Oct 2023
Advised Principal Financial Group, Inc. (“Principal”) on the establishment and licensing of its wholly-owned subsidiary, Principal Financial Services (Bermuda) Ltd. as a Class C insurer to reinsure certain risks of its US affiliate, Principal Life Insurance Company.
Principal is listed on NASDAQ and specialises in retirement solutions, insurance, and investment products through its diverse family of financial services companies and national network of financial professionals. The formation of Principal Financial Services (Bermuda) Ltd. serves as Principal’s entry into the Bermuda market.
Conyers’ role in this matter comprised of advising on all aspects of the legal and regulatory requirements in connection with the formation and licensing of Principal Financial Services (Bermuda) Ltd.
Conyers Director Sophia Greaves and Associate Lauren Pereira advised on this matter.