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Conyers acted for Neuberger Berman Group LLC (the “Company”) in connection with its acquisition of specialist asset manager Cartesian Re, which with its affiliate Iris Reinsurance Ltd., a Bermuda licensed insurance company, manages more than US$1 billion in assets under management (AUM) focusing on the insurance linked strategies (ISL) asset class. Following the closing of the deal, Iris Reinsurance Ltd. was renamed NB Reinsurance Ltd.
The Company provides portfolio management, fund management, tax and financial planning, fiduciary services, financial advocacy, and trust services to its clients. It was founded in 1939 and is based in New York, New York.
Director Charles Collis and Associate Jacqueline King of Conyers’ Bermuda office advised on the matter working alongside Willkie Farr & Gallagher LLP.