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Matthew S. Feig

SPECIAL COUNSEL, NEW YORK



Matthew Feig concentrates on risk-linked securities and structured and corporate finance, and has particular experience in the areas of catastrophe bonds, cell tower transactions and other asset classes.

Prior to joining Stroock, Mr. Feig was an associate at Cadwalader and Cravath, Swaine & Moore LLP. He received his undergraduate degree from New York University and J.D. from Columbia University School of Law.

Representative Matters

Prior to joining Stroock in 2012, Mr. Feig represented:

  • Long Point Re III Ltd. Represented the Sponsor (Travelers) in the issuance and sale of $250 million of notes providing indemnity coverage for northeastern U.S. hurricane risks.
  • Residential Reinsurance 2012 Ltd. Represented the Initial Purchasers (Goldman, Sachs & Co., Swiss Re Capital Markets Corporation and Deutsche Bank Securities) in the issuance and sale of $250 million of notes to provide indemnity coverage under a reinsurance agreement with the United States Automobile Association providing coverage for U.S. thunderstorm, windstorm and wildlife risks.
  • Pelican Re Ltd. Represented the Sponsor (Louisiana Citizens) in the issuance and sale of $125 million of notes providing indemnity coverage for Louisiana hurricane risk.
  • Akibare II Ltd. Represented the Issuer and the Structuring Agents (Swiss Re Capital Markets and GC Securities) in the issuance and sale of $130 million of notes providing Japanese typhoon coverage on a modeled loss basis.
  • East Lane V Ltd. Represented the Initial Purchasers (Deutsche Bank Securities Inc., Goldman, Sachs & Co., Citigroup Global Markets Inc., Willis Securities, Inc. and GC Securities) in the issuance and sale of $150 million of notes, to provide indemnity coverage for The Chubb Corporation providing coverage for U.S. hurricane and severe thunderstorm risks.
  • Queen Street V Re Limited. Represented the Initial Purchasers (Munich Re Capital Markets GmbH and GC Securities, a division of MMC Securities Corp.) in the issuance and sale of $75 million of notes, providing coverage to Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München for U.S. hurricane and European windstorm risks through PCS and PERILS index triggers.
  • Ibis Re II Ltd. Represented the Initial Purchasers (Aon Benfield Securities Inc. and Deutsche Bank Securities Inc.) in the issuance and sale of $130 million of notes, providing coverage to American Security Insurance Company, American Bankers Insurance Company of Florida and Standard Guaranty Insurance Company for U.S. hurricane risk through a PCS index trigger.
  • Vitality Re III Ltd. Represented the Initial Purchasers (Goldman, Sachs & Co. and BNP Paribas Securities Corp.) in the issuance and sale of $150 million of notes to provide indemnity coverage under a reinsurance agreement with Aetna Life Insurance Company providing coverage for excess medical benefits exposure risk.
  • Loma Reinsurance Ltd. Represented the Initial Purchasers (Goldman, Sachs & Co. and Deutsche Bank Securities Inc.) in the establishment of the issuance and sale of $100 million of notes, and subsequently an additional $100 million, providing coverage to Argo Re, Ltd. for U.S. hurricane and earthquake risks through a PCS index trigger, European windstorm risk through a PERILS index, and Japanese earthquake risk based on modeled loss.
  • Golden State Re Ltd. Represented the Sponsor (California State Compensation Insurance Fund) and the Issuer in the issuance and sale of $200 million of notes providing three year coverage for workers compensation claims resulting from California earthquakes based on a modeled loss trigger.
  • Residential Reinsurance Limited. Represented the Initial Purchasers (Goldman, Sachs & Co., Swiss Re Capital Markets Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated) in the issuance and sale of $250 million of notes, and a subsequent issuance and sale of $150 million of notes in each case to provide indemnity coverage under a reinsurance agreement with the United States Automobile Association providing coverage for U.S. thunderstorm, windstorm and wildlife risks.
  • Oak Leaf Re Ltd. Represented the Sponsor and Towers Watson Capital Markets Inc. and the Issuer in a program for the issuance of notes in a Cat Bond Lite format, including an initial issuance and sale of $11.95 million of notes, to provide indemnity coverage under a reinsurance agreement with the sponsor providing coverage for U.S. windstorm, hail, tornado, hurricane, cyclone, riot and earthquake risks.
  • Global Tower Partners cell tower securitization, June 2011. Represented Underwriters: Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets Corporation and TD Securities (USA) LLC.
  • Johnston Re Ltd., May 2011 and May 2010. Represented the Sponsor (Munich Re America) and Issuer in the issuance and sale of $305 million of notes and a subsequent issuance and sale of $201.84 million of notes, to provide indemnity coverage under a reinsurance agreement with the North Carolina Insurance Underwriting Association and the North Carolina Joint Underwriting Association providing coverage for North Carolina hurricane risk.
  • Vitality Re Ltd., April 2011 and December 2010. Represented the Initial Purchaser (Goldman, Sachs & Co.) in the issuance and sale of $150 million of notes and a subsequent issuance and sale of $150 million of notes, to provide indemnity coverage under a reinsurance agreement with Aetna Life Insurance Company providing coverage for excess medical benefits exposure risk.
Activities
Publications
Mr. Feig has written several articles on Structured Finance issues, including, “The Credit Crisis and Insurance-Linked Securities: No Catastrophe for Catastrophe Bonds” in The Journal of Structured Finance and is the co-author of a chapter of The Handbook of Insurance-Linked Securities.
Admitted to Practice
New York, 2000
Education
J.D., Columbia University School of Law, 1999
B.A., New York University, 1994
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