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Charles G.R. Collis

Director, Head of Bermuda Insurance Practice

BERMUDA  +1 441 299 4918

Charles G.R. Collis

      

Charles Collis is a Director in the Corporate department in the Bermuda office of Conyers Dill & Pearman and is Head of the Bermuda Insurance Practice. Charles joined Conyers in 1990 and became a partner in 1998. Charles has just completed his four year secondment as Head of the London Office and has returned to Bermuda to focus on his busy insurance practice.

Charles specialises in insurance and reinsurance, advising on corporate and regulatory matters. Charles has advised on the establishment of numerous captive insurance companies, as well as commercial reinsurance companies. The convergence of the insurance markets and capital markets has led Charles to specialise in insurance linked securities. He has conducted a significant number of insurance securitisations and transformation transactions using special purpose vehicles, traditional reinsurance companies and segregated account companies.

Experience Highlights

  • Acted as Bermuda deal counsel in the sale of the Arden group’s Lloyd’s underwriting platform, Atrium Underwriting Group Ltd., and their Bermuda reinsurance operations, Arden Reinsurance Company Ltd., to the Enstar group. Also acted for Enstar in establishing the joint venture vehicle used to effect the acquisition with its joint venture partners.
  • Acted as Bermuda Counsel to Fairfax Financial Holdings Limited in the acquisition of Bermuda incorporated, NYSE listed American Safety Insurance Holdings, Ltd. through a Bermuda incorporated merger company, followed by the sale of various Bermuda subsidiaries to a third party.
  • Advised on the formation, licensing and listing on the Bermuda Stock Exchange of a new cat bond special purpose insurer vehicle sponsored by Zurich Insurance Co. Ltd. and Zurich American Insurance (as cedants) and arranged by Munich Re Capital Markets and Swiss Re Capital Markets. Instructions also involved the formation of a Bermuda purpose trust as the shareholder of Lakeside and matters related thereto.
  • Advised on the establishment of VenTerra Re Ltd., established as a Special Purpose Insurer for the purpose of facilitating a program of "cat bond" transactions with QBE Insurance Group Limited and its affiliates. Notes in the amount of USD$250 million were listed on the BSX. VenTerra Re was notable for being the first cat bond to cover Australian catastrophe risk.
  • Advised on the formation of Third Point Reinsurance Company Ltd. (“Third Point Re” or the “Company”), a Bermuda based, specialty property and casualty reinsurer. Since its inception, the Group has raised over $785 million in capital. The establishment of the Bermuda-domiciled Group is a strong indicator of the market’s continued confidence in Bermuda as a world-class insurance jurisdiction.

Education

  • University College, London UK, LLB, 1988
  • University of Toronto, B.A. (Hons), 1984

Bar Admissions

  • British Virgin Islands, 2011
  • Bermuda, 1991
  • England & Wales, Barrister, 1989 (not currently practising)

02 May 2017
Conyers advises Oaktown Re Ltd. on its first securitization of mortgage insurance portfolio risks

02 May 2017
Conyers advises Integrity Re Ltd. on the launch of its US$210 million Note Program

14 Apr 2017
Conyers advises Pelican IV Re Ltd. on the launch of its US$100 million Note Program

15 Dec 2016
Conyers advises Enstar Group Limited on the establishment and capitalization of KaylaRe Holdings Ltd.

14 Dec 2016
Conyers advises Athene Holding Ltd on its US$1.1 billion IPO

14 Mar 2016
Conyers advises Akibare Re Ltd. on its US$200 million notes offering

10 Mar 2016
Conyers advises Manatee Re Ltd. on its US$95 million notes offering

21 Dec 2015
Conyers advises Eden Re II Ltd. on a US$360 million notes offering

09 Nov 2015
Conyers advises Kilimanjaro Re Ltd. on its $US6.25 Million Notes Issuance

17 Aug 2015
Conyers advises Bellemeade Re Ltd. on the completion of its US$298 million securitization of mortgage insurance portfolio risks

16 Aug 2015
Conyers advises Kilimanjaro Re Ltd. on its US$300 million notes offering

30 Jun 2015
Conyers advises Panda Re Ltd. on the issuance of US$50 million Series 2015-1 Class A Principal At-Risk Variable Rate Notes

23 Jun 2015
Conyers Advises on the formation and licensing of ABR Re

07 Nov 2013
Conyers advises Lancashire Holdings Limited on a placing to raise approximately £131 million

26 Jul 2013
Conyers advises on Randall & Quilter Group’s corporate restructuring by way of scheme of arrangement

30 Nov 2012
Conyers advises Validus Holdings, Ltd. on its acquisition of Flagstone Reinsurance Holdings S.A.

18 Nov 2010
Conyers advises on Bermuda redomiciliation from Luxembourg - November 2010

  • Recognised in the 2018 edition (and 2011) of Legal 500 Caribbean (insurance)
  • Recognised in the 2017 edition of Legal 500 Caribbean (corporate and commercial)
  • Recognised in the 2017 edition of Chambers Global (insurance)
  • Recognised in the 2016 edition (and since 2011) of Chambers Global (corporate and insurance)
  • Recognised in the 2016 edition (and since 2013) of Legal 500 (offshore law)
  • Recognised in the 2015 edition of Legal Media Groups' Expert Guides (insurance and reinsurance)
  • Former Director, Bermuda Monetary Authority
  • Member, Insurance Advisory Committee