Walkers' insurance linked securities (ILS) team offers Bermuda, Cayman Islands, Guernsey and Irish law advice on a global basis on trading, financing and securitising risk involving Cayman Islands and Irish entities, including cash and synthetic catastrophe bonds, captive insurers, sidecars and life settlement transactions.

  • We understand the volatile nature of the insurance industry, and our team is dedicated to helping our clients receive the best return on their risk by providing high-quality, commercially rooted advice.
  • We act for many of the world's leading insurance and reinsurance companies.
  • We have advised on the vast majority of the cat bond transactions effected in Ireland to date.

Recent example matters include:

  • Acted as issuer counsel to a major European reinsurer on the placement of a US$190 million catastrophe bond deal through an Irish special purpose vehicle – this was the first SPV to be authorised by the Central Bank of Ireland following the implementation of the Solvency II regime under the European Union (Insurance and Reinsurance) Regulations 2015;
  • Acted as issuer counsel to a major European reinsurer on the placement of a US$60 million and €130 million catastrophe bond deal through an Irish special purpose reinsurance vehicle – this was the first SPRV to be approved by the Central Bank of Ireland since 2009;
  • Acted as issuer counsel to a major European reinsurer on a US$337 million catastrophe bond deal – this was the first deal of its type structured via an Irish company and the first catastrophe bond to list on the Global Exchange Market of the Irish Stock Exchange;

BERMUDA
Jonathan BettsPartnerT +1 441 242 1511jonathan.betts@walkersglobal.com
Sarah Demerling PartnerT +1 441 242 1525sarah.demerling@walkersglobal.com

CAYMAN ISLANDS
Philip PaschalidesPartnerT +1 345 814 4675philip.paschalides@walkersglobal.com

GUERNSEY
Kate StoreyPartnerT +44 (0) 1481 748 924kate.storey@walkersglobal.com

IRELAND
Garry FergusonManaging PartnerT +353 1 470 6659garry.ferguson@walkersglobal.com
Noeleen RuddyPartnerT +353 1 470 6650noeleen.ruddy@walkersglobal.com
Andrew TraynorPartnerT +353 1 470 6632andrew.traynor@walkersglobal.com

SINGAPORE
John RogersManaging PartnerT +65 6595 4673john.rogers@walkersglobal.com

EVENTS
ADVISORY