With a focus on insuring positive returns, market players are turning to more creative methods to their deal structuring. To be sure, it has brought a provocative flair to the market, in a phenomenon that is moving the ever-changing private placement landscape. Case in point, a recent structured transaction from Centre Group Holdings Ltd.
Based in Bermuda, the company is providing the private placement market with a vehicle that, while innovative in structure, still accomplishes capital market objectives. "A pioneer in the emerging area of alternative risk financing, Centre occupies an important space in the convergence of banking and insurance," said one company spokesman.