Fleming Reinsurance Ltd. was initially licensed as a Class 3 insurer in 2015. Appleby was instructed to provide regulatory advice and insurance expertise in connection with its license as a Class 3A insurer. Appleby assisted with obtaining its license in December 2018 and in January 2019, Fleming Reinsurance Ltd. announced the completion of its first run-off transaction with the novation of all liabilities from Cayman-based captive insurer United SPC Segregated Portfolio #4.

Fleming Reinsurance Ltd. seeks to both consolidate and innovate the legacy risk transfer market through the use of unique structures, efficient capital, and ability to close within tight timelines.

Partner Brad Adderley led this transaction, with assistance from Associate Shannon Cann.

Twitter LinkedIn Email Save as PDF
More Deals
16 Aug 2019 | Deals

Appleby represented HSBC in a GBP 7 billion longevity swap

Appleby represented HSBC in a £7 billion longevity swap and reinsurance transaction which is the se...

Contributors: Brad Adderley, Shannon Cann
6 Aug 2019 | Deals

Appleby advises China Oil and Gas Group Limited on its issuance of USD 320 million senior notes

Appleby acted as Bermuda and BVI counsel for China Oil and Gas Group Limited (China Oil and Gas) in ...

Contributors: Paul Cheuk, Minnie Choi
2 Jul 2019 | Deals

Appleby advised Swiss Re in connection with a new catastrophe bond transaction

Matterhorn Re Ltd. is the vehicle which was established and has utilised a special purpose and segre...

25 Jun 2019 | Deals

Appleby acted as counsel to Ed Broking in the formation and licensing of their Bermuda operation

Appleby acted as Bermuda counsel to Ed Broking (Bermuda) Limited in connection with its registration...

29 Jan 2019 | Deals

Appleby Bermuda advised Artex SAC Limited with cat bond transactions

Appleby Bermuda advised Artex SAC Limited in connection with several Dodeka private catastrophe bond...

Contributors: Laura Burns, Sarita Ebbin
29 Aug 2018 | Deals

Appleby Bermuda acts on USD2.6bn sale for Aspen Insurance Holdings Limited

Appleby Bermuda acted for Aspen Insurance Holdings Limited during a competitive sale process (valued...

5 Jul 2018 | Deals

Appleby Bermuda advises on high profile USD 10 billion group restructuring

Appleby Bermuda advised the coordinating committee representing a bank group holding USD 7.4 billion...