Mar 2026
Conyers advised special purpose insurer Gateway Re Ltd. on its US$175 million Series 2026-2 Principal At-Risk Variable Rate Notes, comprising US$75 million Series 2026-2 Class A Principal At-Risk Variable Rate Notes due 6 July 2029 and US$100 million Series 2026-2 Class B Principal At-Risk Variable Rate Notes due 6 July 2029 to investors.
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 SageSure’s thirteenth catastrophe bond.
Conyers Lawyers and any onshore firms worked alongside Director Alexandra Macdonald and Associate Nicole Yearwood of Conyers’ Bermuda office advised on the matter, working alongside Willkie Farr & Gallagher LLP and Sidley Austin LLP.