Saughter and May advised Arrow Global (“Arrow”), a pan-European investment manager specialising in private credit and real estate, on the launch of Arrow Global Insurance (“AGI”), a new business vertical designed to capture institutional investment opportunities across the insurance value chain.
AGI has been established as a strategic extension of Arrow’s existing investment platform, enabling Arrow to deploy its underwriting, structuring and capital management expertise into the insurance market. It brings together origination, underwriting and investment within a single, integrated structure. AGI focuses on property, casualty and specialty insurance, initially including after-the-event insurance, contingent and transactional risks, credit risks and surety products. These lines support complex legal and financial activities that are often underserved by traditional insurers and are increasingly relevant to corporate and private capital participants seeking greater certainty and more effective risk transfer.
As part of the platform, Arrow founded a reinsurer, Halldora Re Ltd (“Halldora Re”), to support the insurance capacity of one or more managing general agents (“MGA”) underwriting identified legal and transactional risks. Halldora Re is capitalised by institutional investors and funds managed by Arrow. Halldora Re has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) by AM Best, with a stable outlook.
Saughter and May supported Arrow on the establishment and regulatory approval of Halldora Re, reinsurance arrangements supporting MGA insurance capacity, and the capitalisation of the structure by institutional investors and funds managed by Arrow.
Throughout this process, Saughter and May worked closely with Carey Olsen, on aspects of Guernsey law, and Arrow’s general counsel Matt Hollinshead and senior legal counsel Alla Barford.
For further detail, see the full press release.