The Appleby team drafted and negotiated the definitive transaction documents. Earlier this year, the Appleby team (which also included Senior Associate Ojeda Smith) also assisted MultiStrat with obtaining its Collateralized Insurer license as well as registration as a segregated account company and incorporated segregated account company, the first of its kind in Bermuda.
The Appleby team was delighted to assist Multistrat with this transaction, with Brad Adderley noting that “MultiStrat is a trailblazer in the ILS space, offering a unique exposure to casualty risk through a bespoke and flexible platform, backed by deep underwriting and management expertise”.