{ Banner Image }

Michelman & Robinson Obtains Regulatory Approval in $17.5 Million Transaction

February 4, 2015

Bob Barbarowicz advised and represented M&R’s client, a catastrophe earthquake insurer, in obtaining regulatory approval for the issuance of $17.5 million of surplus notes before the Oregon Insurance Division. The transaction closed on February 3, 2015. The surplus notes were issued in a private placement transaction with three institutional investors with funds managed by a leading asset manager and another investor that is an affiliate of a prominent international reinsurer.