Jan 2020
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.