The underlying catastrophic peril exposures in the segregated accounts have resulted in the issuance of USD76.726 million tradable and listed principal-at-risk ILS notes which have been admitted to the BSX as Section V Insurance Related Securities after the notes were sold to qualified investors, being funds or managed accounts operated by Twelve Capital.

Partner Brad Adderley led the transactions and was assisted by Associates Sarita Ebbin and Laura Burns.

Share
Twitter LinkedIn Email Save as PDF
More Deals
17 Mar 2023 | Deals

Appleby Bermuda advised Swiss Re on its USD 700 million multi-year stop-loss transaction

Appleby acted as Bermuda counsel for global reinsurer Swiss Re on its securing a multi-year stop-los...

24 Jan 2023 | Deals

Appleby advises Wejo Group Limited on its entry into a business combination with TKB Critical Technologies I

Appleby is acting as Bermuda and Cayman Islands counsel to Nasdaq-listed Wejo Group Limited, a globa...

Jerome Wilson
Jerome Wilson
16 Jan 2023 | Deals

Appleby Bermuda advised on Kuvare Holdings Launch of USD 400 Million Kindley Re Sidecar

Appleby advised Kuvare Holdings (Kuvare) on its formation of Kindley Re Ltd. (Kindley Re), a newly f...

Brad Adderley
Brad Adderley
8 Dec 2022 | Deals

Appleby Bermuda advised African Risk Capacity Ltd on its first epidemic risk insurance product

Appleby Bermuda advised ARC Ltd, a long-standing client, on its first parametric insurance product a...

Brad Adderley
Brad Adderley
26 Sep 2022 | Deals

Appleby Supports Northedge Investment into Friend MTS, a Leading Global Provider of Video Content Security Services

Appleby is proud to have acted as Jersey and Bermuda counsel, alongside Gateley PLC, to private equ...

Christophe Kalinauckas
Christophe Kalinauckas
23 Aug 2022 | Deals

Appleby Bermuda advised CoinZoom on its Digital Asset Business licence

Appleby advised CoinZoom, Inc. on its application for a Class M Digital Asset Business licence pursu...

Jerome Wilson
Jerome Wilson
11 May 2022 | Deals

Appleby Bermuda Advised Relm II In Its Incorporation And Registration To Provide Reinsurance Capacity In The Crypto Space

Appleby served as Bermuda counsel to Relm Insurance II Ltd. (Relm II) in connection with its incorpo...

Brad Adderley
Brad Adderley
5 May 2022 | Deals

SkyRidge Re team wins ‘Life Transaction of the Year’ at the Trading Risk Awards 2022

Congratulations to the SkyRidge Re team for winning ‘Life Transaction of the Year’ at the Tradin...

Brad Adderley
Brad Adderley
19 Apr 2022 | Deals

Appleby Bermuda Advised Swiss Re In Innovative USD1.15bn Transaction Combining Bank Financing And Insurance-Linked Securities

Appleby acted as Bermuda counsel to Swiss Re, a leading wholesale provider of reinsurance, insurance...

Brad Adderley
Brad Adderley
4 Mar 2022 | Deals

Appleby Bermuda advised S&P Global in its USD 140 billion merger with IHS Markit

Appleby acted as Bermuda counsel to S&P Global, the world's foremost provider of credit ratings,...

Alan Bossin
Alan Bossin