May 2023
Conyers advised special purpose insurer Integrity Re Ltd. on Bermuda law matters in connection with its new catastrophe bond issuance of US$150 million Series 2023-1 Class A Principal At-Risk Variable Notes due 6 June 2025, which were listed on the Bermuda Stock Exchange.
Hannover Rück SE, one of the largest reinsurance groups in the world, sponsored the issuance, which will provide coverage with respect to reinsurance protection provided by Hannover to American Integrity Insurance Company of Florida, Inc. for losses resulting from named storm events in Florida.
Conyers Director Alexandra Macdonald and Associate Lauren Pereira worked alongside Mayer Brown LLP of Chicago.
More information is available here.