Insurance
Global Guide 2024 : Bermuda
Band 3
Contact number
+19086052923About
Provided by Kennedys
Our contentious insurance and reinsurance practice advises clients on all classes of business, including general liability (particularly the “Bermuda Form”), professional liability, D&O liability, financial institutions, product liability, Industry Loss Warranties, Insurance Linked Securities, captive insurance programmes, property, life insurance and other classes of long-term business, environmental liability, construction, marine and cargo, personal accident, life insurance, workers compensation, and motor liability.
We also offer a “one stop” service for Bermuda-related arbitration work, including arbitrations seated or held in Bermuda, London, Toronto and elsewhere, and we are in a unique position to offer clients access to our global network and highly specialist insurance teams.
Our insurance and reinsurance practice advises clients on mergers, amalgamations, acquisitions and disposals of insurers and insurance intermediaries, long-term insurance business transfers, runoff solutions, licensing of insurers and insurance intermediaries, capital-raising (including recognition of debt and equity securities as regulatory capital), insurance-linked securities, captives, life reinsurance deals, longevity and lapsation swaps and the redomestication of insurers and insurance intermediaries. We advise insurers, intermediaries and their investors on all aspects regarding the regulation of insurance in Bermuda.
Chambers Review
Kennedys has an experienced insurance group in Bermuda that is well equipped to handle both contentious and non-contentious mandates. Lawyers within the firm are active on major international disputes as well as on regulatory compliance matters. Its client base includes global financial institutions and insurance companies.
Work Highlights
- Kennedys was Bermuda counsel to NatWest on its secured senior financing of Comp Re.
Strengths
Provided by Chambers
"They are highly involved and aware of the commercial norms."
"They are thorough in their analyses and comprehensive in their reporting."
"They respond quickly with appropriate suggestions and well thought-out opinions. They are also able to defuse an escalating dispute."
"They are highly involved and aware of the commercial norms."
"They are thorough in their analyses and comprehensive in their reporting."
"They respond quickly with appropriate suggestions and well thought-out opinions. They are also able to defuse an escalating dispute."
Notable Practitioners
Nick Miles advises insurance companies on a wide array of transactional and regulatory matters, including note issuances, financing, portfolio transfers and regulatory compliance. He has additional experience acting on indemnity matters.
"Nick is up to date on every development and gives practical advice to us on business considerations. He has a good grasp of the market and what clients should pursue as the path forward."
Mark Chudleigh heads Kennedys' contentious insurance group within Bermuda. He frequently assists clients with high-value disputes, including on matters relating to medical malpractice, D&O liability coverage and business interruption claims.
"Mark is very knowledgeable on reinsurance."
Ranked Lawyers at
Kennedys
Bermuda
Industries
Provided by Kennedys
Financial institutions
Insurance
Marine and cargo
Motor liability
Reinsurance