Insurance/reinsurance in Bermuda

Carey Olsen Bermuda Limited

Often handling reinsurance disputes, Carey Olsen Bermuda Limited is noted for its capabilities in equity capital raises, restructuring, and regulatory matters. Gavin Woods oversees the practice and is well-versed in licensing surrounding investment funds, while Michael Hanson handles shareholder disputes. Michael Frith is often engaged in IPOs, Michelle Falcucci advises reinsurers on regulatory issues, and Kyle Masters is knowledgeable of dispute resolution. Associate Oliver MacKay is experienced before the Supreme Court of Bermuda and the Court of Appeal.

Praxisleiter:

Gavin Woods


Weitere Kernanwälte:

Michael Hanson; Michael Frith; Michelle Falcucci; Kyle Masters; Oliver MacKay


Referenzen

‚Smart, strategic, and responsive. They deliver NY or London service level in an offshore location.‘

‘They are full circle lawyers. Technical, excellent, and commercial.‘

‚They are responsive and collaborative.‘

Kernmandanten

BF&M


Soter Insure


Enstar Group Limited


RenaissanceRe Holdings


White Rock


Fidelity National Title Insurance Company


Gibson Re


BF&M


Jefferson Health – Northeast and Abington Memorial Hospital


Highlight-Mandate


  • Acted as lead counsel to BF&M Limited in connection with its all-stock amalgamation with Argus Group Holdings Limited, resulting in Bermuda’s largest domestic insurer.
  • Acted for RenaissanceRe Holdings Ltd in connection with the sale of an underwritten public offering of US$500 million aggregate principal amount of 5.800% Senior Notes due 2035.
  • Advised Soter Insure on achieving full Class IIGB license approval from the Bermuda Monetary Authority.

Conyers

Headed by Sophie Greaves, Conyers’ broad caseload encompasses transactional and regulatory insurance mandates. Jacqueline King advises insurance companies on licensing, M&A, and debt financing, while Alexandra Macdonald handles mortgage insurance bond transactions. Associate Katie Martin is often engaged in corporate insurance issues.

Praxisleiter:

Sophia Greaves


Weitere Kernanwälte:

Jacqueline King; Alexandra Macdonald; Katie Martin


Referenzen

‚The Conyers practice is close to the legal and market developments in this rapidly evolving practice area.‘

‚The team we work with gives practical advice and has excellent client service with good team work among attorneys, and a very supportive approach.‘

‘The Conyers team were on top of the complexities of our matter and in our corner. They gave excellent legal advice that took into account business issues.‘

Kernmandanten

Arch Reinsurance Ltd


Aspida Life Re Ltd


Axis Capital Holdings Limited


Chubb Tempest Reinsurance Ltd


Enstar Group


Monument Insurance Group


Mutual of America Financial Group


PartnerRe Ltd


Principal Financial Services, Inc


Sirius Point Ltd


Walkers

With a strong international presence, Walkers is a key port of call for policyholders and reinsurers on Bermuda litigation and arbitration. Sarah Demerling is vastly knowledgeable of insurance-linked securities and regulatory requirements, while Leonie Tear is highly proficient in licensing matters. Other key members of the practice include Trevor Goulet, who is a key port of call for reinsurers and international corporations.

Praxisleiter:

Sarah Demerling


Weitere Kernanwälte:

Leonie Tear; Trevor Goulet


Referenzen

‘We have worked with the team on multiple occasions and have found them to be extremely professional and responsive.’

‘They are a strong, capable team.‘

‘Sarah Demerling has an excellent understanding of Bermudian regulation and ILS structures.’

Kernmandanten

Aquarian Holdings LLC


Aspen Insurance Holdings Ltd


Credit Suisse Life Limited


Kendall Re Ltd


Maschpark Re Ltd


Obra Capital Management LLC


Resolution Life Holdings ISAC Ltd


Swiss Re


Onex Corporation


Talanx AG


Mapfre Re


Kemper


Highlight-Mandate


  • Advised Aspen as the Bermuda legal counsel in relation to its successful listing of shares of its Bermuda specialty insurer on the NYSE.
  • Acted as Bermuda adviser to Onex Corporation (TSX: ONEX) on its acquisition, through Onex Partners V, of Accredited, the global program management business of R&Q Insurance Holdings.
  • Advised a client as its Bermuda counsel on its issuance of note securities to catbond investors, the proceeds of which were used to collateralise its obligations under a retrocession agreement with Hannover Re.

Appleby

Highlighted for its experience in insurance arbitration, Appleby is a strong choice for reinsurance clients on transactional work, capital raising, and debt financing. Brad Adderley leads the insurance team and is well-versed in collateralised reinsurance investment transactions, while Matthew Carr and Max Tetlow are proficient in corporate governance matters. Cathryn Minors is a financing expert, and Josephine Noddings is informed in insurance linked securities. Melinda Mayne and Ojeda Smith are other key team members.

