CASL Brochure

Synopsis: Compass Administration Services Limited (“CASL”) is an affiliate of Attride-Stirling & Woloniecki (“ASW”), a specialist corporate and commercial law firm based in Bermuda. CASL provides a comprehensive range of administration services to Bermuda’s exempted and local companies (including insurance, reinsurance, … Continue reading

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Regulation of Exempted Companies in Bermuda

Synopsis: An exempted company (“exempted company”) is a company, which is “exempted” from the requirements imposed on local companies by the Bermuda Companies Act 1981 (the “Companies Act”), in particular the requirement that at least 60% of the equity of … Continue reading

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Global Reinsurance, Omission Is Not An Option – June 2006

Synopsis: Peter Dunlop reveals the dangers of failing to deal effectively with the issue of governing law. The Issue of a policy’s governing law may not feature too prominently in the minds of underwriters, who are primarily focussed on such commercial … Continue reading

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Memorandum on Director’s Duties Under Bermuda Law

Synopsis: This memorandum deals with the responsibilities of directors and officers, as they relate to the Company both under Bermuda statute law and as a matter of common law. Available: Memorandum on Directors’ Duties Under BDA Law

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Memorandum on the Deregistration of a Bermuda Licensed Insurance Company – April 2010

Synopsis: Although an insurance company can be wound up we recommend that the Company be deregistered as an insurer prior to the commencement of the liquidation process. The Bermuda Monetary Authority (“BMA”) will cancel the registration of an insurer (or … Continue reading

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Bermuda Captive Insurance Companies (Spanish Version)

Synopsis: Spanish Article: Bermuda ha sido y continúa siendo líder en el mercado de compañías de seguro captive y de rent-a-captive desde que el concepto de compañía de seguro cautiva se introdujo en Bermuda en la década del 60. Authors: … Continue reading

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Reinventing the Spiral, Intelligent Insurer – February 2010

Synopsis: A recent court ruling in Equitas v. Randall & Quilter aims to rectify a situation whereby loss claimants are systematically stymied in their attempts to make reinsurance recoveries. “There are only two rules, both obvious. First, that the reinsurer … 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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Memorandum on Insurance Amendment (No. 2) Act 2010

Synopsis: This memorandum summarises a number of the key changes which have been made to the Insurance Act 1978 (the “Act”) as a result of the enactment of the Insurance Amendment (No. 2) Act 2010 (the “2010 Amendment Act”). Available: … Continue reading

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Memorandum on Members Voluntary Liquidation of Bermuda Exempted Company – April 2010

Available: ASW MVL Memo 2010

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