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.
Insurance/reinsurance in Bermuda
Carey Olsen Bermuda Limited
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