Leading Individuals

Rising Stars

Insurance/reinsurance in Cayman Islands

Campbells

Campbells‘ insurance practice fields a team of experienced practitioners, and its ‘breadth of experience makes it a go-to team' in the insurance and reinsurance space. Handling contentious and non-contentious matters, the practice routinely advises some of the largest insurance carriers in the Caribbean and several Cayman government agencies in high-profile insurance disputes ranging from property damage claims to personal injury proceedings to P&I insurance matters. Corporate group head Alan Craig is noted for advising reinsurers in Cayman as well as foreign insurers participating in the domestic market, while Mark Goodman specialises in liquidation claims. Paul Kennedy‘s experience ranges from contentions insurance matters to coverage, regulatory and solvency matters. Jeremy Durston focuses on advising captives, insurance segregated portfolio companies, and underlying insureds on regulatory and solvency matters, as well as on directors’ duties claims, while Liam Faulkner is recommended for his specialism in shareholder and investment fund disputes.

Responsables de la pratique:

Alan Craig; Mark Goodman


Autres avocats clés:

Paul Kennedy; Jeremy Durston; Liam Faulkner


Les références

‘The Campbells team are knowledgeable and responsive. The breadth of experience makes it a go to team.’

‘Alan Craig is always available and provides valuable insight and team support.’

Principaux clients

Pantheon Re


Francis Drake Insurance Company


Attollo Insurance


MCK Re


ACT Risk


Salus Re SPC


Epic Re


Sunrise Professional Indemnity SPC


Alembic


Allied Indemnity


Aegis Insurance


Roosevelt Insurance


Next Era Energy


Prosperity Life


Roosevelt Insurance


Advantage Insurance


Western International


Marsh


Athene


Willis Towers Watson


Cooper Gay / Ed Broking


Island Heritage


ICWI (Insurance Company of the West Indies)


Guardian Life


Global Captive Management


Artex Risk Solutions


Caribbean Catastrophe Risk Insurance Facility


Guardian General


Strategic Risk Solutions


Beecher Carlson


Crum & Forster


Cottingham & Butler


United Health Group


Innovative Captive Strategies


Caribbean Alliance


Pan-American Life Insurance Group


Investors Trust


DiffRins Insurance Company


Principaux dossiers


  • Advised CCRIF SPC (The Caribbean Catastrophe Risk Insurance Facility) on the expansion of the parametric insurance program covering Caribbean nations.
  • Advised on multiple financing arrangements for leading US life insurance companies, using off-balance sheet structures.
  • Advised on the formation of multiple new group captives across a variety of industry sectors.

Conyers

Conyers‘ team regularly advises clients across the full spectrum of insurance transactions with work involving captives, agents, brokers, reinsurance issues, alternative risk transfers, insurance financings, catastrophe bonds and other insurance-linked securities. Leading the insurance and reinsurance practice is Derek Stenson, who is praised for his experience advising a deep roster of international financial and insurance institutions on all aspects of insurance and reinsurance law and regulations. With expertise in insurance regulatory, commercial, financing and transactional matters, Philippa Gilkes is an ‘extremely valuable resource’ for the team, together with captive insurance expert Paul Scrivener, who is an independent consultant to the practice. Both Sarah Farquhar and Róisín Liddy-Murphy routinely advise insurer clients on a wide range of regulatory and compliance matters including CIMA licensing issues and registrations.

Responsables de la pratique:

Derek Stenson


Autres avocats clés:

Philippa Gilkes; Paul Scrivener; Sarah Farquhar; Róisín Liddy-Murphy


Les références

‘The Conyers Insurance/Reinsurance team lead by Derek Stenson have the extensive market expertise that enables them to offer strategic solutions. They are highly responsive, commercial and always a pleasure to work with.’

‘Derek Stenson is extraordinarily well connected within the Cayman Islands business community, enabling him to offer insights on emerging legal issues impacting his clients.’

‘Conyers is extremely strong in its understanding of the local legislation and regulation as well as our company. Their advice is accurate and timely and they are pleasant to deal with.’

Principaux clients

Agam Capital Management


AIG


Aon


Arch Capital


Ascension Health


Aspida Holdings


Artex


Athene Holding Ltd.


Aran Re


Augusta Health


Axar Re


Baptist Health


Barents Re


Berkshire Hathaway


BOLT Reinsurance SPC


Cayman Islands National Insurance Company


CIBC Reinsurance


CIGNA


CIRCA (Cayman International Reinsurance Companies Association)


Coinbase Insurance


Comerica Bank


Converge Re


Crestline Re


F&G Re


Front Street Re


FWD Re


Global Atlantic Financial Group


Greenlight Re


Ibexis Life & Annuity


Island Heritage Insurance Company, Ltd.


Jackson National


KKR


Knighthead Annuity


Lexasure Financial Group


Liberty Mutual


Longtail Re


MetLife


Prudential plc


Nirvana Tech, Inc,


Northern Reinsurance SPC


Randall & Quilter Investment Holdings Ltd.


Reinsurance Group of America


Root Inc.


Royal Bank of Canada Insurance Company Limited


Scotiabank


Sompo


Talcott Life & Annuity Re, Ltd.