Praxisleiter:

Brad Adderley


Weitere Kernanwälte:

Matthew Carr; Max Tetlow; Cathryn Minors; Josephine Noddings: Melinda Mayne; Ojeda Smith


Referenzen

‘Brad Adderley and Max Tetlow in particular stand out. They are both incredibly hard working, capable, and thoughtful attorneys. I have found them to be highly commercial and apply a heavy dose of common sense.‘

Kernmandanten

Mereo


Prismic Life Reinsurance International, Ltd


Sconset Re Ltd


Cape Lookout Re Ltd


Beat Capital Partners Limited


GTCR LLC


Maiden Holdings Ltd


Veraison| Re Ltd


MultiStrat| (ISAC)


Baldwin Group


RS Reinsurance


Mt. Logan Capital Management, Ltd


Fidus Re Ltd


Highlight-Mandate


  • Advised Mereo Insurance Limited on the corporate, structuring, and licensing aspects of a new reinsurance platform focused on transforming the global property, casualty, and specialty markets.
  • Advised Prismic Life Reinsurance International, Ltd (Prismic) on its reinsurance transaction with Prudential Financial, Inc whereby Prismic will reinsure approximately $7 billion of reserves backing USD-denominated Japanese whole life insurance policies.
  • Advised Maiden Holdings, Ltd in connection with the business combination with US-based Kestrel Group LLC (“Kestrel”), forming a new, publicly listed specialty program group operating under the name Kestrel Group Ltd.

ASW Law Limited

Led by Neil Horner, ASW Law Limited’s broad caseload encompasses corporate finance transactions, licensing, and regulatory matters. Well-regarded in the insurance sector, Horner is skilled at M&A, reinsurance, and funds, while Kim Willey is informed in insurance linked securities. Hanno Tolhurst is often engaged in commercial and corporate law, and key associates in the practice include Federico Candiolo, Chris Southorn, and Susan Wang.

Praxisleiter:

Neil Horner


Weitere Kernanwälte:

Kim Willey; Hanno Tolhurst; Federico Candiolo; Chris Southorn; Susan Wang


Kernmandanten

Nippon Life Insurance Company


Brown & Brown, Inc


Calidris


Willis Towers Watson plc


SiriusPoint Ltd


Nippon Life Insurance Company


Legal & General Group plc


Aviva plc


Advantage Capital Holdings LLC


26North Partners LP


Agam Capital Management LLC


Ares Management Alternative Credit Funds


Highlight-Mandate


  • Advising Willis and Bain Capital on the creation of a new licensed brokerage company in Bermuda.
  • Advising Brown & Brown, Inc on its potential $10 billion acquisition of the Acession Risk Management Group, a leading insurance distribution platform, including its Bermuda subsidiaries.
  • Advised Nippon Life Insurance Company on its acquisition of Resolution Life Group Holdings Limited.

Kennedys

Geared to handle contentious and non-contentious insurance matters, Kennedys is jointly led by Mark Chudleigh and Nick Miles. Chudleigh is well-versed in regulatory business matters, while Miles is often engaged in insurance M&A and insurance-linked securities. David Thom is informed in insurance coverage disputes and Reid Orchard is another key team member.

Praxisleiter:

Mark Chudleigh; Nick Miles


Weitere Kernanwälte:

David Thom; Reid Orchard


Referenzen

‘Kennedys is strong in Bermuda insurance matters.‘

‘Mark Chudleigh is well regarded in the insurance market in Bermuda. He has encyclopedic knowledge of the law and the market.’

Kernmandanten

Chubb Insurance Bermuda


Corebridge Financial


American International Group


Securis Investment Partners


Legal & General


Pacific Life Re


Acadia Life


Ontario Teachers’ Pension Plan Board


Leadenhall Capital Partners


Axcelus Financial Global Insurance


Liberty Group Companies


Sompo Group Companies


Swiss Re


Axis Group Companies


Argo Group Companies


Allied World Group Companies


Travelers Group Companies


Markel Bermuda Insurance Ltd


Highlight-Mandate


  • Assisted Corebridge with two block reinsurance transactions with a total value of $20bn.
  • Assisted Acadia Life with the restructuring of its entire Bermuda group, comprising two long term class C insurers and a wealth management fund.

Wakefield Quin

Headed by Ian Stone, Wakefield Quin has in-depth expertise in transactional and regulatory insurance law. The practice is also well-regarded for its experience in advising insurance clients on licensing, structuring, and debt financing. Stone is well-versed in IPOs, capital markets transactions, and project financing.

Praxisleiter:

Ian Stone