Mayer Brown was named “Financial Facilitator of the Year” at the 11th annual Trading Risk Awards in London. The awards recognize excellence and the achievements of the best individuals, teams and companies in the convergence of the insurance industry and capital markets. This is the first time in seven years that a law firm has won this award.
Mayer Brown has been a leading firm in structuring and advising on some of the most innovative transactions at the convergence of the insurance and capital markets, including catastrophe bonds, mortality bonds, regulatory life and annuity reserve financings, embedded value securitizations, sidecars, transformers and credit- and event-linked products and securities, contingent capital and dedicated investment funds. Among its achievements in 2018, Mayer Brown acted as deal counsel and advised PG&E on the first-ever catastrophe bond transaction to cover third-party liability from wildfire risk; acted as deal counsel in the first-of-its-kind catastrophe bond offering covering flood risk for the benefit of the Federal Emergency Management Agency (FEMA); counseled clients on three transactions under the new UK insurance-linked securities regime administered by the Prudential Regulation Authority; and represented Hong Kong-based Peak Re in establishing and launching the first Asian reinsurance sidecar, Lion Rock Re. In 2018 alone, the firm advised on more than 25 transactions in the global convergence markets.
Trading Risk is a leading publication reporting on all aspects of the insurance-linked securities market.