A Bedell Cristin team lead by Mark Helyar and Richard Sharp advised FWU Group in connection with its role as sponsor to the Life Transaction of the Year. FWU Group acted as sponsor to the 70 million insurance covered notes issue by SQ ReVita II IC Limited which was recently voted as Life Transaction of the Year by Trading Risk magazine. Secquaero Advisors collected the award for its role as structurer and transaction manager. SQ ReVita II IC Limited is a Guernsey incorporated cell company which is managed by Aon Insurance Managers (Guernsey), who were also named Market Facilitator of the Year.
The award represents a significant recognition of the transaction's innovative securitisation of in-force life insurance policies. The use of a Guernsey cell company and advisers demonstrates Guernsey's continued growth as a domicile of choice in the ILS sector. The transaction also affirms Bedell Cristin's established position as the leading advisers in the Guernsey reinsurance field and the ILS sector.
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