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Insurance & Reinsurance

The insurance sector is ever-evolving in response to the changing risk landscape. Re/insurance companies require legal advisers with extensive market experience, who offer strategic solutions that will allow their business to grow and adapt over the long-term.

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’ exceptional 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 approximately half 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 2019, the ILS market in Bermuda reached US$34.72 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 Insurance & Reinsurance

The Cayman Islands insurance & reinsurance sector has experienced significant growth in recent years. Globally, Cayman is the second largest domicile for captive insurance and the pre-eminent jurisdiction for businesses in the healthcare space. The reinsurance industry continues to gather momentum with particular interest from North American life and annuity carriers. The relatively recent introduction of Portfolio Insurance Companies has proved a useful option in a variety of contexts including in M&A structures and as specialist run-off vehicles.

Our Cayman practitioners are specifically trained and dedicated insurance lawyers who have a thorough understanding of the industry and its participants. We advise clients on a wide range of insurance structuring, licensing, financing and related transactions and offer comprehensive on-going legal and regulatory advice to such insurers and reinsurers following formation and licensing.

Legal, Compliance & Regulatory Review factsheet

Legal, Compliance & Regulatory Review factsheet
Ensure that your captive is in compliance with its obligations in a changing legal and regulatory environment. Download our factsheet here.

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.

Andrew Barnes

Bermuda   +1 441 278 8054

Erik Bodden

Cayman Islands   +1 345 814 7754

Kevin C. Butler
Partner, Head of Cayman Islands Office

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 Corporate Practice

Bermuda   +1 441 299 4918

Kiah Estwick

Cayman Islands   +1 345 814 7785

Chris Garrod
Director, Insurance and Technology

Bermuda   +1 441 299 4923

Philippa Gilkes

Cayman Islands   +1 345 814 7751

Nicholas Kuria

British Virgin Islands   +1 284 852 1129

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

Jonathon Milne

Cayman Islands   +1 345 814 7797
Mobile  +1 345 925 2952

Alex Potts QC
Partner, Head of Cayman Islands Litigation & Restructuring

Cayman Islands   +1 345 814 7394

Paul Scrivener
Independent Consultant

Cayman Islands   +44 7393 932337

Paul Smith
Partner and Commercial Litigation Advocate

Bermuda   +1 441 278 8001

Derek Stenson

Cayman Islands   +1 345 814 7392