Jan 2025
Conyers acted as special Bermuda counsel advising on the establishment and licensing of special purpose insurer Bridge Street Re Ltd.
The transaction included the issuance of US$250 million Series 2025-1 Class A Principal-at-Risk Variable Notes to investors. Conyers’ role included assisting with the preparation of documents, registering the company with the Bermuda Monetary Authority, facilitating the listing of the notes on the Bermuda Stock Exchange and providing Bermuda law advice to the company up to closing. This was the first Bermuda catastrophe bond transaction sponsored by QBE since 2013.
Conyers Director Alexandra Macdonald and Associate Nicole Yearwood advised on this matter, working alongside Willkie Farr & Gallagher LLP as legal advisers to the Issuer. Private Client Senior Associate Davina Hargun and Angelica Wales also assisted with the set up.