Appleby has advised Hudson Structured Capital Management Ltd. in respect of the purchase, by its client, of USD 25 million floating rate subordinated notes due 2028 issued by Catalina General Insurance Ltd. Appleby's role included providing advice on local Bermuda law regarding regulatory and regulation as well as reviewing, commenting and negotiating relevant agreements. Brad Adderley, Gavin Woods and Sarita Ebbin worked on the transaction.
Appleby's Insurance & Reinsurance practice specialises in advising on the establishment, regulatory compliance and business operations of (re)insurance companies, as well as (re)insurance managers and brokers based in offshore jurisdictions. Appleby's team of lawyers are based in key offshore jurisdictions that are significant players in the global (re)insurance market – including Bermuda, the British Virgin Islands (BVI), the Cayman Islands, Guernsey, Hong Kong, the Isle of Man and Jersey - and are therefore well placed to advise clients that are seeking to carry out business in any of these offshore jurisdictions or transact business with locally-based insurers
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