Oct 2019
Conyers provided Bermuda advice to International General Insurance Holdings Ltd. (“IGI”) on its business combination agreement with Tiberius Acquisition Corp. (NASDAQ: TIBR) (“Tiberius”).
The transaction is expected to close in Q1 2020 and add approximately US$120 million of equity to IGI’s balance sheet after giving effect to transaction expenses. Under the terms of the business combination agreement, IGI and Tiberius will combine under a new holding company to be domiciled in Bermuda, International General Insurance Holdings Limited, Bermuda (“IGI Holdings”), and IGI Holdings is expected to be listed on the Nasdaq Capital Market under the symbol “IGIC”.
Director Sophia Greaves and Associate Jennifer Panchaud and Katie Martin of Conyers’ Bermuda office advised on the matter, working alongside Freshfields.