Aug 2023
Conyers advised special purpose insurer Solomon Re Ltd. on its new US$75 million catastrophe bond issuance of Series 2023-1 Class A Principal-at-Risk Variable Rate Notes.
The notes, due 8 June 2026, were listed on the Bermuda Stock Exchange. The proceeds will be used to collateralise a retrocession agreement between Solomon Re Ltd. and Hannover Rück SE, with Korean Reinsurance Company, a global reinsurer headquartered in Korea, fronting the capital markets.
Conyers Director Alexandra Macdonald and Associate Katie Martin worked alongside Mayer Brown LLP.
More information is available at
https://www.artemis.bm/deal-directory/solomon-re-ltd-series-2023-1/