Walkers (Bermuda) Limited Acts on Swiss Re's First ILS Fund

Walkers has acted as Bermuda counsel on the launch of the Core Nat Cat Fund, a segregated account of 1863 Fund Ltd., Swiss Re's first Bermuda Insurance Linked Securities fund, which will allow third party capital investors to participate in its natural catastrophe underwriting business.

Swiss Re has set up a new subsidiary called Swiss Re Insurance-Linked Investment Management Ltd. (SRILIM), which has been authorised by FINMA to act as an asset manager for investment funds.

Walkers was led by Bermuda Investment Funds and Insurance partner Sarah Demerling and Bermuda Insurance partner Peter Dunlop, supported by Senior Associates Melanie Fullerton and Nathalie West.