AmTrust Financial Services Leads $150 Million Catastrophe Bond Deal

Troutman Pepper Locke confirmed its role in advising AmTrust Financial Services, Inc. as the sponsor in a significant Rule 144A catastrophe bond transaction. This bond transaction is designed to provide AmTrust’s subsidiary, Technology Insurance Company, with $150 million in reinsurance protection specifically for losses from named storms in the Northeast over a three-year period. The advisory team at Troutman Pepper Locke, composed of leading legal experts such as J.P. Hong, Floy Gaidarski, and Julia St. John, managed the intricate legal aspects of the transaction. Their comprehensive services included guidance on English law, federal income taxation, security interest, and ERISA matters. Troutman Pepper Locke, renowned for its expertise in insurance transactional and regulatory practices, offers strategic counsel aimed at aiding clients through the complexities of insurance laws and facilitating numerous corporate transactions. The firm's expansive team of attorneys spans more than 30 offices, offering significant expertise across various major industries.