Appleby acted as Bermuda counsel for Goldman Sachs in connection with the launch of a new sidecar
Goldman Sachs, in partnership with Talcott Financial Group and its subsidiaries (“Talcott”), launched West Grove Re, Ltd. (“West Grove Re”), a new Bermuda-domiciled reinsurance sidecar for the purpose of accessing expected significant near-term investment opportunities in the U.S. annuity market.
Goldman Sachs Asset & Wealth Management (AWM) and its clients, have made equity commitments as part of West Grove Re’s approximately $1 billion capital raise, which also includes an equity commitment from Talcott and a credit facility.
Appleby acted as Bermuda legal counsel to Goldman Sachs in connection with the establishment of West Grove Re, a Bermuda Class E insurer, and the expansion of its relationship with Talcott.
The Appleby team was led by Bermuda Managing Partner Brad Adderley and supported by Partner Cathryn Minors, Senior Associate Aleisha Hollis, Associate Mya Gibbons and Paralegal Rémond Bonne-Smith.
