Dec 2025
Conyers advised Skyline Re II Ltd. on their establishment and licensing as a special purpose insurer. The transaction included the issuance of US$150 million Series 2025-1 Class A Principal-at-Risk Variable Notes to investors.
Conyers’ role included assisting with the preparation of documents, registering the company with the Bermuda Monetary Authority, facilitating the listing of the notes on the Bermuda Stock Exchange alongside Conyers Securities (Bermuda) Limited as listing sponsor, and providing Bermuda law advice to the company up to closing.
This was The Cincinnati Insurance Company’s first Bermuda catastrophe bond transaction since 2017.
Director Alexandra Macdonald, Associate Nicole Yearwood of Conyers’ Bermuda office advised on that matter, working alongside Willkie Farr & Gallagher LLP as legal advisers to the Issuer. Private Client Director Davina Hargun and Associate Angelica Wales also assisted with the set up.
Conyers’ affiliate Conyers Securities (Bermuda) Limited, represented by Counsel David Stubbs and Associate Nazari Woods acted as listing sponsor.