Practical Law Company: “Country Q&A” – January 2011

Synopsis: The Bermuda insurance market is focused primarily at reinsurers and captive service providers. Bermuda has evolved into a significant insurance and reinsurance market of choice, and is home to a number of large global players who operate in all … Continue reading

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ASW Firm Brochure

Synopsis: “Other firms find it difficult to compete” with the team of reinsurance cases, in particular, and its lawyers are admired for their knack of “giving sound commercial advice without ducking difficult decisions.” – Chambers and Partners Global Website Publication: … Continue reading

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Developments in Bermuda Arbitration Law – 2010

Synopsis: In last year’s edition of Global Arbitration Review we reported Bermuda’s continued development as a sophisticated international arbitration centre, especially for the (re)insurance industry. The past year has seen more and more class 4 (re)insurers writing policies containing Bermuda … Continue reading

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Worldwide Reinsurance – The Review 2009

Synopsis: 2009 is off to an interesting start in Bermuda. While the outside world descends into economic chaos, the number of new captives formed in the first quarter in Bermuda is up, in comparison to the number for 2008. And … Continue reading

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Recent Developments in Bermuda Arbitration – Global Arbitration Review 2009

Synopsis: Bermuda, one of the three largest insurance and reinsurance markets in the world, continues to grow in expertise and reputation as an international arbitration centre. The past year has seen an increas- ing number of class 4 reinsurers1 writing … Continue reading

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Practical Bermuda Q&A – Dispute Resolution 2008/2009

Authors: Jan Woloniecki and Nathaniel Turner Published: Dispute Resolution 2008/09 Vol 1, Practical Law Article: Practical Law Country Q&A

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ASW Newsletter – May 2009

Synopsis: The 2008 Amendment Act introduces new requirements on Bermuda’s highly-capitalised prop cat and excess loss Class 4 carriers to prepare, in addition to statutory financial statements, audited financial statements prepared in accordance with GAAP or IFRS standards. The 2008 … Continue reading

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Bermuda Legal Guide 2009, The Review

Synopsis: A Dangerous Illusion: Cut-through clauses are often used in conjunction with Bermudian captive re/insurance arrangements. For example, a US insured is obliged under its local laws to interpose a local insurer to front much of its insurance business needs … Continue reading

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Inside Comment, Bermudian Opportunities – November/December 2008

Synopsis: Bermuda, despite being one of the largest (re)insurance markets in the world, has been a comparatively under-used fac market. The US and London property and casualty fac markets remain the more attractive and popular sisters of the Bermuda market, … Continue reading

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Incorporation and Licensing of Insurance Companies in Bermuda – February 2008

Synopsis: The Bermuda insurance industry has its origins in the late 1940s but rapid development only started to take place with the advent of the captive insurance company, the first truly Bermudian insurance product, developed by Fred Reiss the creator … Continue reading

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