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Appleby
Department profile | Appleby
Insurance: Contentious

About

Provided by Appleby

We are the leader for re/insurance in Bermuda with the only dedicated insurance and reinsurance team on island. Our practice involves 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. We advise in all aspects of re/insurance, including catastrophe bonds, SPls, sidecars and other insurance-linked securities, in addition to capital raising, M&A and lnsurTech. Our team is well-established as the lead insurance practice on island with the most extensive portfolio of clients.

Chambers Review

Provided by Chambers

Insurance: Contentious - Bermuda

2
Band 2

What the Team is Known For

Appleby has a globally renowned insurance practice. The team regularly represents international companies and insurance clients headquartered in Bermuda in non-contentious mandates spanning multiple jurisdictions, including key work for insurers and reinsurers in licensing, restructuring and insurance company formation. The firm is also particularly active in the insurance regulatory aspects of corporate and financing transactions, as well as advising on product launches. These strengths are complemented by the skills of the firm's dispute resolution practice, which is highly experienced in insurance disputes.

Work Highlights

Provided by Appleby

  • Appleby acted for Prudential and Warburg Pincus on their establishment of a Class E Bermuda reinsurer, Prismic Life.

Strengths

Provided by Chambers

We are impressed by the very thorough knowledge and diligent work of the partners, alongside their evident strong relationship with the regulators and other local service providers.

Insurance: Contentious respondent
Global

They have experience delivering solutions in the highly regulated insurance industry. The service levels and responsiveness are among their strongest features.

Insurance: Contentious respondent
Global

Notable Practitioners

Provided by Chambers

Brad Adderley
1
Brad Adderley
Head of Insurance
1
Band 1

Bermuda managing partner Brad Adderley demonstrates extensive experience in the insurance regulatory space and often assists clients with insurance company formation and licensing work. He has additional experience acting for insurers and reinsurers on corporate and financing transactions.

Brad understands the client's goals and what is possible in Bermuda under the current regulatory regime. He will also always immediately jump on a call when he knows something is urgent.

Brad is a leading expert on Bermuda Monetary Authority (BMA) regulations, particularly in regard to life insurance and ownership of life/annuity businesses by private equity firms.

Brad is very commercial and knowledgeable about Bermuda insurance matters.

Brad combines an excellent knowledge of the insurance space with a high degree of commerciality in his approach.

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Alan Bossin
2
Alan Bossin
2
Band 2

Alan Bossin is a very experienced insurance partner who advises on a range of significant work. Of late this has included several insurance-linked securities and fund-related matters.

Alan is a smart guy who has been around for a long time. He is good at building client rapport and is very experienced in the Bermuda market.

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John Wasty
John Wasty
Spotlight

John Wasty is global head of Appleby's insurance disputes team, combining this role with his responsibilities as Bermuda head of dispute resolution. His wide-ranging experience encompasses disputes relating to the liquidation of insurance companies and insurers' compliance obligations under the Economic Substance Act.

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Ranked Lawyers at
Appleby

Provided by Chambers
Filter by
Band

Bermuda

Insurance
Brad Adderley
1
Brad Adderley
Head of Insurance
1
Band 1
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Alan Bossin
2
Alan Bossin
2
Band 2
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Insurance: Contentious
John Wasty
John Wasty
Spotlight
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Members

Provided by Appleby

Amber Farrington

Brad Adderley

Brad Adderley

Head of Department

Gary Harris

Josephine Noddings

Matthew Carr

Melinda Mayne

Ojeda Smith