Jamieson is pleased to announce that it has advised Cathal Carr and the management team of OAK Reinsurance, a new company aiming to establish a leading global reinsurance franchise, on the terms of the institutional investment by Bain Capital.
OAK Re, founded by CEO Cathal Carr, is set to launch its Lloyd’s syndicate later this year in alignment with market’s efforts to strengthen its position as a leader in reinsurance. The company aims to demonstrate how underwriting expertise, combined with science and data-driven analytics, can provide benefits for clients, investors, and the broader market. It aims to write $300 million of premium in 2025 with support from capital providers and partners.
David Kirkpatrick and Matthew Mowat advised the team on their investment into the structure and the economic terms of the management equity program.
