Jan 2026
Conyers advised special purpose insurer Herbie Re Ltd. on its US$75,000,000 Series 2026-1 Class A Principal-at-Risk Variable Rate Notes due 7 January 2030 catastrophe bond to investors.
Conyers’ role included assisting with the preparation of documents, advising on the listing of the notes on the Bermuda Stock Exchange, and providing Bermuda law advice to the company up to closing. This was the eighth Bermuda catastrophe bond transaction sponsored by Fidelis Insurance Bermuda Limited.
Conyers Lawyers and any onshore firms worked alongside Director Alexandra Macdonald and Associate Nicole Yearwood of Conyers’ Bermuda office advised on the matter, working alongside Willkie Farr & Gallagher (UK) LLP, Willkie Farr & Gallagher LLP and Mayer Brown LLP.