Mayer Brown hires experienced reinsurance & ILS lawyer Jay Kallas

Global law firm Mayer Brown has hired Jay Kallas, a lawyer with experience in catastrophe bonds, collateralized reinsurance and other capital market-related areas of risk transfer, as counsel in its Global Insurance Industry Group and Corporate & Securities. Kallas was most recently with Drinker Biddle & Reath LLP, where he worked read the full article →

Winston & Strawn hires ILS experienced lawyer Angus Duncan

Angus Duncan, an insurance-linked securities (ILS) experienced lawyer, has joined the London office of Winston & Strawn LLP as a partner, bringing experience in catastrophe bonds, reinsurance sidecars and other ILS structures to the firm. Duncan was previously a partner at Cadwalader in the law firms Capital Markets Group, where he read the full article →

Dentons hires legal partner with ILS & cat bond experience

Global law firm Dentons has appointed new hire John J. Sarchio as a partner in the Insurance Regulatory practice. Sarchio has experience in insurance and reinsurance transactional law, including catastrophe bonds, sidecars and other ILS arrangements. Sarchio will advise Dentons clients on reinsurance transactions, including insurance-linked securities (ILS), as well as read the full article →

ILS & reinsurance lawyer Michael Skrbic joins Harneys in Bermuda

Harneys, a legal and fiduciary services firm with offices in twelve countries, has added an insurance-linked securities (ILS) and reinsurance experienced lawyer to its Bermuda team, hiring Michael Skribic to its ranks. Skribic has over 25 years of experience in reinsurance and banking law, having worked on ILS structures and transactions read the full article →

Winston & Strawn hires ILS experienced lawyer Andruschak

Experienced financial services attorney and former Mayer Brown partner, Keith Andruschak, has joined the Winston & Strawn Corporate Practice as a partner in New York, an appointment that will enhance the firm’s insurance-linked securities (ILS) and reinsurance capabilities. Andruschak brings more than 20 years of insurance industry advisory and complex transactional read the full article →

Appleby ILS services won’t be affected by fiduciary unit buyout

The insurance-linked securities (ILS) and reinsurance market legal, fiduciary and management services offered by Appleby Group will not change in the face of a private equity backed management buyout of its fiduciary unit. Appleby's fiduciary business, which includes offshore trust and fund administration services, are being bought out by management backed read the full article →

Clifford Chance adds cat bond expertise to structured finance team

Global law firm Clifford Chance has added a newly hired team to its structured finance practice, bringing with it a wealth of securitization experience including specific expertise in catastrophe bonds and insurance-linked securities (ILS). Clifford Chance is already well-known within the ILS and reinsurance space, as a global law firm with read the full article →

Cat bond issuers may have to pay Money Market Fund withholding tax

Insurance-linked securities (ILS) specialist law firm Sidley Austin LLP warns that issuers of catastrophe bonds could become subject to payment of withholding tax on U.S. Money Market Fund dividends after an exception ceases to apply. Catastrophe bond issuers, typically hold the proceeds of the sale of the notes in collateral accounts read the full article →

Re/insurance law firms Locke Lord and Edwards Wildman to merge

Two of the larger law firms with practices targeting the insurance, reinsurance and insurance-linked securities (ILS) markets have signed a letter of intent to merge to create a new, larger firm that would be named Locke Lord Edwards LLP. Law firm consolidation has been something that we typically expect to see read the full article →

Underhill joins Edwards Wildman as insurance, reinsurance, ILS partner

Insurance, reinsurance and insurance-linked securities (ILS) focused lawfirm Edwards Wildman Palmer LLP has announced the hire of Robert Underhill as a partner with ILS expertise joining the firm’s Insurance and Reinsurance practice in New York City. Underhill was previously with Fortress Investment Group, where in the role of Managing Director & read the full article →