Davis Polk advised the financial advisers to Watford Holdings Ltd. in connection with Watford’s direct listing of its common shares on the Nasdaq Global Select Market.
The common shares are listed under the symbol “WTRE.” The company registered for resale up to 3.6 million shares held by existing shareholders.
J.P. Morgan, Barclays and Morgan Stanley served as joint lead advisors on the deal.
Based in Pembroke, Bermuda, Watford is a global property and casualty insurance and reinsurance company with approximately $1.1 billion in capital and with operations in Bermuda, the United States and Europe.
The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Roshni Banker Cariello and Arisa Akashi. Partner Lucy W. Farr and associates Catherine L. Chu and Anne E. McGinnis provided tax advice.
Involved fees earner: Arisa Akashi – Davis Polk & Wardwell; Roshni Banker Cariello – Davis Polk & Wardwell; Catherine Chu – Davis Polk & Wardwell; Lucy Farr – Davis Polk & Wardwell; Anne McGinnis – Davis Polk & Wardwell; Richard Truesdell Jr. – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;