Appleby Bermuda Advises on USD250M Palm Re Series 2026-1 Catastrophe Bond Issuance
Published: 5 May 2026
Type: Deals
Florida Peninsula Insurance returned to the catastrophe bond market in March with its third Palm Re sponsorship, securing USD250 million of catastrophe reinsurance through the Palm Re Series 2026‑1 issuance.
Primary Contact
Appleby acted as Bermuda counsel, advising on all aspects of Bermuda law.
Appleby Global Corporate Services (Bermuda) Ltd provided corporate administration services and Appleby Global Listing Services (Bermuda) Ltd acted as listing sponsor to the issuer.
The transaction was led by Bermuda Managing Partner Brad Adderley, with support from Senior Associate Melinda Mayne.
