May 2023
Conyers advised Everest Re (NYSE: RE) in its issuance and sale of 4,140,000 common shares at a public offering price of $360 per share. The US$1.5 billion capital raise comes just weeks ahead of the mid-year reinsurance renewals.
Everest Re, a global underwriting leader providing property, casualty and specialty reinsurance and insurance solutions, said it expects to use the net proceeds from the offering for general corporate purposes, which may include expanding its existing business lines and operations.
The Conyers team was led by Director Chris Garrod along with Associate Katie Martin, working alongside Debevoise & Plimpton LLP.