Aug 2023
Conyers advised special purpose insurer Gateway Re Ltd. on its US$355 million catastrophe bond issuance of US$300 million Series 2023-1 Class A Principal At-Risk Variable Rate Notes and US$55 million Series 2023-1 Class B Principal At-Risk Variable Rate Notes. Both notes series are due 24 February 2026 and were listed on the Bermuda Stock Exchange.
Director Alexandra Macdonald and Associate Hailey Edwards of Conyers’ Bermuda office advised on the matter, working alongside Willkie Farr & Gallagher LLP and Sidley Austin LLP.
More information is available at
https://www.businesswire.com/news/home/20230221005285/en/SageSure-and-SURE-Close-Landmark-355-Million-Cat-Bond-Largest-Deal-Since-Hurricane-Ian