The Appleby team was led by Cayman’s Head of Insurance, Simon Raftopoulos. Lead attorney on the transaction, Samuel Banks, commented “This was an interesting and unique transaction for Cayman. It is exciting to see the market embracing the Cayman Islands Monetary Authority’s flexible and risk-based approach to setting capital requirements.”

ORIX originally announced that its subsidiary, ORIX Life Insurance Corporation (ORIX Life) would purchase all issued shares of HLIKK then held by The Hartford, on 28 April 2014 Completion of the acquisition of the outstanding shares of HLIKK occurred on 1 July 2014. ORIX Life plans to merge with HLIKK in a timely manner to enhance its capital strength and improve the soundness of its management, in view of accelerating its growth.

Twitter LinkedIn Email Save as PDF
More Deals
22 Jul 2019 | Deals

Appleby advises Vanke Property (Overseas) Limited on its HKD 1,138.34 million transaction

Appleby acted as BVI, Cayman Islands and Jersey counsel for Vanke Property (Overseas) Limited (Vanke...

24 Jun 2019 | Deals

Appleby advise Palatine Private Equity on its investment in SMP Partners

Appleby acted as legal counsel to Palatine Private Equity LLP (Palatine) on its recent investment in...

30 May 2019 | Deals

Appleby instrumental in new legal structure for real estate projects

Appleby Cayman has played a key role in obtaining planning approval for the first ever volumetric su...

Contributors: Adam Johnson
5 Feb 2019 | Deals

Cayman Islands Court rules against Palladyne on sanctions and dismissal by Libyan Investment

The Financial Services Division of the Grand Court of the Cayman Islands has ruled to dismiss in the...

Contributors: Anna Snead
22 Feb 2018 | Deals

Appleby advises Butterfield in connection with its acquisition of Deutsche Bank’s Global Trust Solutions business

Appleby (Cayman) Ltd. (Appleby) advised The Bank of N.T. Butterfield & Son Limited (Butterfield) in ...