October 06, 2015
Feig rejoins Cadwalader’s Insurance-Linked Securities team
Cadwalader, Wickersham & Taft LLP, a leading counselor to global financial institutions and corporations, today announced that Matthew S. Feig has returned to the firm’s Capital Markets group in New York to continue his practice in risk-linked securities and structured and corporate finance, with particular emphasis on catastrophe bonds, cell tower transactions and other off-the-run asset classes.
Feig returns as Special Counsel to the Insurance-Linked Securities (ILS) Team, headed by Malcolm Wattman and Frank Polverino, which has been at the forefront of the catastrophe bond, sidecar and related ILS legal innovation since 1999. The practice counsels clients in developing transactions and products tailored to the insurance and reinsurance industry that help disintermediate risk and improve asset and liability management.
“With Matt’s return, Cadwalader gains a talented lawyer whom we already know is a dedicated firm citizen with good instincts and excellent client relationships,” said Pat Quinn, Managing Partner. “His broad experience in finance, securitization, insurance-linked securities and general corporate work is a rare blend that is an asset as we continue to grow our non-mortgage ABS practice.”
Feig spent more than seven years at Cadwalader, where he had primary deal responsibility on a number of non-traditional structured financings including cell tower and timber securitizations. With the decline of the securitization market through the financial crisis, he transitioned into the alternative risk transfer market, primarily in catastrophe bonds. In addition to natural catastrophic risk, Feig has worked on deals involving pandemic risk as well as longevity, health claims and extreme mortality.
“We are excited to be working again with Matt who continues to be in demand from clients, including insurers, investment banks and funds, who draw upon his experience and knowledge of alternative risk transfer,” said Michael Gambro, co-head of Cadwalader’s Capital Markets Practice. “Matt was instrumental in helping Cadwalader evolve, develop and grow its catastrophe bond business, including his work on the first catastrophe bond issued for a sovereign government to support Mexico’s disaster relief efforts. We welcome Matt and look forward to his further contributions to our global Capital Markets practice.”
“I am happy to return home to Cadwalader and committed to continue building our successful practice focused on insurance-linked securities and non-traditional asset securitization,” Feig said. “Our clients benefit greatly from the breadth of knowledge my fellow attorneys apply to every matter. The Cadwalader platform is unparalleled in experience and service, and I’m proud to be a part of it once again.”
Cadwalader is expanding its Capital Markets practice globally and into additional areas of asset-backed securities and lending, including in its London office where the firm has expanded its catastrophe bond practice serving European insurers and other ILS sponsors as well as investment banks. Earlier this month, the firm announced that leading fund finance partners Michael Mascia and Wesley Misson joined the Capital Markets team in Charlotte, N.C.