Appleby Bermuda Advises Veraison Re Ltd. on USD350M Catastrophe Bond Issuance
Published: 18 Feb 2026
Type: Deals
GeoVera Nova insurance entities have secured their targeted USD350 million of US earthquake reinsurance protection from the new Veraison Re Ltd. (Series 2026‑1) catastrophe bond, at slightly lower pricing than initially projected.
Primary Contact
This transaction represents the fourth catastrophe bond in the Veraison Re series, providing fully collateralized, capital markets‑backed US earthquake catastrophe reinsurance protection for GeoVera insurance underwriting companies.
Appleby advised on all aspects of Bermuda law. The transaction was led by Bermuda Managing Partner Brad Adderley with support from Senior Associate Melinda Mayne.
