Campbells‘ insurance practice fields a team of experienced practitioners, and its ‘breadth of experience makes it a go-to team' in the insurance and reinsurance space. Handling contentious and non-contentious matters, the practice routinely advises some of the largest insurance carriers in the Caribbean and several Cayman government agencies in high-profile insurance disputes ranging from property damage claims to personal injury proceedings to P&I insurance matters. Corporate group head Alan Craig is noted for advising reinsurers in Cayman as well as foreign insurers participating in the domestic market, while Mark Goodman specialises in liquidation claims. Paul Kennedy‘s experience ranges from contentions insurance matters to coverage, regulatory and solvency matters. Jeremy Durston focuses on advising captives, insurance segregated portfolio companies, and underlying insureds on regulatory and solvency matters, as well as on directors’ duties claims, while Liam Faulkner is recommended for his specialism in shareholder and investment fund disputes.
Insurance/reinsurance in Cayman Islands
Campbells
Practice head(s):
Alan Craig; Mark Goodman
Other key lawyers:
Paul Kennedy; Jeremy Durston; Liam Faulkner
Testimonials
‘The Campbells team are knowledgeable and responsive. The breadth of experience makes it a go to team.’
‘Alan Craig is always available and provides valuable insight and team support.’
Key clients
Pantheon Re
Francis Drake Insurance Company
Attollo Insurance
MCK Re
ACT Risk
Salus Re SPC
Epic Re
Sunrise Professional Indemnity SPC
Alembic
Allied Indemnity
Aegis Insurance
Roosevelt Insurance
Next Era Energy
Prosperity Life
Roosevelt Insurance
Advantage Insurance
Western International
Marsh
Athene
Willis Towers Watson
Cooper Gay / Ed Broking
Island Heritage
ICWI (Insurance Company of the West Indies)
Guardian Life
Global Captive Management
Artex Risk Solutions
Caribbean Catastrophe Risk Insurance Facility
Guardian General
Strategic Risk Solutions
Beecher Carlson
Crum & Forster
Cottingham & Butler
United Health Group
Innovative Captive Strategies
Caribbean Alliance
Pan-American Life Insurance Group
Investors Trust
DiffRins Insurance Company
Work highlights
- Advised CCRIF SPC (The Caribbean Catastrophe Risk Insurance Facility) on the expansion of the parametric insurance program covering Caribbean nations.
- Advised on multiple financing arrangements for leading US life insurance companies, using off-balance sheet structures.
- Advised on the formation of multiple new group captives across a variety of industry sectors.
Conyers
Conyers‘ team regularly advises clients across the full spectrum of insurance transactions with work involving captives, agents, brokers, reinsurance issues, alternative risk transfers, insurance financings, catastrophe bonds and other insurance-linked securities. Leading the insurance and reinsurance practice is Derek Stenson, who is praised for his experience advising a deep roster of international financial and insurance institutions on all aspects of insurance and reinsurance law and regulations. With expertise in insurance regulatory, commercial, financing and transactional matters, Philippa Gilkes is an ‘extremely valuable resource’ for the team, together with captive insurance expert Paul Scrivener, who is an independent consultant to the practice. Both Sarah Farquhar and Róisín Liddy-Murphy routinely advise insurer clients on a wide range of regulatory and compliance matters including CIMA licensing issues and registrations.
Practice head(s):
Derek Stenson
Other key lawyers:
Philippa Gilkes; Paul Scrivener; Sarah Farquhar; Róisín Liddy-Murphy
Testimonials
‘The Conyers Insurance/Reinsurance team lead by Derek Stenson have the extensive market expertise that enables them to offer strategic solutions. They are highly responsive, commercial and always a pleasure to work with.’
‘Derek Stenson is extraordinarily well connected within the Cayman Islands business community, enabling him to offer insights on emerging legal issues impacting his clients.’
‘Conyers is extremely strong in its understanding of the local legislation and regulation as well as our company. Their advice is accurate and timely and they are pleasant to deal with.’
‘Philippa Gikes has been an extremely valuable resource. She is smart, efficient and accurate in her advice.’
‘Conyers lawyers are commercially focused and also take the time to understand their client’s business operations and areas of particular concerns – as they arise from time to time. The solutions they provide are not just “quoting back the law”. Their advice is always exactly on point. They are by far and away the most knowledgeable insurance and reinsurance team on island.’
‘Derek Stenson is the reason to retain Conyers Cayman. He has a great reputation among US lawyers and there’s a good reason for that. He is very knowledgeable about Cayman (re)insurance laws and the business generally. He has good instincts and is rightfully self-confident so his quick answers are usually accurate.’
Key clients
Agam Capital Management
AIG
Aon
Arch Capital
Ascension Health
Aspida Holdings
Artex
Athene Holding Ltd.
Aran Re
Augusta Health
Axar Re
Baptist Health
Barents Re
Berkshire Hathaway
BOLT Reinsurance SPC
Cayman Islands National Insurance Company
CIBC Reinsurance
CIGNA
CIRCA (Cayman International Reinsurance Companies Association)
Coinbase Insurance
Comerica Bank
Converge Re
Crestline Re
F&G Re
Front Street Re
FWD Re
Global Atlantic Financial Group
Greenlight Re
Ibexis Life & Annuity
Island Heritage Insurance Company, Ltd.
Jackson National
KKR
Knighthead Annuity
Lexasure Financial Group
Liberty Mutual
Longtail Re
MetLife
Prudential plc
Nirvana Tech, Inc,
Northern Reinsurance SPC
Randall & Quilter Investment Holdings Ltd.
Reinsurance Group of America
Root Inc.
