Matthew Feig 

Special Counsel – New York
T.+1 212 504 6776
matthew.feig@cwt.com
200 Liberty Street
New York , NY 10281 V-CARD

Matthew Feig is a special counsel in the firm’s Capital Markets Group. Matthew concentrates his practice 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.

Matthew 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 co-authored a chapter of The Handbook of Insurance-Linked Securities. In 2016 he was named a Rising Star by IFLR1000

Matthew was a speaker at the SIFMA IRLS conference.

Matthew received his B.A. from New York University and his J.D. from Columbia Law. He is admitted to practice in the State of New York.

Matthew’s representative experience includes:*

Cat bonds and insurance-related transactions such as:

Ace Group. Transaction counsel in collateralized reinsurance and note placement in conjunction with Rewire Holdings LLC.

Youi Collateralized Reinsurance.  Represented Rewire Holdings LLC  as counsel in collateralized reinsurance and note placement for Youi Pty Ltd (Australia/New Zealand).

Pension Insurance Corporation.  U.S. counsel to PIC on a longevity reinsurance program with Prudential Insurance Company of America, including an issuance of 1.6 billion pounds sterling.  

Market Re Platform. Transaction counsel in a program for the issuance of notes for a new insurer sponsor in a $70.6 million of storm cover. 

Market Re Platform. Transaction counsel in a program for the issuance of notes for an insurer sponsor in a $31.6 million of storm cover.

Oak Leaf Re Ltd. Transaction counsel in a program for the issuance of notes, including an initial issuance and sale of $50 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.  

Market Re. Transaction counsel in a program for the issuance of notes for a insurer sponsor in a $10 million of storm cover.

Golden State Re II.  Transaction counsel  in a program for the issuance of notes, including an initial issuance and sale of $250 million of notes, to provide coverage to the sponsor for certain workers compensation losses deriving from California earthquakes based on modeled loss. First ever bond program issued based on workers compensation losses.

Armor Re.  Underwriter’s counsel in a program for the issuance of 144A notes, including an initial issuance and sale of $200 million of notes, providing indemnity coverage for American Coastal Insurance Company of named storm risk.

Skyline Re Ltd. Transaction counsel in a program for the issuance of notes, including an initial issuance and sale of $100 million of notes, to provide indemnity coverage under a reinsurance agreement with the sponsor providing coverage for New Madrid earthquake and severe thunderstorm or tornado risks.

Sullivan Re Ltd. Transaction counsel in a program for the issuance of notes, including an initial issuance and sale of $60 million of notes, to provide indemnity coverage under a reinsurance agreement with the sponsor providing coverage for U.S. named storms. Unique private placement.

Sunshine Re Ltd. Transaction counsel in a program for the issuance of notes, including an initial issuance and sale of $20 million of notes, to provide indemnity coverage under a reinsurance agreement with the sponsor providing coverage for named Florida windstorms on a per-occurrence basis over a three-year risk period for the Sponsor. One of the first multi-year private catastrophe bonds.

Ibis Re II Ltd. Represented the Initial Purchasers (Aon Benfield Securities Inc. and Deutsche Bank Securities Inc.) in a program for the issuance of 144A notes, including an initial issuance and sale of $130 million of notes, providing coverage for certain insurers 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.

Vitality Re III Limited.  Represented the Initial Purchasers (Goldman, Sachs & Co. and BNP Paribas Securities Corp.) in a program for the issuance of 144A notes, including an initial issuance and sale of $150 million of notes, providing coverage for Aetna Life Insurance Company for Excess Medical Benefits Exposure on a ratio test trigger for indemnity cover.

AlphaCat Re. Represented placement agent in the sale of $180 million in common and preferred equity for the capitalization of a special purpose reinsurer by Validus Holdings, Inc.

Cell tower and telecommunications financings such as:

AP Wireless Infrastructure Partners LLC. Transaction counsel as a secured rated loan facility of a prepaid wireless business.

PEG Bandwidth. Transaction counsel in a secured loan facility to finance fiber optic backbone business.

AP Wireless Infrastructure Partners LLC.  Transaction counsel in a unique secured loan facility to finance a telecommunications business consisting of fiber optic backbone and cell towers in the U.S. and internationally.

Global Tower Partners.  Represented the Underwriters in the issuance of $645,000,000 Secured Tower Revenue Notes.

SBA Communications Corporation.  Represented SBA in the creation and structuring of their Tower Revenue Securities Program, including the issuance of $1.23 billion of Secured Tower Revenue Securities.

*Note: certain representations occurred prior to Matthew’s association with Cadwalader.

Matthew Feig 

Admissions

  • New York

Education

  • Columbia Law School
    J.D.
  • New York University
    B.A.

CadwaladerSpotlight

April 19: Trading Risk's London ILS Conference 2018

Robert Cannon will discuss the U.K.’s new insurance-linked securities framework.

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