Insurance/reinsurance in Bermuda


Recognised for its ‘excellent quality of advice’, ‘quick response time and extremely pragmatic approach’, Appleby is routinely engaged by market-leading insurers and reinsurers, which turn to the team for its extensive capabilities in big-ticket capital raisings, hybrid transactions, insurtech implementation and new registrations. The practice is headed up by Brad Adderley, a highly experienced adviser who displays expertise in ILS, alternative and collateralised reinsurance investment transactions. Alan Bossin advises on insurance sector M&A, new company establishments and regulatory requirements, while Tim Faries is noted for his abilities in public and private insurance company capital raising and public listings. Matthew Carr‘s recent highlights include multi-billion-dollar acquisitions and reinsurer licensures. Another key figure is counsel Josephine Noddings, who is also a member of the firm’s global technology and innovation team.

Practice head(s):

Brad Adderley


‘Quick response time and extremely pragmatic approach.’

‘Excellent quality of advice for Bermudian law questions.’

Key clients

Integral ILS

Nanorock Fund Ltd.

Swiss Re

Relm Insurance II Ltd.

IQUW Holdings Bermuda Limited

SOMPO Digital Lab, Inc. and Quantstamp Inc.

AUB Group Limited

Arbol Underwriters Ltd.

Work highlights

  • Acted as Bermuda counsel to Integral ILS in connection with increases of total investor commitments to in excess of $1.4bn.
  • Advised Relm Insurance II Ltd. on all aspects of Bermuda law in connection with its registration as a Class IIGB Insurer.
  • Forming, incorporating and registering both Arbol Underwriters Ltd. and SIG Re Ltd. as an insurance agent and a reinsurer, respectively, and structuring the terms of the agreements between the companies.


The insurance group at Conyers remains a market leader in the Bermudian market, advising a client roster of major commercial insurers and reinsurers, special purpose insurers and captive insurers. Helmed by practice area specialist Charles Collis, the team brings proficiency to high-value, multi-jurisdictional formations, licensures, registrations and insurance sector M&A transactions. A seasoned legal director, Sophia Greaves is noted for her knowledge of the life insurance sector and her experience advising start-ups on the full scope of licensing and regulatory matters. Chris Garrod‘s recent highlights include multi-billion-dollar deals acting on behalf of blue-chip investment banks, while Alexandra Macdonald has expertise in advising on the establishment and ongoing regulation of captive insurers. The ‘outstandingJacqueline King specialises in regulatory regime matters.

Practice head(s):

Charles Collis


‘The team truly has its finger on the pulse when it comes to the Bermuda insurance market and the BMA. They are able to assist with all facets of Bermuda law, and provide practical legal advice and end-to-end support in an extremely responsive manner. Deliverables are always strong.’

‘Jacqueline King is outstanding. She provides timely, thoughtful, and practical advice with a full understanding of her clients’ business needs.’

Key clients

Conduit Reinsurance Limited

Assured Guaranty Ltd.

MetLife Inc.

Somerset Reinsurance Ltd.

Partner Reinsurance Company Ltd.

Work highlights

  • Acted for Randall & Quilter Investment Holdings Ltd., a non-life global specialty insurer, in connection with the acquisition of the company by Brickell PC Insurance Holdings LLC.
  • Advised Massachusetts Mutual Life Insurance Company on the formation and licensing of Martello Re Limited, a licensed Class E Bermuda life and annuity reinsurer.

ASW Law Limited

In addition to advising on high-value M&A transactions, ASW Law Limited‘s insurance practice encompasses restructurings, debt offerings, winding-up petitions and licensings. Practice chair Neil Horner brings expertise to assisting major insurers with multi-billion-dollar deals as well as new company formations. Kehinde George specialises in major restructuring and insolvency matters, while Kim Willey focuses on the captive insurance and reinsurance markets. Hanno Tolhurst is praised by clients for his capabilities in handling big-ticket, cross-border insurance and reinsurance matters. Senior counsel Nikhil Lawton-Misra acts for clients on high-value M&A deals within the sector.

Practice head(s):

Neil Horner

Other key lawyers:

Kim Willey; Hanno Tolhurst; Kehinde George; Nikhil Lawton-Misra


‘The insurance/reinsurance practice displays a deep knowledge specific to the Bermuda industry. It is evident that they have a good relationship with the Bermuda regulators as they provide precedent and show they have regular engagement when a regulatory matter is raised.’

‘Hanno Tolhurst provides a very personable and efficient service. He has been tested on many occasions with very technical and time-pressured matters and has always delivered in a timely and professional manner.’

Key clients

Markel Corporation and its Markel CATCo subsidiaries

Apollo Global Management

Covéa Cooperations

Brookfield Asset Management Reinsurance Partners Ltd.

Aon & Willis Towers Watson

Deloitte Ltd

Clean Energy Transfer Fund

Teneo (formerly KMPG)

Bermuda Monetary Authority

Community Health Systems Inc.

Work highlights

  • Advised insurance and investment holding company Markel Corporation and its subsidiaries on the implementation of a creditor scheme of arrangement.
  • Advised Apollo on all Bermuda legal and regulatory aspects of the merger of Apollo and Athene Holding Ltd, creating a $29bn company.
  • Advised insurance and reinsurance group Covéa on all Bermuda legal and regulatory aspects of its $9bn acquisition of PartnerRe from Italian investment group, EXOR.