Tokio Marine


Topsail Re


United Insurance Company


Wilmington Holdings Corporation


Principaux dossiers


  • Acted for Sixth Street on the establishment and licensing of Talcott Life & Annuity Re, Ltd. and provided legal and regulatory advice in respect of its entry into a reinsurance transaction with Principal Financial Group.
  • Provided legal and regulatory advice to Knighthead Annuity & Life Assurance Company in connection with the issuance by Knighthead of up to $50m Series A Fixed-Rate Prescribed Capital Notes.
  • Advised Augusta Healthcare, Inc. in relation to a quasi-partnership dispute involving a captive insurance company incorporated in Cayman to provide insurance solutions for not-for-profit healthcare systems (each operating several hospitals) in the state of Virginia, US.

Walkers

Walkers‘ insurance practice draws on the expertise of its team to routinely advise on regulatory insurance matters and CIMA remediation compliance reviews. Financial regulatory and risk management specialist and practice co-head Lucy Frew has a longstanding experience in assisting clients with contentious, often cross-border, financial regulatory matters, as well as representing insurers in a wide range of disputes, including class actions. Co-lead Philip Paschalides is noted for his expertise in catastrophe bonds, insurance-linked securities and bespoke structured transactions, while Juliana Tang‘s focus is on regulatory applications and notifications, anti-money laundering issues, insurtech matters and CIMA regulatory inspections. Ian Mason recently joined the team, adding expertise in regulatory issues including insider dealing, anti-money laundering, fintech and crypto–asset mandates.

Responsables de la pratique:

Lucy Frew; Philip Paschalides


Autres avocats clés:

Juliana Tang; Ian Mason


Principaux clients

Premier Assurance Group SPC


Principaux dossiers


  • Acted for the Joint Controllers, Joint Provisional Liquidators and Joint Official Liquidators of Premier Assurance Group SPC Ltd in a large cross-border liquidation of a regulated insurance company in Cayman.

Appleby

Appleby‘s insurance team is based in key offshore jurisdictions in the global (re)insurance market and is well equipped to provide comprehensive advice on a mix of corporate, financing and regulatory matters. The insurance team is jointly led by Simon Raftopoulos and Jacob MacAdam, whose practice encompasses advising on insurance transactions and regulatory matters particularly in the reinsurance, banking and fiduciary space. Menelik Miller is sought out by insurers, reinsurers, investment companies and fintech clients for her expertise in regulatory issues including license applications, registrations, authorisations, notifications and regulatory filings, areas in which Miriam Smyth is also notably active.

Responsables de la pratique:

Simon Raftopoulos; Jacob MacAdam


Autres avocats clés:

Menelik Miller; Dean Bennett; Miriam Smyth


Les références

‘Very responsive team, always willing to help and offer assistance. Jacob McAdam is our trusted adviser. The team can also draw in subject matter specialists from their Regulatory/Capital teams when needed.’

‘Very easy to work with and pleasant demeanour. Very supportive and have been with us from the outset.’

Principaux clients

TxEx Energy Investments, LLC


Brookfield Asset Management


Brickell PC Insurance Holdings LLC


Principaux dossiers


  • Advised TxEx Energy Investments, LLC on incorporating its own insurance captive in the Cayman Islands, InsureMeCo (SPC) Ltd, for the purpose of a captive risk financing mechanism for portions of its insurance program with Medical Stop Loss coverage being the primary focus.
  • Acted as Cayman counsel to Brookfield Asset Management in connection with the incorporation of a Cayman Islands exempted company as a regulated reinsurance vehicle.
  • Provided regulatory advice in connection with a change of control application with the Cayman Islands Monetary Authority.

Maples Group

Maples Group‘s insurance team offers advice on the full gamut of insurance-related matters, including regulatory compliance work, insurer licensings, capital insurance matters and catastrophe bonds. John Dykstra leads the Cayman practice and routinely advises on catastrophe bond transactions, while Tim Frawley notably focuses on insurance company formations, corporate transactions and regulatory advice, insurance-linked securities, and mortality and longevity risk arrangements. Insurance-linked securities transactions are Joe Jackson‘s key area of expertise in the insurance space.

Responsables de la pratique:

John Dykstra


Autres avocats clés:

Tim Frawley; Joe Jackson; Hailee Robinson


Les références

‘Personable, approachable, very accessible, very knowledgeable, gets the job done.’

‘John Dykstra instills the highest confidence with his expert advice, deep knowledge of Cayman law, and ability to understand issues from the business perspective. He not only efficiently answers my questions, but by understanding the business needs, he also answers the questions I didn’t even know I needed to ask.’

‘Hailee Robinson is a pleasure to work with. She is extremely knowledgeable, diligent, and efficient. She clearly strives to deliver amazing customer service (and she always does).’

Principaux clients

United Insurance Company,


Signature Insurance Company


United SPC


Cayman First Insurance Company Limited


Oxbridge Reinsurance Limited


Knighthead Annuity & Life Assurance Company


Nassau Re (Cayman) Ltd.


Island Heritage Insurance Company, Ltd.


Brac Insurance Associates Ltd.


Magni Re Ltd.


Principaux dossiers


  • Advised in respect of Residential Reinsurance 2023 Limited, an insurance-linked securities transaction reinsuring USAA in respect of US hurricanes, earthquakes and other perils.
  • Advised the Accelerant Group in respect of the establishment and licensing of Accelerant Re (Cayman) Ltd., a Cayman Islands exempted company licensed as a Class B(iii) reinsurer.
  • Advised Everlake Reinsurance Limited, which was created in connection with Blackstone’s acquisition of Allstate’s life insurance business.