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Insurance & Reinsurance

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.

Formation and Structuring of Insurance and Reinsurance Companies

Bermuda Insurance & Reinsurance

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.

Cayman Islands Captive Insurance

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.

Cayman Islands Portfolio Insurance Companies

Cayman Islands Portfolio Insurance Companies Video
Wondering how a Portfolio Insurance Company works? Watch our video to learn how insurers or reinsurers established in the Cayman Islands as Segregated Portfolio Companies can leverage the added risk management benefits of a PIC.

Insurance-Linked Securities and Catastrophe Bonds

For Insurance-Linked Securities, our range of expertise and services includes:

  • Catastrophe Bonds
  • Alternatives Risk Transfer
  • Insurance securitizations and transformer structures
  • Insurance Derivatives
  • Collateralized reinsurance or retrocession vehicles

Litigation and Insolvency

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.

Leading Counsel for Insurance Companies

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 KongLondon 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.

Contact our Insurance Practice

Charissa Ball

Hong Kong   +852 2842 9550
Mobile  +852 6469 0270

Erik Bodden

Cayman Islands   +1 345 814 7754

Kevin C. Butler
Partner, Head of Cayman Islands Office and Corporate Practice

Cayman Islands   +1 345 814 7374

Andrew Chen
Head Professional Support Lawyer - British Virgin Islands

British Virgin Islands   +1 284 852 1118

Charles G.R. Collis
Director, Head of Bermuda Insurance Practice

Bermuda   +1 441 299 4918

Graham B.R. Collis
Director, Head of Bermuda Corporate

Bermuda   +1 441 299 4965

Richard D. Fear

Cayman Islands   + 1 345 814 7759

Chris Garrod
Director, Head of Fintech

Bermuda   +1 441 299 4923

Sarah Lusher

Bermuda   +1 441 298 7889

Christian R. Luthi
Director and Chairman

Bermuda   +1 441 298 7814

Maree Martin
Counsel and Head of Knowledge Management - Cayman Islands

Cayman Islands   +1 345 814 7781

Cora S. Miller

Cayman Islands   +1 345 814 7786

Paul Smith
Partner, Head of Cayman Islands Litigation & Restructuring Practice

Cayman Islands   +1 345 814 7777

Kent Smith

Bermuda   +1 441 299 4962

Derek Stenson

Cayman Islands   +1 345 814 7392

27 Jul 2018
Conyers advises FloodSmart Re 2018-1, the first catastrophe bond sponsored by the US Federal Emergency Management Agency (FEMA)

18 Jul 2018
Conyers advises lenders on US$1 billion loan facility for Hiscox group of companies

25 Jun 2018
Conyers advises Limestone Re Ltd on its US$278 million notes issuance

05 Mar 2018
Conyers advises AXA in connection with its US$15.3 billion agreement to acquire XL Group

04 Feb 2018
Conyers advises on the licensing of Munich Re of Bermuda, Ltd.

06 Dec 2017
Conyers advises AXIS Specialty Finance PLC on the issuance of US$350 million 4.0% Senior Notes due 2027

29 Sep 2017
Conyers advises OneBeacon Insurance Group, Ltd. and White Mountains Insurance Group, Ltd. in connection with the US$1.7 billion acquisition of OneBeacon by Intact Financial Corporation

22 Sep 2017
Conyers advised Sirius International Group Ltd. on its Swedish Krona (“SEK”) 2.75 billion (approximately US$340 million) Floating Rate Callable Subordinated Note offering

11 Aug 2017
Conyers advises Essent Group Ltd. in connection with a public offering of five million common shares

02 May 2017
Conyers advises Oaktown Re Ltd. on its first securitization of mortgage insurance portfolio risks

02 May 2017
Conyers advises Integrity Re Ltd. on the launch of its US$210 million Note Program

14 Apr 2017
Conyers advises Pelican IV Re Ltd. on the launch of its US$100 million Note Program

30 Mar 2017
Conyers advised Sanders Re Ltd. on its US$375 million notes issuance

05 Jan 2017
Conyers advises Elliott Management Corporation on their acquisition of Aeolus Capital Management Ltd.

03 Jan 2017
Conyers advises Arch Capital Group Ltd. on its acquisition of United Guaranty Corporation (UGC) from American International Group, Inc. (AIG)

30 Dec 2016
Conyers advises Fibonacci Reinsurance Ltd. on its US$140 million notes issuance

15 Dec 2016
Conyers advises Enstar Group Limited on the establishment and capitalization of KaylaRe Holdings Ltd.

14 Dec 2016
Conyers advises Athene Holding Ltd on its US$1.1 billion IPO

07 Nov 2016
Conyers advises AXIS Capital Holdings Limited on its US$550 million offering

19 Oct 2016
Conyers advises Somerset Reinsurance Ltd. on its US$375 million common share capitalization

01 Jul 2016
Conyers advises on the establishment, capitalization and registration of Harrington Re Ltd.

14 Jun 2016
Conyers advises Maiden Holdings, Ltd. on its offering of US$110 million Senior Notes

14 Mar 2016
Conyers advises Akibare Re Ltd. on its US$200 million notes offering

10 Mar 2016
Conyers advises Manatee Re Ltd. on its US$95 million notes offering

21 Dec 2015
Conyers advises Eden Re II Ltd. on a US$360 million notes offering

09 Nov 2015
Conyers advises Kilimanjaro Re Ltd. on its $US6.25 Million Notes Issuance

01 Sep 2015
Conyers advises Qatar Reinsurance Company Limited on its re-domicile to Bermuda

17 Aug 2015
Conyers advises Bellemeade Re Ltd. on the completion of its US$298 million securitization of mortgage insurance portfolio risks

16 Aug 2015
Conyers advises Kilimanjaro Re Ltd. on its US$300 million notes offering

30 Jun 2015
Conyers advises Panda Re Ltd. on the issuance of US$50 million Series 2015-1 Class A Principal At-Risk Variable Rate Notes

29 Apr 2015
Conyers advises BF&M Limited on merger of Bermuda International Insurance Services Limited

20 Nov 2013
Conyers advises Essent Group Ltd on US$335 million IPO

07 Nov 2013
Conyers advises Lancashire Holdings Limited on a placing to raise approximately £131 million

15 May 2013
Conyers advises Mercury Capital on first index-tracking catastrophe investment fund

30 Nov 2012
Conyers advises Validus Holdings, Ltd. on its acquisition of Flagstone Reinsurance Holdings S.A.

03 Jul 2012
Conyers advises on US$875 million loan facility for Hiscox – May 2012

01 Apr 2011
Conyers advises Lloyds TSB on acquisition financing deal – April 2011

15 Nov 2010
Conyers advises AWAC on its $300 million senior note offering – November 2010

17 Aug 2010
Conyers advises on US$750 million loan facility for London-listed insurer Hiscox – July 2010

12 May 2010
Conyers advises on Max Capital Group and Harbour Point Merger – May 2010

02 Dec 2009
Conyers advises on the first ever U.S. Fortune 500 Issued Sukuk – December 2009