Insurance & Reinsurance

Appleby’s Insurance & Reinsurance practice specialises in advising on the establishment, regulatory compliance and business operations of (re)insurance companies, as well as (re)insurance managers and brokers based in offshore jurisdictions.

Appleby’s award-winning team of lawyers are based in key offshore jurisdictions that are significant players in the global (re)insurance market – including Bermuda, the British Virgin Islands (BVI), the Cayman Islands, Guernsey, Hong Kong, the Isle of Man, and Jersey - and are therefore well placed to advise clients that are seeking to carry out business in any of these offshore jurisdictions or transact business with locally-based insurers.

Our insurance and reinsurance litigation practice is one of the most established in the offshore world.

Appleby was named 'Bermuda Market Leader' in Intelligent Insurer 2013 Legal Elite Survey.

Our services include advising private and listed companies, including major New York and London finance houses, as well as FTSE 100 and Fortune 500 household names.

Appleby’s lawyers operate as multi-jurisdictional teams, regularly providing advice regarding:

  • Establishing, regulatory compliance and business operations of commercial (re)insurance companies (life and non-life), insurance managers and brokers
  • Special Purpose Insurers (SPIs), formed as issue vehicles for Insurance-Linked Securities (ILS), including collateralized reinsurance and industry loss warranties (ILWs)
  • Mergers and acquisitions of insurance companies
  • Capital raising (private equity and IPOs) of (re)insurers or their holding companies
  • Re-domiciliation of (re)insurance companies into or out of our jurisdictions
  • Longevity and other risk swaps
  • Fixed and variable annuity products
  • Hedge fund-owned insurance companies
  • Captive and rent-a-captive programmes
  • Segregated accounts and portfolio companies
  • Value-added insurance wraps
  • Policies and other contracts
  • Governance procedures and other regulatory matters
  • Protection and Indemnity (P&I) Clubs
  • Mutual insurance companies
  • Assignment of policies as security for financing
  • Schemes of Arrangement/Transfer of insurance portfolios

Segregated Accounts/Portfolio Companies

Appleby’s Segregated Accounts/Portfolio Companies team offers a wide range of services in relation to the development, promotion and delivery of segregated accounts and portfolio products, mainly for insurance companies and mutual funds, which are the main users of the public legislation.

Our lawyers have extensive experience in advising on:

  • The incorporation and registration of segregated accounts/portfolio companies
  • Drafting specialised documentation, i.e. bye-laws and preferred shareholder agreements
  • Inter-account transactions

Expertise

Recent examples of our expertise include:

  • Video interview with Brad Adderley ''Bermuda Hosts a Unique African Catastrophe Insurer' A.M. Best TV, June 2014
  • Video interview with Brad Adderley 'Capital Market Players Are in Bermuda Insurance Market To Stay' A.M. Best TV, June 2014
  • Video interviews with Brad Adderley and Alan Bossin at the 2013 Cross Border M&A Advisor Symposium
  • Article written by Appleby partner Tim Faries on Latin America and its key role in Bermuda's future as a captive domicile
  • Article written by Tim Faries on the Bermuda (re)insurance market’s resilience, which bore witness to a number of wins and provided financial support to disaster-struck areas of the US efficiently and cost-effectively