Aug 2023
Conyers advised special purpose insurer Sakura Re Ltd. on its catastrophe bond issuance of US$150 million Series 2022-1 Class A Principal At-Risk Variable Rate Notes due 5 January 2026, which was listed on the Bermuda Stock Exchange.
Director Alexandra Macdonald of Conyers’ Bermuda office advised on the matter, working alongside Mayer Brown LLP, Mayer Brown International LLP and Cadwalader, Wickersham & Taft LLP.
More information is available at
https://www.artemis.bm/news/sompo-international-succeeds-in-upsizing-first-cat-bond-to-150m/