Caribbean - Bermuda

Walkers

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The re/insurance and ILS team at Walkers is continually expanding its presence in the Bermuda market, actively collaborating on a wide spectrum of both contentious and non-contentious issues. Peter Dunlop, who possesses extensive knowledge of underwriting issues, insurance disputes, and regulatory affairs, co-leads the practice alongside Sarah Demerling, who specialises in the formation, licensing and regulatory compliance of insurance companies and intermediaries; she also excels in M&A and alternative risk financing transactions. Adding to the team’s expertise is Melanie Fullerton, who has valuable experience in BMA insurance applications, and Natalie Neto, who heads up the fintech division, plays a pivotal role in facilitating the establishment and licensing of entities in the insurtech sector.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Our experience with the Walker's team has been nothing but exceptionally positive. They are knowledgeable and has been very proactive and attentive at all times in our communications as well as the communications with our clients.’

  • ‘The Walkers team are knowledgeable and easy to work with. They are adept at navigating regulatory submissions and discussions which allows for a smooth application process.’

  • 'Peter Dunlop is always very responsive to requests. When meeting to discuss those requests, he always demonstrates an extremely strong knowledge of the subject matter at hand and has a strong commercial solution.'

  • ‘Melanie Fullerton and Sarah Demerling continue to be valued business partners in the formation of insurance companies in Bermuda, allowing for a smooth regulatory process.’

  • ‘Really excellent service and covers the technical insurance side very well.’

  • ‘Sarah Demerling is a great support on insurance transactions.'

  • ‘The team is well aware of the Bermuda licensing requirements and were instrumental in helping us get a license under a tight deadline.’

  • ‘The individuals at Walkers have very relevant experience around Bermuda regulatory requirements, with past employment at the BMA. The individuals were very responsive and provided assistance in an expedited manner.’

Key clients

  • Aquarian Holdings
  • Athene Holdings Ltd.
  • Credit Suisse Insurance Linked Strategies
  • Credit Suisse Life (Bermuda) Limited
  • Harley-Davidson
  • Inigo Lloyd's Syndicate 1301
  • Lancashire
  • McGill and Partners
  • Munich Re
  • Our Kettle Inc.
  • SCOR
  • Swiss Re
  • Yorkshire & Clydesdale Bank
  • Vantage

Work highlights

  • Represented the trustee of Yorkshire and Clydesdale Bank Pension Scheme in a longevity swap transaction with Pacific Life Re International Limited and Zurich Assurance Ltd to manage longevity risk in relation to c.£1.6bn of pensioner liabilities.
  • Represented BDT Capital Partners, LLC as it led the investment into Ferian Re, an independent Bermuda Class 3B reinsurer and subsidiary of Coalition.

Practice head

The lawyer(s) leading their teams.

Sarah Demerling, Peter Dunlop

Other key lawyers

Melanie Fullerton, Natalie Neto