Insurance
Global Guide 2024 : Bermuda
Band 1
About
Provided by Conyers
Conyers is globally recognised by the top onshore firms as an Insurance leader.
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 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.
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.
Chambers Review
Conyers has an extremely strong bench, displaying comprehensive knowledge of all aspects of insurance, reinsurance and related transactional matters. The team offers its specialist knowledge of regulatory compliance, M&A and financing to a large number of global insurance companies active in Bermuda. This expertise is complemented by its additional experience overseeing note issuances, insurance-linked securities transactions and other capital markets mandates.
Work Highlights
- Conyers advised Somerset on its reverse triangular merger with a subsidiary of Aquarian Holdings.
Strengths
Provided by Chambers
"They are very plugged in to commercial developments and considerations."
"They are absolutely critical to our business, walking us through the process and helping us develop a relationship with the Bermuda Monetary Authority."
"No one is better on complex matters than the team at Conyers."
"Conyers are very familiar with all of the practical implications of the advice they provide; their advice is always very commercial and well thought out. They are a great resource for finding out how other companies have responded to developing legislative and regulatory initiatives."
"They are very plugged in to commercial developments and considerations."
"They are absolutely critical to our business, walking us through the process and helping us develop a relationship with the Bermuda Monetary Authority."
"No one is better on complex matters than the team at Conyers."
"Conyers are very familiar with all of the practical implications of the advice they provide; their advice is always very commercial and well thought out. They are a great resource for finding out how other companies have responded to developing legislative and regulatory initiatives."
Notable Practitioners
Charles Collis is active across a wide range of matters, including regulatory work relating to the acquisition, formation and licensing of insurance and reinsurance companies.
"His impact is major. He is brought in for big questions and mission-critical issues that need dialogue with the most senior people at the BMA. His years of experience come in during questions that have a strong regulatory component. Nobody can match his experience."
"His knowledge is impeccable."
Chris Garrod is a highly experienced lawyer who assists insurers and banks with the Bermudian aspects of multi-jurisdictional acquisitions, credit facility agreements and insurance-linked securities. In addition to insurance work he is increasingly noted for his expertise in fintech.
"Chris is very good to work with. He is sensible, practical and one of those people who is commercially switched-on. He gets transactions done."
"He is very knowledgeable and pragmatic."
Sophia Greaves is an up-and-coming lawyer who often assists reinsurers with regulatory issues, including the formation and licensing of companies. In addition, she acts on the regulatory aspects of corporate and capital markets transactions.
"Sophia is very knowledgeable and readily offers useful information that assists in decision-making."
"I have a lot of time for her. Sophia is personable and knowledgeable."
Ranked Lawyers at
Conyers
Bermuda
Members
Provided by Conyers
Alexandra Macdonald
Andrew Barnes
Head of Department
Chiara Nannini
Elkinson Jeffrey P.
Hailey Edwards
Jacari Brimmer-Landy
Jacqueline King
Jennifer Panchaud
Jessica Harris
Katie Martin
Paul Smith
Sarah Lusher
Sophia Greaves
Wiliam Cooper
Clients
Provided by Conyers
America International Group
Assured Guaranty
Brit Insurance
Chubb Bermuda
Everest Re Group Ltd.
Lancashire Insurance Holdings
Randal and Quilter Investment Holdings
Third Point Reinsurance Ltd.
Tokio Millennium Group
Industries
Provided by Conyers
Banks
Financial Services
Insurance
Reinsurance