Our Response to the COVID-19 Pandemic

Walkers continues to monitor the impact of the COVID-19 pandemic on its people, its clients and its business.

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Walkers is a leading international law firm. We advise on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey.
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RacialEquality

Statement on Racial Equality

We at Walkers strongly condemn racism, systemic bias and discrimination. We are horrified by the tragic killings of black men and women, and acknowledge that these events are painful for many. We stand with the black community and all others who are victims of racial injustice.

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Bermuda: A Regulatory Update and Fund Structure Primer

Bermuda has a long and rich history as a financial center, supporting both the asset management and insurance industries. 

In this article written for the AIMA Journal, Sarah Demerling, Walkers Partner and Chair of AIMA Bermuda ExCo, reviews the investment management and fund framework supported by the Bermuda economy. 

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Insurtech Will Reshape Risk Industry

Bermudian partners Natalie Neto and Peter Dunlop have been interviewed by Bermuda:Re+ILS on how insurtech will continue to transform the risk transfer industry. 

To properly understand just how much insurtech is shaping the Bermudian reinsurance landscape, it is important to consider the extent to which the industry has changed in the past 25 years, says Peter Dunlop, partner in the re/insurance practice at Walkers. He says that several key things have changed in that time...

 

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Originally published by Bermuda:Re+ILS on 27 April 2020

Ireland Update - Covid-19: Central Bank of Ireland launches COVID-19 hub

On 2 April 2020, the Central Bank of Ireland (the "Central Bank") launched a COVID-19 hub. This webpage provides responses to general COVID-19 FAQs such as the Central Bank's response to the pandemic together with: 

  1. specific FAQs for regulated firms, SMEs and consumers;
  2. links to relevant statements from the Central Bank and other supervisory authorities such as ESMA, ECB, EBA, EIOPA and FATF; and
  3. links to other relevant websites including the Banking and Payments Federation Ireland, Competition and Consumer Protection Commission, Financial Services and Pensions Ombudsman and Insurance Ireland's COVID-19 Hub.

The content of the webpage will be updated as additional information becomes available.

 

Walkers contributes six chapters to Chambers FinTech Practice Guide 2020

Walkers has provided six chapters to Chambers and Partners FinTech Practice Guide 2020.

The guides provide expert legal commentary on key issues and covers the important developments in the most significant jurisdictions. Each chapter provides information about market sectors, regulatory regimes, fund administrators, blockchain technology and key factors influencing FinTech activity in each of our six juridsctions.

For more information on each chapter, see below:

COVID-19: What Are the Likely Effects on the Bermuda Re/insurance Market?

We live in truly unprecedented times. As the spread of the COVID-19 virus continues, so does the contagion of the virus’ effects on the global economy. Many businesses, large and small, have been forced to shut their doors, unable to continue operations in these days of self-isolation and social distancing. Many will never re-open, despite historic, multi trillion-dollar COVID-19 disaster funding packages in the US, UK and elsewhere. Aside from the human cost of the pandemic, the pervasive reach of the harmful economic effects is almost unimaginable. Recessions will follow across the globe. Very few will be spared some pain.

This article examines the economic effects of the pandemic on the Bermuda re/insurance industry.

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