Dealing With Bermuda Segregated Accounts Companies

A Bermuda company (including a limited liability company) may be registered as a segregated accounts company (a "SAC") under the Segregated Accounts Companies Act 2000 (as amended) (the "SAC Act") to enable it to establish one or more 'segregated accounts' (sometimes referred to as 'cells') within such company.

A SAC can use its segregated accounts to segregate its assets and liabilities, so that the assets and liabilities linked to a particular segregated account are statutorily separated from the assets and liabilities of its other segregated accounts and from its general assets and liabilities.

SACs have created opportunities for the introduction of innovative legal structures across manifold business areas and we encounter SACs routinely in connection with a wide range of uses, including insurance and reinsurance-related vehicles, multi-class investment funds, digital asset businesses and multi-asset holding companies.