The Stable Group uses an index-based hedging solution to protect clients from volatile commodity prices which allows the structure to transform index risk into insurance risk and pass it onto the wider reinsurance market.   Appleby assisted in structuring and implementing the whole structure, along with establishing both its Collateralised Insurer (Stable Corporation) and an issuer of over-the-counter (OTC) commodity derivatives (Stable Bermuda).

Under this novel structure Stable Bermuda issues OTC commodity derivatives to its global client base and the risk under those contracts is transferred to the Collateralised Insurer, Stable Corporation.

Partner Brad Adderley led the transaction with assistance from Associate John Small. Partners Matthew Ebbs-Brewer and Sally Penrose also advised on certain regulatory aspects of the transaction.

 

Share
Twitter LinkedIn Email Save as PDF
More Deals
7 May 2021 | Deals

Appleby acts as Cayman Islands and Bermuda counsel to Marvell Technology, Inc. on a corporate restructuring in connection with its US$10 billion acquisition of INPHI Corporation

Appleby acted as Cayman Islands and Bermuda legal counsel to Nasdaq listed Marvell Technology, Inc.,...

3 May 2021 | Deals

Appleby acted as Bermuda counsel to e-TeleQuote

Appleby acted as Bermuda counsel to Etelequote Limited in connection with the sale of its operating ...

28 Apr 2021 | Deals

Appleby Bermuda and BVI advised Investment Energy Resources Limited

Appleby Bermuda and BVI advised in connection with Investment Energy Resources Limited (IERL) inaugu...

6 Apr 2021 | Deals

Appleby Bermuda advised Floatel on its successful restructuring

Appleby Bermuda advised Floatel International Limited and it subsidiaries (the Group) on its success...

24 Mar 2021 | Deals

Appleby acted as Bermuda counsel to the seller of Northstar Group and its wholly-owned Providence Life Assurance Company

Appleby acted as legal counsel to the seller of Northstar Group (Bermuda) Limited and its wholly-own...

Contributors: Josephine Noddings
4 Mar 2021 | Deals

Appleby Bermuda acts as counsel to the Special Committee of Gaslog Ltd.

Appleby is currently acting as Bermuda counsel to the Special Committee of Gaslog Ltd. in relation t...

16 Feb 2021 | Deals

Appleby advises Transverse in AmRisc Transaction

Appleby acted as Bermuda counsel to Transverse Insurance Group in their partnership with AmRisc LLC,...

Contributors: Matthew Carr, Khiyara Krige
5 Feb 2021 | Deals

Appleby acted as Bermuda counsel for PartnerRe in connection with the launch of a new retro sidecar

Appleby acted as Bermuda counsel for PartnerRe, the Bermuda based reinsurance company, in establishi...

5 Feb 2021 | Deals

Appleby Bermuda advises Global Atlantic in KKR transaction

Appleby acted as counsel to Global Atlantic Financial Group Limited (Global Atlantic) in connection ...

Contributors: Josephine Noddings