Apr 2025
Conyers advised Gateway Re Ltd., a special purpose insurer, on the issuance of its US$150 million Series 2025-2 Class A Principal At-Risk Variable Rate Notes due 7 July 2028 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 the closing. This was another Bermuda catastrophe bond transaction sponsored by SageSure through its reciprocals Elevate Reciprocal Exchange and Auros Reciprocal Insurance Exchange.
Director Alexandra Macdonald and Associate Nicole Yearwood of Conyers’ Bermuda office advised on the matter, working alongside Willkie Farr & Gallagher LLP.