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 of the captive concept in the early 1960s. Bermuda is the world’s leading captive domicile.
Available: Insurance Company Incorporation Brochure
What the team is known for Highly rated corporate group renowned for its proficiency in transactions related to insurance and reinsurance. Ably represents multinational investment funds, insurance corporations and clients in the financial services sector. Enjoys longstanding recognition for its
What the team is known for Acclaimed Bermudian practice offering strength in both contentious and non-contentious insurance mandates. Noted for its experienced handling of significant multi-jurisdictional M&A transactions. Provides high-end advice to an array of international and domestic insurance companies,
On 13 November 2020, the Companies (Winding-Up) Amendment Rules 2020 (the “Amendment Rules”) came into effect and are the first substantive update to the Companies (Winding-Up) Rules 1982 (the “1982 Rules”). The Amendment Rules were developed by the executive committee
On February 18, 2021, the Bermuda Monetary Authority (the “BMA”) released its annual Bermuda Cyber Underwriting Report (the “Cyber Report”). While the main focus of the Cyber Report is cyber underwriting, it briefly mentions a few areas of convergence with