Royal Bank of Canada Insurance Company Limited
Scotiabank
Sompo
Talcott Life & Annuity Re, Ltd.
Tokio Marine
Topsail Re
United Insurance Company
Wilmington Holdings Corporation
Work highlights
- Acted for Sixth Street on the establishment and licensing of Talcott Life & Annuity Re, Ltd. and provided legal and regulatory advice in respect of its entry into a reinsurance transaction with Principal Financial Group.
- Provided legal and regulatory advice to Knighthead Annuity & Life Assurance Company in connection with the issuance by Knighthead of up to $50m Series A Fixed-Rate Prescribed Capital Notes.
- Advised Augusta Healthcare, Inc. in relation to a quasi-partnership dispute involving a captive insurance company incorporated in Cayman to provide insurance solutions for not-for-profit healthcare systems (each operating several hospitals) in the state of Virginia, US.
Walkers
Walkers‘ insurance practice draws on the expertise of its team to routinely advise on regulatory insurance matters and CIMA remediation compliance reviews. Financial regulatory and risk management specialist and practice co-head Lucy Frew has a longstanding experience in assisting clients with contentious, often cross-border, financial regulatory matters, as well as representing insurers in a wide range of disputes, including class actions. Co-lead Philip Paschalides is noted for his expertise in catastrophe bonds, insurance-linked securities and bespoke structured transactions, while Juliana Tang‘s focus is on regulatory applications and notifications, anti-money laundering issues, insurtech matters and CIMA regulatory inspections. Ian Mason recently joined the team, adding expertise in regulatory issues including insider dealing, anti-money laundering, fintech and crypto–asset mandates.
Practice head(s):
Lucy Frew; Philip Paschalides
Other key lawyers:
Juliana Tang; Ian Mason
Key clients
Premier Assurance Group SPC
Work highlights
- Acted for the Joint Controllers, Joint Provisional Liquidators and Joint Official Liquidators of Premier Assurance Group SPC Ltd in a large cross-border liquidation of a regulated insurance company in Cayman.
Appleby
Appleby‘s insurance team is based in key offshore jurisdictions in the global (re)insurance market and is well equipped to provide comprehensive advice on a mix of corporate, financing and regulatory matters. The insurance team is jointly led by Simon Raftopoulos and Jacob MacAdam, whose practice encompasses advising on insurance transactions and regulatory matters particularly in the reinsurance, banking and fiduciary space. Menelik Miller is sought out by insurers, reinsurers, investment companies and fintech clients for her expertise in regulatory issues including license applications, registrations, authorisations, notifications and regulatory filings, areas in which Miriam Smyth is also notably active.
Practice head(s):
Simon Raftopoulos; Jacob MacAdam
Other key lawyers:
Menelik Miller; Dean Bennett; Miriam Smyth
Testimonials
‘Very responsive team, always willing to help and offer assistance. Jacob McAdam is our trusted adviser. The team can also draw in subject matter specialists from their Regulatory/Capital teams when needed.’
‘Very easy to work with and pleasant demeanour. Very supportive and have been with us from the outset.’
Key clients
TxEx Energy Investments, LLC
Brookfield Asset Management
Brickell PC Insurance Holdings LLC
Work highlights
- Advised TxEx Energy Investments, LLC on incorporating its own insurance captive in the Cayman Islands, InsureMeCo (SPC) Ltd, for the purpose of a captive risk financing mechanism for portions of its insurance program with Medical Stop Loss coverage being the primary focus.
- Acted as Cayman counsel to Brookfield Asset Management in connection with the incorporation of a Cayman Islands exempted company as a regulated reinsurance vehicle.
- Provided regulatory advice in connection with a change of control application with the Cayman Islands Monetary Authority.
Maples Group
Maples Group‘s insurance team offers advice on the full gamut of insurance-related matters, including regulatory compliance work, insurer licensings, capital insurance matters and catastrophe bonds. John Dykstra leads the Cayman practice and routinely advises on catastrophe bond transactions, while Tim Frawley notably focuses on insurance company formations, corporate transactions and regulatory advice, insurance-linked securities, and mortality and longevity risk arrangements. Insurance-linked securities transactions are Joe Jackson‘s key area of expertise in the insurance space.
Practice head(s):
John Dykstra
Other key lawyers:
Tim Frawley; Joe Jackson; Hailee Robinson
Testimonials
‘Personable, approachable, very accessible, very knowledgeable, gets the job done.’
‘John Dykstra instills the highest confidence with his expert advice, deep knowledge of Cayman law, and ability to understand issues from the business perspective. He not only efficiently answers my questions, but by understanding the business needs, he also answers the questions I didn’t even know I needed to ask.’
‘Hailee Robinson is a pleasure to work with. She is extremely knowledgeable, diligent, and efficient. She clearly strives to deliver amazing customer service (and she always does).’
Key clients
United Insurance Company,
Signature Insurance Company
United SPC
Cayman First Insurance Company Limited
Oxbridge Reinsurance Limited
Knighthead Annuity & Life Assurance Company
Nassau Re (Cayman) Ltd.
Island Heritage Insurance Company, Ltd.
Brac Insurance Associates Ltd.
Magni Re Ltd.
Work highlights
- Advised in respect of Residential Reinsurance 2023 Limited, an insurance-linked securities transaction reinsuring USAA in respect of US hurricanes, earthquakes and other perils.
- Advised the Accelerant Group in respect of the establishment and licensing of Accelerant Re (Cayman) Ltd., a Cayman Islands exempted company licensed as a Class B(iii) reinsurer.
- Advised Everlake Reinsurance Limited, which was created in connection with Blackstone’s acquisition of Allstate’s life insurance business.