s global CAT reinsurance portfolio
  • Terms of the transaction were undisclosed

Blue Lotus Re Ltd. represents a key step in Sompo International’s third party capital strategy

  • Further develops relationships with institutional ILS investor capacity

Sompo International is a global specialty provider of P&C insurance and reinsurance

  • Headquartered in Bermuda with local presences in the U.S., the U.K., Europe, and Asia-Pacific
  • Talented and experienced management team led by Chairman and CEO John Charman
  • Excellent financial strength ratings of A+ (Superior) from A.M. Best and A (Strong) from S&P
  • Part of Sompo Holdings, Inc., one of the largest P&C groups in the Japanese domestic market

TigerRisk Capital Markets & Advisory Role

TCMA acted as exclusive structuring and placement agent to Sompo International

  • Provided advice through all stages of the process, driving an optimal outcome
  • 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