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Conyers advised Pacific Investment Management Company LLC (“PIMCO”) with the formation and launch of Newport Re Ltd., a Bermuda company that is licensed as a class 3B insurer, which shall serve as the insurance vehicle for PIMCO’s property and casualty insurance linked securities business.
PIMCO is a privately owned hedge fund sponsor. It was founded in 1971 and is based in Newport Beach, California.
Directors Charles Collis and Dawn Griffiths and Associates Jacqueline King and William Cooper of Conyers’ Bermuda office advised on this matter alongside Ropes & Gray LLP and Willkie Farr & Gallagher LLP.