Insurance in Guernsey

Bedell Cristin

Bedell Cristin’s insurance practice is a key name for engagements pertaining to insurance-link securities (ILS) and captive insurance structures. Practice head Richard Sharp (who is praised as 'responsive, pragmatic and a pleasure to work with') acts for Guernsey-based managers and European reinsurers, while also obtaining significant referrals through leading London firms. The team also advises on longevity swap transactions and innovative green insurance regulation. Of counsel Mark Helyar is involved in the creation of cutting-edge conversion vehicles in the ILS market, having designed the innovative ‘Fund of One’ concept. Dylan Latimer provides advice on strategic risk solutions and Lee Osborne acts for clients on insurance M&A deals.

Practice head(s):

Richard Sharp

Other key lawyers:

Mark Helyar; Dylan Latimer; Lee Osborne


‘Provides knowledge and understanding of ILS industry.’

‘Richard Sharp is a pleasure to deal with and easy to talk to. Communication from the company as a whole has been excellent.’

‘Richard Sharp is super responsive but also available to take calls at any time of day or weekends when it comes to transaction closing and getting the documents finalised. This willingness to go above and beyond is a tremendous asset.’

‘Really great insurance team – know their stuff and get the job done.’

‘Richard Sharp and Lee Osborne were always very responsive and facilitative of tight timelines and very knowledgeable in their respective areas of expertise.’

‘Richard Sharp is responsive, pragmatic and a pleasure to work with.’

Key clients

Artex Risk Solutions


Aon Insurance Management

Munich Re

First Central Group Limited

Insurance Corporation of the Channel Islands

Robus Group

Falcon Insurance PCC

Work highlights

  • Acted for Munich Re, an existing longevity insurance client, in connection with its role as reinsurer to the £1bn pension risk transfer transaction for the Willis Pension Scheme.
  • Advised Pollen Street Capital on a £200m investment in Markerstudy Group, the fifth-largest motor insurer in the UK.
  • Acted for Goldman Sachs-backed Aston Lark on the acquisition of Neon Sapphire Underwriting.

Carey Olsen

Carey Olsen’s insurance practice is a market leader in the field of risk transfer transactions; both practice heads Christopher Anderson and Konrad Friedlaender are handling ongoing instructions on behalf of multinational pension fund clients, with highlights involving multibillion-pound assets. The team regularly takes care of headline insurance and reinsurance M&A deals for onshore clients; Natasha Kapp and senior associate Arya Hashemi contribute expertise on this side.

Practice head(s):

Christopher Anderson; Konrad Friedlaender

Other key lawyers:

Natasha Kapp; Arya Hashemi


‘Konrad Friedlaender is very experienced in the field.’

Key clients

MMC Treasury Holdings Limited (Marsh & McLennan)

Peregrine Life

Prudential Assurance Ltd

Phoenix Life Insurance Ltd


Old Mutual

Aviva Life & Pensions


Euroben Life & Pensions

Monument Re

Work highlights

  • Advised the trustees of the Willis Pension Scheme as part of a longevity swap transaction with Munich Re to manage longevity risk in relation to £1bn of pensioner liabilities in the scheme.


Jointly led by John Lewis and Helen Wyatt, Mourant’s insurance offering acts for top-flight domestic and international insurers and reinsurers on the breadth of non-contentious activity. Ongoing instructions encompass multibillion-pound risk transfer transactions and insurance-related M&A and the associated regulatory requirements. Dispute resolution partner Gordon Dawes and counsel Chantal Barrett have a strong reputation for insurance litigation pertaining to professional indemnity, D&I, coverage and regulatory enforcement claims. The team also advises on captive insurance structures.

Practice head(s):

John Lewis; Helen Wyatt

Other key lawyers:

Gordon Dawes; Chantal Barrett; Sarah Huelin; Jula Le Cornu


‘Sarah Huelin and Jula Le Cornu have been fantastic to work with. They are responsive and efficient and provide sensible solutions when problems arise. They have a deep knowledge of the market. They are approachable and have been a pleasure to work with.’

