Alexandra Macdonald

Director

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Alexandra Macdonald is a Director in the Bermuda Corporate practice. Alexandra’s practice includes all aspects of corporate and commercial law in Bermuda, with a focus on insurance and investment fund law and regulation.

Alexandra specialises in incorporating and licensing insurers and reinsurers, including captives, special purpose insurers, sidecars and segregated account companies and in the creation and offering of cat bonds. She has advised on the formation, licensing and listing on the Bermuda Stock Exchange of numerous cat bond special purpose insurance vehicles. Alexandra also has expertise in establishing investment funds, including hedge funds, private equity vehicles, closed ended funds, and master and feeder structures.

She has an active general corporate practice, including advising on the Bermuda law and regulatory aspects of acquisitions, continuations, amalgamations and reorganisations for both local and exempted companies.

Jurisdiction

Bermuda

Experience

Advised on the establishment and licensing of Greengrove Re Ltd. as a special purpose insurer. The transaction included the issuance of US$100 million Series 2025-1 Class A Principal At-Risk Variable Notes to investors.
Advised special purpose insurer Sakura Re Ltd. on its US$150 million catastrophe bond issuance, comprising Series 2025-1 Class A Principal At-Risk Variable Rate Notes due 5 April 2029.
Advised Gateway Re Ltd., a special purpose insurer, on the issuance of its US$150 million Series 2025-2 Class A Principal At-Risk Variable Rate Notes due 7 July 2028 to investors.
Advised special purpose insurer Hestia Re Ltd. on its US$300 million catastrophe bond issuance including US$200 million Series 2025-1 Class A Principal At-Risk Variable Rate Notes and US$100 million Class B Principal At-Risk Variable Notes due 13 March 2028 to investors.
Advised Alamo Re Ltd., a special purpose insurer sponsored by Texas Windstorm Insurance Association (TWIA), the residual market property insurer for the State of Texas. The transaction involved collaboration with Hannover Rück SE as the ceding reinsurer.
Advised Fidelis Insurance Holdings Limited in connection with a secondary SEC-registered public offering by certain shareholders (including CVC, Crestview, Travelers and ADIA) of 9 million common shares at a price of US$16.00 per common share on the New York Stock Exchange.
Advised on the establishment and licensing of Integrity Re III Ltd. as a special purpose insurer, sponsored by American Integrity Insurance Group.
Advised on the establishment and licensing of MMIFS Re Ltd. a special purpose insurer, sponsored by TD Insurance.