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Leading law firm Conyers Dill & Pearman (“Conyers”) has won a prestigious award for its work in the captive insurance space.
Conyers was named as the Offshore Law Firm in the 2014 US Captive Services Awards, organised by Captive Review and, at the same event, Bermuda was awarded the Offshore Captive Domicile.
David Doyle and Chris Garrod, Directors in Conyers’ Bermuda office, commented that: “From 2012 to 2013 we have seen a three-fold increase in US Captives in Bermuda generally and we continue to advise well over 50 per cent of the captive entities registered in Bermuda. This includes single parent captives, large group and association captives and segregated account companies across all major industries representing US captive owners in Bermuda. We are delighted that the work of our team in this field has been recognised.”
Further, as an internationally acclaimed financial centre, the Cayman Islands are known in particular for captive insurance, with expertise in healthcare captives and catastrophe bonds. Kevin Butler, Director and Head of the Cayman Islands office said: “These awards bring great distinction to our Firm and are a direct reflection of the tremendous commitment our team has in delivering first class service to clients”.
The award was open to law firms in offshore jurisdictions servicing US parented captives in the last 12 months. The award recognises contributions to the captive market through legal expertise and innovation, strategic vision, business winning and client care.
Earlier this year Conyers was also named Offshore Law Firm of the Year by Chambers & Partners, publisher of the world’s foremost guides to the legal profession.