‘Mourant has a strong corporate practice in Guernsey, and are the firm we tend to call first when we have a financial services matter. I tend to use them for insurance matters, and find that they are well versed on both the law and market practice. They seem to be the go-to firm for insurance portfolio transfers in Guernsey, and worked on a number of high-profile transfers last year.’

Key clients

Insurance Corporation of the Channel Islands

Equitable Life Assurance Society

Islands Insurance

Legal & General

Prudential Assurance Corporation

ReAssure Limited

Rothesay Life

States of Guernsey

Work highlights

  • Advising an insurer client on policy coverage issues across a range of business interruption claims arising out of losses sustained by businesses across Guernsey and Jersey as a consequence of Covid.
  • Advising Legal and General Assurance Society Limited and Reassure Limited on the transfer of traditional insurance-based savings, pensions, life and with-profits business, consisting of approximately 1 million policies and assets of approximately £28bn.
  • Advising Premier Oil on the establishment of its new stand-alone captive insurer in Guernsey.


Walkers’ insurance practice is headed up by highly rated expert Kate Storey (who is praised as 'a stand-out player in the market, super knowledgeable and responsive'). Working closely with the corporate group, Storey advises on pension fund longevity swap transactions and M&A deals with extensive regulatory elements. The team fields experience in the ILS sector, having advised on the establishment of a number of recent protected cell companies. Senior associates Adam Pickering and Jessica Robinson are key members of the practice, appearing across the breadth of instructions.

Practice head(s):

Kate Storey

Other key lawyers:

Adam Pickering; Jessica Robinson


‘Always looking to drive innovation and regulatory law changes to help with smooth and efficient ILS rules and legislation.’

‘Having dealt with Kate Storey on several occasions over the last few years I have always found her to be extremely approachable, knowledgeable, with a sharp eye and quick to respond.’

‘Kate Storey is a recognised insurance expert in the Guernsey and offshore markets. She has excellent experience and knowledge of the subject and is the go-to expert on the island.’

‘We are an insurance company operating in Guernsey. We use Walkers as our legal counsel. We work with Kate Storey as our principal contact. Kate and her team are outstanding. They have in-depth knowledge of Guernsey, the PCC set up and management. We highly recommend them.’

‘Kate Storey is a stand-out player in the market, super knowledgeable and responsive and always prepared to give time to nascent projects and opportunities.’

‘One of a very small number of practices in Guernsey with capability or experience in setting up pension longevity swap structures.’

‘Kate Storey is one of a handful of lawyers in Guernsey with experience of transactions employing a Guernsey captive insurance company for the purposes of a pensions longevity swap. She has the know-how and capability to advise pensions trustees in respect of the various stages of the transaction, including in relation to Guernsey licensing requirements.’

Key clients

Arch Insurance/Barbican Group

ClaRe PCC Limited

Integro Insurance Brokers

White Rock Insurance Company PCC Limited

Fuel Insurance PCC Limited

g Reinsurance Limited

Prudential Staff Pensions Limited

Scafell Insurance IC Limited

Neon Holdings (U.K.) Limited

Quest Group Holdings Limited

RA International FZCO

Managed Risk Insurance PCC Limited

Trafalgar Insurance Solutions PCC Limited

Tempsford Insurance Company Limited

Kier Insurance Limited

Ortac Underwriting Agency Limited

Work highlights

  • Acted as Guernsey counsel to Neon Holding on its sale of Neon Sapphire Underwriting Limited, a licensed Guernsey insurance manager, to Spring Partners Limited, a joint venture of Aston Lark.
  • Advised Fuel Insurance PCC on its establishment in Guernsey, providing a new fuel insurance solution, designed to help companies — including shipping lines — against rising fuel costs.
  • Acted as Guernsey counsel to the Prudential Staff Pension Scheme, M&G’s largest UK pension scheme, on its entry into a longevity swap transaction with Pacific Life Re, using a Guernsey captive insurance company.