Sophia Greaves

Experience Highlights

• Advised on the formation of Third Point Reinsurance Ltd. (NYSE: TPRE) (“Third Point”) and its wholly-owned subsidiary, Third Point Reinsurance Company Ltd. (“Third Point Re”), including the licensing of Third Point Re as a Class 4 reinsurer and the funding of Third Point Re by way of an initial private placement comprising the issuance of $784.3 million of equity capital of Third Point.
• Advised on the formation, licensing and subsequent funding of Somerset Reinsurance Limited, a Class E reinsurer.
• Advised Butler University on the on the formation and licensing of the first known student-run captive insurance company.
• Advised Sagicor Financial Corporation Limited (BSE:SFC) (TTSE:SFC) (LSE:SFI), one of the largest financial services groups in the Caribbean, on its continuance from Barbardos to Bermuda.
• Advised The Bank of N.T. Butterfield & Son Limited (NYSE:BNTB) on its US$287.5 million initial public offering and its US$349 million secondary offering.
• Advised Bermuda Commercial Bank Limited (“BCB”) in connection with BCB’s restructuring involving the merger of BCB with BNL I Limited, a wholly owned subsidiary of Somers Limited (“Somers”), resulting in BCB becoming a wholly owned subsidiary of Somers, the delisting of the shares of BCB from the Bermuda Stock Exchange (“BSX”) and the subsequent listing of the shares of Somers on the BSX.
• Advised Textainer Group Holdings Limited (NYSE: TGH) (“Textainer”), the world’s largest lessor of intermodal containers based on fleet size, on numerous credit/loan facilities and asset-backed note securitization transactions, most recently the issuance by Textainer Marine Containers V Limited (an indirect, wholly-owned subsidiary of Textainer) of US$500 million fixed rate asset backed notes which represented on one of the largest ABS transactions in the history of the intermodal containers leasing industry and the initial entry and subsequent refinance by Textainer Marine Containers II Limited (also an indirect, wholly-owned subsidiary of Textainer) of its $1.2 billion warehouse securitization facility.
• Advised CAI International, Inc. (NYSE: CAP) (“CAI”), in connection with the issuance by CAL Funding III Limited (an indirect, wholly-owned subsidiary of CAI) of asset-backed notes totaling US$253.07 million.
• Advised BW Offshore Limited (BWO:Oslo) on the implementation of a long-term financial platform comprising of amendments to the company’s USD2.4 billion facility and other credit facilities, extending the maturity and, inter alia, amending the redemption terms, equity ratio and margin of the Company’s four unsecured bond issuances and a fully underwritten rights issue of 8,559,810,000 new common shares of USD0.01 each at a subscription price of NOK0.10 per share, which was over overwritten by 44%.

Professional Background

• Associate, Reinsurance and Commercial Risk, Barlow Lyde & Gilbert LLP (London and Hong Kong)

Education

• London School of Economics, MSc Politics & Communications (Merit), 2006
• College of Law, London, Legal Practice Course (Commendation), 2005
• King’s College London, LLB (Hons), 2004

Bar Admissions

• Bermuda, Attorney-at-Law, 2007
• England & Wales, Solicitor, 2009 (not currently practising)

Awards & Accolades

• Recognised in the 2020 edition (and since 2018) of Legal 500 Caribbean (banking, finance and capital markets)
• Recognised in the 2020 edition (and since 2017) of Legal 500 Caribbean (corporate and commercial, insurance/reinsurance)
• Recognised in the 2020 edition (and since 2016) of IFLR1000 (financial and corporate)

Associations

• Bermuda Bar Association
• Member of the Board of Directors of the Bermuda Tourism Authority
• Justice of Peace

Corporate Digest: Notable Deals and Transactions – Autumn 2019

Corporate Digest: Notable Deals and Transactions - Spring 2019

Global IPO Report – July 2018

Bermuda Public Companies Update – July 2018

Norway Practice Bulletin – 2018, May 2018

2017 Global Corporate Year in Review, January 2018

Bermuda Public Companies Update – November 2017

Bermuda Securitisations Bulletin, September 2017

Bermuda Public Companies Update – May 2017

Norway Practice Bulletin – 2017, April 2017

Bermuda Insurance Update – 2016 Year in Review, March 2017

Bermuda Corporate Practice Group 2016 Year in Review, January 2017

Bermuda Insurance Update – July 2016

Container Leasing: Bermuda, the Offshore Jurisdiction of Choice, Offshore Investment Magazine, Issue 230, September 2013