Conyers acted for Liberty Mutual in connection with its latest reinsurance sidecar transaction through its Bermuda company, Limestone Re Ltd. Limestone Re will provide collateralised third-party reinsurance capacity for Liberty Mutual’s US property catastrophe programme, as well as its US homeowners and global property reinsurance business.

The deal is comprised of US$50 million of Bermuda Stock Exchange listed 2020-1 Notes issued by Limestone Re.

Associates Jacqueline King and Jessica Harris of Conyers’ Bermuda office advised on the matter working alongside Willkie Farr & Gallagher LLP.

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