Carey Olsen is the first port of call for several clients looking to carry out longevity risk swaps and is also well versed in overseeing mergers of regulated insurance businesses, while also providing advice on day-to-day regulatory challenges affecting insurers and brokers. Practice head Christopher Anderson is sought after by insurers and reinsurers looking to conduct risk swap transactions and is also well versed in Guernsey PCC structures. Natasha Kapp advises on the intricacies of policy wording and the interpretation of key clauses, and is also able to assist with regulatory challenges.
Insurance in Guernsey
Carey Olsen
Praxisleiter:
Christopher Anderson
Weitere Kernanwälte:
Natasha Kapp
Kernmandanten
Marco Capital Holdings
Fission Gamma IC Limited
DARAG
GBG Insurance
SRS Insurance Manager
Leamington
Momentum Metropolitan Life
White Rock Guernsey
Willis Group
Highlight-Mandate
- Advised Marco Capital Holdings Limited and Humboldt Re Limited on the acquisition of Kelvin Re Limited.
- Advised Fission Gamma IC Limited as part of MMC UK Pension Fund’s first longevity swap transaction.
- Advised Strategic Risk Solutions on its acquisition of Robus Group from The Ardonagh Group.
Mourant
Mourant acts for both existing players and new entrants to the Guernsey insurance market, supporting clients looking to launch insurance businesses in the jurisdiction and providing advice regarding regulatory compliance and transactions in the insurance sector. Non-contentious matters are the domain of John Lewis and Helen Wyatt, with the former specialising in pensions-related insurance matters in addition to insurance M&A and the latter acting for both standalone and captive insurers in relation to regulatory matters. Andrew Grant assists insurers, reinsurers and brokers with transactional matters and regulatory issues. Gordon Dawes takes charge of insurance disputes, with a broad practice that spans professional indemnity and D&O coverage claims, in addition to regulatory enforcement matters; Chantal Barrett provides further PII and D&O expertise.
Praxisleiter:
John Lewis; Helen Wyatt; Gordon Dawes
Weitere Kernanwälte:
Chantal Barrett; Andrew Grant
Referenzen
‘Mourant has a world-class reputation and is generally considered to be a safe and easy choice on any transaction with a Guernsey dynamic, but the standout reason for instructing them on this occasion was their sector-specific knowledge and experience with Guernsey-domiciled reinsurance businesses.’
‘Helen is a world class lawyer and very easy to work with. We were particularly impressed with Helen’s ability to quickly offer commercially acceptable solutions to complex problems.’
‘Andrew Grant is a senior associate operating at a partner level, and really impressed both us and the legal, tax and M&A teams at our end client, whilst orchestrating a complex internal restructuring prior to completion of the transaction.’
Kernmandanten
Hiscox UK Limited
Phoenix Life Assurance Limited/Standard Life Assurance Limited/Phoenix Life Limited
Enstar Group
Ara Partners
TD Bank
Howden
Försäkringsaktiebolaget Agria
Highlight-Mandate
- Advised Ara Partners on its investment into Paratus Holdings Limited, a Guernsey-licensed insurer providing parametric energy and freight price insurance.
- Advised Swedish insurer Agria and UK managing general agent API on regulatory requirements and documenting its broker arrangements relating to the marketing of insurance products into Guernsey.
- Advised all parties in relation to the transfer of all long-term insurance business of Phoenix Life Assurance Limited and Standard Life Assurance Limited to Phoenix Life Limited.
Ogier
Ogier is noted for its work on pension longevity risk swaps and its expertise in the captive insurance market, while working with the firm’s dispute resolution teams on contentious matters around PII and D&O coverage. The group additionally covers regulatory proceedings. Richard Sharp leads the department, handling the spectrum of insurance and reinsurance challenges, including risk swaps, ILS transactions and cellular structures. Michelle Watson Bunn and James Walsh advise insurers in relation to M&A transactions, while Gabrielle Payne assists with the establishment of insurance vehicles and transactional matters.
Praxisleiter:
Richard Sharp
Weitere Kernanwälte:
Michelle Watson Bunn; James Walsh; Gabrielle Payne
Referenzen
‘Very knowledgeable, good to work with.’
‘I have worked with Richard Sharp on a number of items over the years and have always been impressed by his efficiency and ability to turn things around quickly and to a high standard.’
‘Provided timely, commercial advice.’
Kernmandanten
Munich Re No
The Ardonagh Group
International Federation of Red Cross and Red Crescent Societies
RGA UK Services
Artex/Hexagon PCC
Strategic Risk Solutions/Opportuna PCC
Aon/White Rock PCC/White Rock ICC
Robus
Stubben Edge Group
Schroders/Secquaero ICC
Falcon Insurance PCC
Agile Risk
Highlight-Mandate
- Advised Munich Re on Project Vibranium, a $2bn pension longevity swap in relation to March McLennan’s pension longevity risks.
- Advised The Ardonagh Group in relation to its acquisition of the Robus Group.
- Advised the Red Cross on the novel use of a Guernsey insurance vehicle for a risk transfer mechanism, which will transform the organisation’s approach to disaster response.
Walkers
Walkers handles a range of contentious and regulatory matters for its insurance sector clients and is also tasked with assisting clients looking to set up specialist vehicles, including captives and cell companies, in Guernsey. Jessica Robinson has overseen a number of transactions in the insurance sector, and is also able to assist with the restructuring of existing insurance businesses. Sarah Brehaut is the key contact for clients facing regulatory proceedings, while Adam Cole acts for insurers, policyholders and intermediaries in disputes concerning professional indemnity and D&O coverage.
Praxisleiter:
Jessica Robinson
Weitere Kernanwälte:
Sarah Brehaut; Adam Cole
Referenzen
‘Great experience of the local market and the nuances of the regulatory regime compared to, say, the UK.’
‘They are very much involved in industry consultations, so act in the interests of industry as a whole, as well as ensuring they understand the developing legal framework.’
‘Walkers is a firm that combines business practicality with a strong understanding of the law and the willingness to listen to the client’s needs for solutions.’
Kernmandanten
EEA Life Settlements Fund PCC Limited
Astaara Company Limited
Lloyds Bank International, Guernsey
Richardson International
Timothy Le Cornu KRyS Global
Ortac Underwriting Agency
Highlight-Mandate
- Represented Richardson International in its acquisition of Anglia Maltings and providing advice regarding Anglia’s captive Guernsey insurance subsidiary.
- Advised EEA Life Settlements Fund PCC Limited on a transaction involving collapsing 28 cells into two and seeking approval from the client’s shareholders.
- Advised KRyS Global as joint voluntary liquidator of JNA Limited in relation to its winding up and claims against the company pertaining to its global insurance business.