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Work 020 3697 1900
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Stephen Carter

Work +44 20 3697 1902
Carter Perry Bailey LLP




Stephen is Managing Partner of Carter Perry Bailey. On qualifying in 1980, he joined a leading London insurance law firm, practicing primarily in professional indemnity and public liability defence and coverage. He moved to Charles Russell to work for two years on secondment in-house at a run-off management company. During this time his focus expanded to include the reinsurance market, in which he has been closely involved ever since, and other classes of insurance, broking and agency. He became a Partner in Charles Russell, and headed its insurance and reinsurance practice until, in 2009, with other members of that team, he set up Carter Perry Bailey.

Litigation and Arbitration

Stephen represents UK and international clientele in insurance and reinsurance litigation and arbitration. This has ranged from defence and coverage issues in London courts and arbitration to co-ordinating the representation of, and advice to, parties in overseas disputes with multi-jurisdictional facets. His practice has encompassed a wide range of insurance, reinsurance, insurance broking and agency issues, both in the live and run-off markets. He has acted in ad hoc arbitrations and arbitrations under ARIAS (UK), ICC, LCIA, City Disputes Panel and KAC Rules, in London and overseas. Stephen is qualified as a member of the Chartered Institute of Arbitrators through its international arbitration module. He is also an ARIAS (UK) accredited arbitrator and has been instructed in overseas proceedings as an expert witness on English reinsurance.

Stephen has also conducted international commercial litigation and arbitration.

Commercial and Regulatory

Stephen advises on the drafting of insurance policy and reinsurance contract wordings (both traditional and ILS backed) and agency contracts. In the run-off market, he has advised on run-off management and reinsurance issues including Loss Portfolio Transfers, Schemes of Arrangement, Part VII transfers, commutations and management agreements. He advises on insurance regulatory issues concerning UK business and establishment. He has also advised an overseas government on the drafting of its External Insurance Act and on the structures and legislation that would be involved in creating an arbitration centre.

He is a regular speaker and contributor of articles on insurance, reinsurance and arbitration issues and is currently a Director of Community Reinsurance Corporation Limited, a reinsurance company in run-off.





  • ARIAS (UK) – Panel Arbitrator
  • Community Reinsurance Corporation Limited – Director
  • Chartered Institute of Arbitrators – Member
  • London Court of International Arbitration – Member of the European Users Council
  • Federation of Defense of Corporate Counsel (“FDCC”) – International Vice Chair; past Chair of Reinsurance, Excess and Surplus Lines Section; UK Country Representative
  • Association of Defense Trial Attorneys (“ADTA”) – Member
  • British Institute of International and Comparative Law – Member
  • British Insurance Law Association (“BILA”) – Member
  • Institute of Art and Law – Member
  • Association of Insurance & Reinsurance Service Providers (“AirSP”) – former Board Member
  • Insurance & Reinsurance Law Review – former Editorial Advisory Board Member
  • Royal Academy of Arts – Friend

London: Insurance

Insurance and reinsurance litigation

Within: Leading individuals

Stephen Carter - Carter Perry Bailey LLP

Within: Insurance and reinsurance litigation

The ‘very knowledgeable and responsive’ team at niche insurance firm Carter Perry Bailey LLP, based in the heart of London’s insurance and reinsurance market, is ‘top class’, but its real selling point is ‘the expert and approachable founding partners’. Stephen Carter has over 30 years’ experience of insurance and reinsurance, and specialist in international direct insurance claims Bernadette Bailey ‘is consummately professional and highly effective’. The ‘responsive and pragmatic’ Bill Perry is handling a complex ongoing case for mutual insurance company Sentry Insurance following a Part VII transfer which turned out to be defective. Despite a general downturn in London market reinsurance disputes, the international nature of the practice has meant that it continues to receive instructions in reinsurance matters, whether direct from overseas insurers/reinsurers, through brokers or through its membership of Insuralex, the leading international group of specialist insurance and reinsurance law firms. Among its diverse clients the firm can count AXA ART Insurance, FedEx Trade Networks, Nasco France and Syrian Arab Insurance.

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Insurance: corporate and regulatory

Within: Insurance: corporate and regulatory

Dedication to clients and an ability to manage complex situations’ are the cornerstones of Carter Perry Bailey LLP's practice. At the niche insurance and reinsurance firm, ‘service is always good and of a personal nature and the firm has great communication at all stages of work’. This is helped by the dedicated and focused nature of the team, allowing for all matters to be handled by a hands-on partner. Practice head Stephen Carter has over 30 years’ experience in the sector, specialising in reinsurance and insurance coverage, including international arbitration, litigation and (re)insurance contract drafting.  However, the whole team can boast industry knowledge and expertise born of substantial in-house experience, and an international service bolstered by being the UK member of Insuralex, the leading international group of specialist insurance and reinsurance law firms. It also has strength in transactional matters, recently enhanced by specialist employment lawyer Joseph Sutton joining as a consultant.

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