OAK Global sponsors debut catastrophe bond in upsized $150m Quercian Re issuance
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.”
ENDS
About OAK Global
OAK Global, OAK Reinsurance, OAK Enterprise and OAK Horizon are trading names of OAK Servco Limited (company number 15702736). OAK Servco Limited is an Appointed Representative of Polo Managing Agency Limited (company registration number 03935227, FCA firm reference number 204976). In an era of evolving risk, we support our clients today in building resilience for tomorrow. Combining science and data-driven analytics with extensive underwriting expertise, we deliver innovative risk solutions and leading insight. Through our commitment to collaborative, long-term partnerships, our team tailors these solutions to each client’s specific needs. Underwriting through Syndicates 2843 and 1440, rooted in the strength of Lloyd’s which holds Financial Strength ratings of: A+ AM Best, AA- S&P and AA- Fitch.
Find out more here: www.oakglobal.com
Media contact:
Omnia Partners: Victoria Sisson, William Mutton, Nathalie Crystal
OakGlobal@weareomniapartners.com
