Conyers advised special purpose insurer Four Lakes Re Ltd. on its new placement of US$100 million Series 2022-1 Class A Principal At-Risk Variable Notes, due 7 January 2026.
Conyers’ role included assisting with the preparation of documents, facilitating the listing of the notes on the Bermuda Stock Exchange and providing Bermuda law advice to the company up to closing. This catastrophe bond transaction was the first sponsored by the American Family Mutual Insurance Co. in 2022.
Director Alexandra Macdonald and Associate Nicole Yearwood of Conyers’ Bermuda office worked alongside Mayer Brown LLP.
More information is available here.