Walkers is pleased to have acted as Bermuda counsel to Pasaca Insurance Co. Ltd ("Pasaca") in their application for a Bermuda commercial insurer licence from the Bermuda Monetary Authority.
Pasaca is part owned by Pasaca Group, a PE investment firm with core expertise in the life sciences industry and owns one of the world's leading manufacturers and distributors of COVID-19 rapid antigen test kits. Pasaca will be a primary insurer of Pasaca Group including global product liability and professional liability risks.
The Walkers team was led by partner and co-lead of Re/Insurance & ILS Peter Dunlop and Regulatory & Risk Advisory senior counsel Melanie Fullerton.
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