Walkers is pleased to announce it acted as Cayman Islands and Jersey counsel to Further Global Capital Management, L.P. in relation to its investment in Phaidon International, a professional services firm focused on identifying, sourcing and securing business critical talent for clients globally. Further Global's investment will continue to fuel Phaidon International's growth which will see the business scale to beyond 1,400 staff and 15 offices around the world by the end of 2022.

The Walkers team of Matt Bernardo, Erin Panton, Jennifer Sangaroonthong and Melissa Lim in the Cayman Islands, and Christopher Reed, Luke Steele and Ruth Donnellan in Jersey, were delighted to have had the opportunity to assist Further Global with another important acquisition.  

Walkers (Bermuda) Limited has acted as Bermuda counsel to Canopius ILS Ltd, a Bermuda based insurance agent in relation to Finca Re Ltd, a Bermuda special purpose insurer and issuer of an US$75 million multi-peril 144A catastrophe bond ("cat bond") listed on the Bermuda Stock Exchange ("BSX").

Launched in June 2022, the Finca Re Ltd. Series 2022-1 cat bond benefits a number of Canopius underwriting entities, including Canopius Syndicates 4444 and 1861, and provides aggregate reinsurance protection for US named storms and earthquakes on an industry indexed trigger basis, for a three year term.

Walkers Bermuda's insurance team was led by partners Peter Dunlop and Sarah Demerling and included senior counsel Melanie Fullerton and senior associate Cathryn Minors, who worked on the formation and licensing of Finca Re Ltd. and advised on the Bermuda legal and regulatory aspects of the cat bond issuance. Partner Natalie Neto advised on the BSX listing.