01 Jun 2020

Alamo Re II Pte. Ltd’s issuance of Series 2020-1 Class A Principal At-Risk Variable Rate Notes

Partners Simon Goh, Lee Xin Mei and Cheryl Tan from Rajah & Tann Singapore acted as Singapore deal counsel in the US$400 million issuance of Series 2020-1 Class A Principal At-Risk Variable Rate Notes by Alamo Re II Pte. Ltd., a special purpose reinsurance vehicle, with Hannover Ruck SE as the ceding insurer. This is the first catastrophe bond to be issued out of Singapore by Texas Windstorm Insurance Association.