May 2026
Conyers advised special purpose insurer Mountain Re Ltd. on its new catastrophe bond issuance of US$100 million Series 2026-1 Class A Principal-at-Risk Variable Rate Notes due 7 June 2029 to investors under a Principal At-Risk Variable Rate Program, which were listed on the Bermuda Stock Exchange.
Conyers’ role included assisting with the preparation of documents, advising on the listing of the notes on the Bermuda Stock Exchange, and providing Bermuda law advice to the company up to closing. This was another Bermuda catastrophe bond transaction sponsored by Spinnaker Insurance Company.
Director Alexandra Macdonald and Associate Kyra Dunstan of Conyers’ Bermuda office advised on the matter, working alongside Willkie Farr & Gallagher LLP as Deal Counsel.