Our firm acted as ceding insurer and underwriter’s counsel to the State Compensation Insurance Fund, a public enterprise fund established by the State of California. Golden State Re II Ltd., a Bermuda exempted company licensed as a special purpose insurer under the Bermuda Insurance Act 1978, offered $210 million in Series 2018-1 Class A principal-at-risk variable rate Notes due January 8, 2023 under a Principal-At-Risk Variable Rate Note Program.
December 2018