The ‘phenomenal’ insurance and reinsurance practice at Appleby is well-equipped to hand the establishment, regulatory compliance, and business operations of (re)insurance businesses, managers, and brokers. The practice is also experienced in insurance-related mergers, capital raising, and alternative risk transfer structures. Practice head and managing partner Brad Adderley is praised as ’the best in the world at Bermuda reinsurance law’, and he boasts expertise in ILS, alternative, and collateralised reinsurance investment transactions. John Wasty heads up the contentious insurance group and frequently acts for (re)insurers, the insured, captives, and brokers. Alan Bossin is another key name of note in the M&A, corporate finance, and private equity arenas regarding insurance-related mandates. Regulatory and transactional work are strengths of Matthew Carr, while counsel Josephine Noddings expertly handles corporate law elements of insurance matters. In May 2024, counsel Cathryn Minors joined the team from Walkers, while Gary Harris left the team.
Legal 500 Editorial commentary
- Profile
Accolades
Client satisfaction
Testimonials
Collated independently by Legal 500 research team.
‘Great insurance industry and regulatory landscape knowledge.’
‘Brad Adderley and Josephine Noddings are recommended.'
‘I have worked with the team at Appleby in all aspects of establishing a new Bermuda reinsurance platform in the life and annuity sector, seeking registration and licensing, as well as engaging in reinsurance transactions. Their comprehensive approach to serving my team is exceptional and efficient for me.'
'From a relatively small but highly experienced team, they cover us on matters ranging from corporate, transactional, structure, tax, governance, regulatory, employment, immigration, vendor and any other local matter we may need. They are highly collaborative and well-coordinated across these services, making the team very efficient and effective for us.'
'They are wonderfully diverse, which I appreciate wholeheartedly.’
‘Brad Adderley leads our team and is, in my estimation, the best in the world at Bermuda reinsurance law. It doesn't matter where he is or what he is doing, if I have a challenge or a question, I have his direct insight. His team is phenomenal.’
'We worked with Brad Adderley. He is incredibly knowledgeable and extremely helpful and responsive.'
Key clients
- Stable
- Prismic Life
- National Life Group
- Global Atlantic Financial Group Limited
- KKR
- Aegon
- Blackstone
- Resolution Life
- Global Atlantic Financial Group Limited
- Ivy
Work highlights
- Advised Stable, a technology-based commodity price risk management solutions provider, on its launch of a Bermuda domiciled Class 3A insurer, helping to expand its scope further into parametric insurance.
- Advised Prudential Financial, Inc. and Warburg Pincus LLC, on the launch of Prismic Life Reinsurance, Ltd., a licensed Class E Bermuda-based life and annuity reinsurance company.
- Acted as Bermuda counsel to the Aegon group in connection with its re-domiciliation of Aegon N.V. to Bermuda.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next generation partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Brad Adderley
Other key lawyers
John Wasty; Alan Bossin; Tim Faries; Matthew Carr; Josephine Noddings; Cathryn Minors