Stable Group’s Novel Structure


Appleby acted as Bermuda counsel for the Stable Group in the structuring, establishing and licensing of its subsidiaries: Stable Corporation and Stable Bermuda.

Commodity risk insurtech Stable has launched a collateralised insurer to help protect global food and farming businesses from volatile commodity prices.

The Stable Group uses an index-based hedging solution to protect clients from volatile commodity prices which allows the structure to transform index risk into insurance risk and pass it onto the wider reinsurance market.

Under this novel structure Stable Bermuda issues OTC commodity derivatives to its global client base and the risk under those contracts is transferred to the Collateralised Insurer, Stable Corporation.

Appleby assisted in structuring and implementing the whole structure, along with establishing both its Collateralised Insurer (Stable Corporation) and an issuer of over-the-counter (OTC) commodity derivatives (Stable Bermuda) with a team led by Partner Brad Adderley (Picture), with assistance from Associate John Small.

Involved fees earner: Brad Adderley – Appleby; John Small – Appleby;

Law Firms: Appleby;

Clients: Stable ;

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Author: Ambrogio Visconti.