Conyers acted as special Bermuda counsel, advising on the establishment and licensing of Four Lakes Re Ltd. as a special purpose insurer. The transaction included the issuance of a total of US$175,000,000 Series 2021-1 Principal At-Risk Variable Rate Notes to investors. Conyers’ role included advising on the registration of the company with the Bermuda Monetary Authority, facilitating the listing of the notes on thes Bermuda Stock Exchange and providing Bermuda law advice to the company up to closing. This was the first variable rate note vehicle of 2020/1 sponsored by American Family Mutual Insurance Company S.I.

Director Alexandra Macdonald and Associate, Sophia Collis of Conyers’ Bermuda office advised on the matter.

Stay current with our latest legal insights and subscribe today