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This publication has been prepared for the assistance of those who are considering a catastrophe bond (“cat‐bond”) transaction in Bermuda. It deals in broad terms with the requirements of Bermuda law for matters relating to such transactions and provides an overview of our role in the process. It is not intended to be exhaustive but merely to provide brief details and information on the most common form of cat‐bond transactions utilising a Bermuda issuer. We recommend that persons seek legal advice in Bermuda on any specific proposals they may have before taking steps to implement them. In addition, before proceeding with any such proposals, persons are advised to consult with their tax, legal, and other professional advisers in their respective home jurisdictions.
Copies of the Companies Act 1981 and the Insurance Act 1978 together with regulations promulgated thereunder are available upon request.
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Bermuda ‘Cat-Bond’ Transactions