Conyers’ Insurance & Reinsurance practice continues to lead the way in providing offshore legal advice to many of the world’s top insurers. We advise on the laws of Bermuda, the British Virgin Islands and the Cayman Islands. Our lawyers are commercially focused and are experts in all aspects of insurance, reinsurance, captives, alternative risk transfer, catastrophe bonds and other insurance-linked securities. We have contributed to drafting the legislation and regulations in each of our jurisdictions, which has greatly impacted the client experience in the sector as a whole and demonstrates Conyers’ unwavering level of knowledge, expertise and value-added services.
In Bermuda, we are a market leader in the Insurance & Reinsurance sector, advising two-thirds of all Class 4 and Class E companies (the largest of the commercial insurers), as well as a substantial majority of all other classes of insurers, including captive and special purpose insurers.
We regularly advise on the structuring and licensing of general insurance companies, long-term insurance companies, special purpose insurers and composite companies.
Our lawyers are at the forefront of Bermuda’s Insurance-Linked Securities sector. In 2016, the ILS market in Bermuda reached an all-time high of US$26.8 billion. Continued growth in this area is fueled by the increasing global importance of ILS, both as a risk management tool and as a diversified asset class for investors.
The Cayman Islands insurance sector continues to thrive. Globally, Cayman is the second largest domicile for captive insurance and the pre-eminent jurisdiction for businesses in the healthcare space.
Our practitioners have thorough knowledge of the Cayman regulatory framework and can advise clients on a range of services including structuring advice and licensing services for the establishment of insurance captives, insurance managers and insurance brokers.
For Insurance-Linked Securities, our range of expertise and services includes:
Conyers’ Insurance & Reinsurance practice is complemented by an experienced team of litigators who have been involved in a number of high-profile insurance and reinsurance disputes, and who regularly advise insurance companies on their insolvency proceedings and restructurings.
Conyers Dill & Pearman advises on all aspects of corporate and commercial law for the insurance sector in Bermuda, the Cayman Islands and the British Virgin Islands. With offices in the major international financial centres of Hong Kong, London and Singapore, we are able to provide timely, responsive and thorough legal services. We are also well equipped to service the Middle East North Africa market, with lawyers who have thorough expertise and understanding of the region.