Global reinsurance broker and advisory firm Gallagher Re supported OAK Global’s inaugural entry into the insurance-linked securities (ILS) market via Arthur Re Ltd., its Bermuda-based platform, which is designed to streamline the issuance of index catastrophe bonds by reducing both cost and time to market.
The Quercian Re 2026-1 notes provide three-year, annual aggregate protection against US and Canada named storms, earthquakes, and US wildfire events.
The transaction provides fully collateralised retrocessional reinsurance protection to OAK Reinsurance Syndicate 2843 at Lloyd’s, strengthening its underwriting portfolio with diversified capital markets capacity.
The deal was executed through Arthur Re, a Bermuda-based segregated accounts company designed to simplify and improve the efficiency of index-triggered catastrophe bond issuance for sponsors, reducing both time to market and transaction costs.
Jason Bolding, Global CEO, Gallagher Securities, commented, “Quercian Re 2026-1 demonstrates the strength of Arthur Re as a platform to deliver faster, more efficient index catastrophe bond issuance, enhancing how we connect clients with capital markets.”
Paddy Ellis, Global Head of Retrocession, Gallagher Re, added, “This transaction highlights how Gallagher Re is product agnostic, integrating innovative retrocession solutions such as Arthur Re, and accessing the most suitable and cost-efficient capital for our clients.”
