McDermott Represents Third Point Reinsurance Ltd. in its Formation of and Investment in Arcadian Risk Capital Ltd.
International law firm McDermott Will & Emery represented Third Point Reinsurance Ltd. (NYSE: TPRE), a specialty property and casualty reinsurer headquartered in Bermuda, in its formation of, and investment in, Arcadian Risk Capital Ltd., a Bermuda-based insurance underwriter led by well-known industry veteran John Boylan.
This transaction was completed on September 16, 2020.
McDermott Will & Emery acted as legal advisor to Third Point Reinsurance Ltd.
Arcadian has been established as Managing General Agent and has received its license from the Bermuda Monetary Authority to begin writing Excess Casualty and Professional business on behalf of Third Point Reinsurance beginning October 1, 2020 with plans to develop additional lines in the future.
In addition to investing in Arcadian, Third Point Reinsurance will also provide insurance paper and capacity to the startup.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices, industries and more than 20 locations to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.