This placement follows the closing of TDI placing its debut bond, MMIFS Re Ltd. (Series 2025-1), placed on January 25th, 2025. This made the firm the first Canadian insurer to sponsor a bond focused solely on catastrophe risks in the country. Read more on this cat bond and others issued on our sister publication, Artemis’ Deal Directory. TDI was advised by joint bookrunners GC Securities, a division of MMC Securities, and TD Securities. James Russell, President and Chief Executive Officer (CEO), Senior Executive Vice President, TD Insurance, commented, “Natural disasters can have devastating impacts on Canadians, their families and entire communities.