December 31, 2024
Willkie represented Fidelis Insurance Holdings Limited (Fidelis Insurance Group) and Herbie Re Ltd. in connection with a $375 million catastrophe bond offering.
On December 27, Fidelis Insurance Group, a global specialty insurer, announced that Fidelis Insurance Bermuda Limited successfully closed a new catastrophe bond through the issuance of the Series 2024-2 Class A Principal-at-Risk Variable Rate Notes, the Series 2024-2 Class B Principal-at-Risk Variable Rate Notes, and the Series 2024-2 Class C Principal-at-Risk Variable Rate Notes by its Herbie Re Ltd. program.
This is the sixth series of notes issued by Herbie Re and will provide the Fidelis Insurance Group with $375 million of collateralized reinsurance protection.
Fidelis Insurance Holdings Limited (NYSE:FIHL) is a global specialty insurer, leveraging strategic partnerships to offer innovative and tailored insurance solutions.
The Willkie team was led by partners Joseph Ferraro and David Griffiths, and included partners Arthur Lynch, Alexander Ryan, Henrietta de Salis, Nan-I Chen and Cindy Chernuchin, and associate Andrew Bottomley.
