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Conyers Advised Platinum Underwriters Holdings, Ltd. in merger between Platinum, RenaissanceRe Holdings Ltd. and Port Holdings Ltd.

April 2015 Sophia Greaves

Conyers advised Platinum Underwriters Holdings, Ltd. (“Platinum”), in a reverse triangular merger between Platinum, RenaissanceRe Holdings Ltd. (“RenaissanceRe”) and Port Holdings Ltd. (“Acquisition Sub”), a wholly owned subsidiary of RenaissanceRe (“Merger”).

Pursuant to the terms of the merger agreement, Acquisition Sub was merged with and into Platinum, with Platinum surviving the merger as a wholly-owned subsidiary of RenaissanceRe and each common share of Platinum issued and outstanding immediately prior to the effective time of the Merger (other than common shares owned by Platinum, RenaissanceRe or any of their respective subsidiaries) was cancelled and converted, at the election of the holder thereof in accordance with the procedures set forth in the merger agreement, into the right to receive cash, common shares of RenaissanceRe or a combination of cash and common shares of RenaissanceRe.

Mary Ward and Sophia Greaves from Conyers’ Bermuda office advised on the matter.

 


Sophia Greaves
Director

BERMUDA   +1 441 294 5929


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Deals & Transactions

Conyers Advised Platinum Underwriters Holdings, Ltd. in merger between Platinum, RenaissanceRe Holdings Ltd. and Port Holdings Ltd.

08 April 2015 Sophia Greaves

Conyers advised Platinum Underwriters Holdings, Ltd. (“Platinum”), in a reverse triangular merger between Platinum, RenaissanceRe Holdings Ltd. (“RenaissanceRe”) and Port Holdings Ltd. (“Acquisition Sub”), a wholly owned subsidiary of RenaissanceRe (“Merger”).

Pursuant to the terms of the merger agreement, Acquisition Sub was merged with and into Platinum, with Platinum surviving the merger as a wholly-owned subsidiary of RenaissanceRe and each common share of Platinum issued and outstanding immediately prior to the effective time of the Merger (other than common shares owned by Platinum, RenaissanceRe or any of their respective subsidiaries) was cancelled and converted, at the election of the holder thereof in accordance with the procedures set forth in the merger agreement, into the right to receive cash, common shares of RenaissanceRe or a combination of cash and common shares of RenaissanceRe.

Mary Ward and Sophia Greaves from Conyers’ Bermuda office advised on the matter.

 


Sophia Greaves
Director

BERMUDA   +1 441 294 5929


 

expertise

Corporate


JURISDICTION(S)

Bermuda


International Office(s)

Bermuda