Jan 2025
Conyers advised on the establishment and licensing of MMIFS Re Ltd. a special purpose insurer, sponsored by TD Insurance. This was first ever catastrophe bond to be sponsored by a Canadian issuer.
MMIFS Re also issued a total of CDN$150 million Series 2025-1 Principal At-Risk Variable Notes to investors to cover earthquake and sever convective storm risk in Canada.
Conyers’ role included assisting with registering the company with the Bermuda Monetary Authority, facilitating the listing of the notes on the Bermuda Stock Exchange and providing Bermuda law advice to the company up to closing.
Directors Alexandra Macdonald, Davina Hargun and Senior Associates Lauren Pereira and Kathleen McBeath advised on this matter.