Appleby Bermuda advised Ledger on the launch of their casualty insurance-linked securities fund, Nanorock Fund Ltd., which will invest through the Ledger Connect platform. Ledger Investing is a technology marketplace that matches insurance risk to capital markets.

The Nanorock fund has been capitalized by a large pension plan and will invest in workers' compensation, general liability, commercial and private passenger auto liability as well as other casualty risks in the US and Europe.

Appleby provided full service Bermuda law advice regarding the formation and launch of the Nanorock fund including under Bermuda's insurance and investment fund regulatory regimes.

Bermuda Partner Brad Adderley led on the deal with support by Partner Matthew Ebbs-Brewer, Senior Associate Josephine Noddings, Associates Riley O'Brien and John Small, and Trainee Arielle DeSilva.