F&G Re Cayman Ltd’s Class D Licence

Walkers’ Cayman Islands acted as Cayman Islands counsel on the class D reinsurer’s licence application for F&G Re Cayman Ltd, submitted to and approved by the Cayman Islands Monetary Authority. The Company’s US counsel was Skadden, Arps, Meagher & Flom LLP.

FGL Holdings (or “F&G”, formerly known as CF Corporation (NASDAQ: CFCO)) is a holding company focusing on the reinsurance of longevity risk, bulk annuity and pension risk transfer.

The Walkers team was led by Cayman Islands partner Philip Paschalides (Picture) and Senior Counsel, Tony De Quintal with assistance from associate Jason Ta.  The entire Walkers Insurance team comprised fifteen lawyers specializing in regulatory, corporate, finance, derivatives, immigration, commercial and contracts and employment law.

The Skadden team included M&A partners Todd Freed (New York) and Jon Hlafter (New York), and associates Patrick Lewis (New York) and Tim Gaffney (New York); and Tax partner Jessica Hough (Washington, D.C.).

Involved fees earner: Todd Freed – Skadden Arps Slate Meager & Flom; Timothy Gaffney – Skadden Arps Slate Meager & Flom; Jon Hlafter – Skadden Arps Slate Meager & Flom; Jessica Hough – Skadden Arps Slate Meager & Flom; Patrick Lewis – Skadden Arps Slate Meager & Flom; Tony De Quintal – Walkers Global; Philip Paschalides – Walkers Global; Jason Ta – Walkers Global;

Law Firms: Skadden Arps Slate Meager & Flom; Walkers Global;

Clients: FGL Holdings;

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