Carey Olsen Bermuda Limited

Carey Olsen Bermuda Limited continues to grow in the Bermudan market, advising a strong roster of insurers and reinsurers on high-value corporate deals, insurtech implementation matters and multi-million-dollar company formations. The team is jointly led by the ‘excellent’ Mary Ward, an experienced insurance M&A lawyer who also advises on incorporations and regulatory requirements, and Gavin Woods, a ‘go-to’ figure for insurance-linked securities and the licensing of new insurance entities. Counsel Kent Smith has expertise in advising on big-ticket acquisitions and commercial reviews.

Practice head(s):

Mary Ward; Gavin Woods

Other key lawyers:

Kent Smith


‘Direct and continuous interaction with senior partners and speed of execution on work requests have been the hallmarks of working with Carey Olsen.’

‘Mary Ward is simply excellent. She is well versed in matters of law, pragmatic in her counsel and attentive and timely in responding to requests, providing deliverables, etc.’

‘Mary Ward is highly knowledgeable, approachable, very commercial and always willing to assist with extremely short deadlines!’

Key clients

Arthur J. Gallagher & Co.

Artex SAC Limited

Coralisle Group Ltd.

Global Risk Technologies Ltd

Monument Re

Work highlights

  • Advised Arthur J. Gallagher & Co on all Bermuda corporate and regulatory aspects of its acquisition of the treaty reinsurance brokerage operations of Willis Towers Watson for $3.25bn.
  • Advised Monument Re Limited and its group entities in connection with an amendment and upsizing of the facilities agreement entered into in connection with the acquisition financing in respect of its purchase of GreyCastle.
  • Acted as sole deal counsel to Artex SAC Limited, advising the issuer on a reinsurance transaction, the issuance of Bricolage notes and listing of the notes.


Praised for its ‘knowledgeable and responsive‘ approach, Kennedys advises insurers, reinsurers and captive insurance companies on a diverse range of contentious and non-contentious matters. Well-regarded practice co-chair Mark Chudleigh brings an ‘enviable network and depth of experience‘ to work with clients on multi-jurisdictional matters, with a focus on US entities. Fellow co-chair Nick Miles spearheads the firm’s corporate insurance department, advising on (re)insurance matters, ranging from public company mergers to economic substance regime compliance. Senior associate Nicolas Champ focuses on corporate transactions, while associate Laura Williamson specialises in insurance arbitrations in relation to Bermuda Form policies.

Practice head(s):

Mark Chudleigh; Nick Miles

Other key lawyers:

Nicolas Champ; Laura Williamson


‘The Kennedys insurance litigation team is hard-working and committed to providing an excellent service to their clients. The team also has broad-based and in-depth expertise and experience as insurance and reinsurance litigators, which is second to none.’

‘Mark Chudleigh is an insurance practitioner with an enviable network and depth of experience, who brings real value to the service he provides to his clients.’

‘Laura Williamson is hard-working, thorough and committed in her work and shows an enviable sense of judgment in her practice.’

‘The team is knowledgeable and responsive.’

‘Mark Chudleigh is super responsive, technical and practical in his advice.’

‘They are a collectively innovative team that looks for solutions not problems in their assessment of your deal or situation.’

Key clients

Swiss Reinsurance Company

Chubb Insurance

SiriusPoint Insurance Bermuda

BUPA Global Latin America

Arch Reinsurance Ltd.

Allied World Insurance Company


Markel Bermuda Ltd

Securis ILS Management

National Westminster Bank plc


Singled out as an ‘attentive and knowledgeable‘ team with a ‘phenomenal knowledge of clients’ needs‘, Walkers continues to grow in the Bermuda market, working with blue-chip insurers on a mix of commercial, regulatory and contentious matters. Practice co-chair Sarah Demerling spearheads the team’s insurance-linked securities practice, while fellow co-chair Peter Dunlop, a highly experienced adviser in both disputes and regulatory matters, is a driving force behind the team’s burgeoning catastrophe bonds practice. Fintech head Natalie Neto focuses on the establishment and licensing of various entities within the insurtech sector. Senior associate Melanie Fullerton has wide-ranging regulatory capabilities and experience in BMA insurance applications.

Practice head(s):

Peter Dunlop; Sarah Demerling

Other key lawyers:

Natalie Neto; Melanie Fullerton


‘Very attentive and knowledgeable team.’

‘Very quick response and phenomenal knowledge of clients’ needs.’

Key clients

Athene Holdings Ltd.

Our Kettle Inc.

Swiss Re

McGill and Partners

Inigo Limited


Reflex Solutions Ltd


Credit Suisse ILS

Aquarian Holdings LLC

Work highlights

  • Advised Athene Holdings Ltd. on the Apollo Global Management merger, which resulted in a combined entity with a market capitalisation of $43bn.
  • Advised Our Kettle on the formation and licensing of Kettle Re Ltd, a Bermuda “Collateralised Insurer” underwriting California wildfire risk using insurtech underwriting technology.
  • Advised Aquarian Holdings LLC on the acquisition of a controlling interest in Somerset Re.