The latest new product launch from OAK Global;
OAK Global, a leading global risk partner underwriting through two dedicated syndicates at Lloyd’s, has made its debut in the catastrophe bond market with the sponsorship of a $150 million Quercian Re 2026-1 issuance, marking a significant milestone in the continued development of its specialist Lloyd’s platform.
Structured on an annual aggregate and industry loss trigger basis, the transaction provides OAK Reinsurance Syndicate 2843 with fully collateralised, multi-year retrocession protection against US and Canada named storms and earthquakes, as well as US wildfire events, over a three-year term to 2029.
The debut issuance drew strong support from a diversified capital market investor base, allowing OAK Global to secure a 100% upsized placement.
Alex Winfield, Co-Founder, Chief Capital Officer and Head of Strategy for OAK Global, said: “Entering the catastrophe bond market is an important moment in OAK Global’s development. It reflects both the continued build-out of our platform and our ambition to access a broader, more diversified base of capital partners.
“This issuance enhances our ability to match risk to capital efficiently, while supporting the long-term, partnership-led approach that underpins our value proposition to clients.”
Ciara Svensen, Head of Ceded for OAK Global, said: “An efficient and diversified retrocession programme is central to our strategy and cat bonds will play an important long-term role in this.
“The cat bond market offers an attractive and complementary source of protection, particularly for more remote peak perils, where we continue to see strong pricing and demand from investors.”
Deepon Sen Gupta, Head of Capital Partnerships for OAK Global, said: “We are delighted to have secured such strong support from the global ILS investor community that reinforces the firm’s broader ambition to build a resilient, scalable business supported by long-term capital partnerships across both traditional and alternative markets.
“This transaction demonstrates our ability to access new forms of capital and further strengthens our position as a forward-looking risk partner.”
Be the first to comment