Mar 2024
Conyers advised Marsh on its establishment of Edgware Re Ltd. (Edgware Re), a Bermuda domiciled and registered group captive insurance company. Edgware Re was formed to provide its participants and their affiliates with cyber (re)insurance coverage and enhanced control and stability for their cyber-insurance programs.
As a group captive, Edgware Re will pool participants’ cyber risks and premiums, absorb losses, and facilitate the exchange of cyber-security best practices among its members.
Conyers advised on all aspects of the transaction including the formation and licensing of the entity as an insurer in Bermuda, the development and implementation of the insurance program, and the preparation of the offering and all other key transaction documents.
Conyers Director Jacqueline King and Associate Lauren Pereira advised on this matter, working alongside Eversheds Sutherland as Marsh’s US legal counsel.