Brad Adderley

Brad Adderley is a partner in the Corporate & Commercial department and has been a member of the Insurance team for over fifteen years. Brad has a wide range of legal expertise and specialises in advising on insurance and reinsurance transactions, structuring segregated accounts transactions, private and public offerings, registrations on the NYSE, amalgamations of US corporations with Bermuda exempt companies, formation and structure of life companies and rent-a-captive companies.

In 2012 Brad was named as leading individual by Legal 500 for Insurance and Reinsurance. He was also recognized as a 'Leader in his Field' by Chambers Global 2012,  they also described him as 'attentive, responsive and enjoyable to work with' and that 'his dedication to insurance and reinsurance is acknowledged across the market'.

Brad graduated from the University of Wake Forest, North Carolina in 1994 with a Bachelor of Arts degree in Economics and a minor in French. He gained his Diploma of Law and passed the legal Practice Course in 1995 & 1996 at The College of Law in Guildford, England. Brad was called to the Bermuda Bar in January 1998.

Examples of recent clients and transactions on which Brad has worked include:

Finance Transactions/Investment

• Partner Re - $340m preference share offering (June 2011)
• Endurance Specialty Reinsurance Ltd. - $230m preference share offering (May 2011)
• Montpelier Reinsurance Ltd. – $150m preference share offering (May 2011)
• Ontario Teachers’ Pension Plan Board – investments in Merna II and III

M&A

• MetLife Inc. - $15.5b acquisition of American Life Insurance Company (April 2010)
• Marsh Inc. – acquisition of International Advisory Services Ltd., the largest independent manager of captive and third-party insurance companies in Bermuda (Sept 2009)
• Print Management Limited - purchase of Independent Management Limited, an insurance management company

Special Purpose Insurers/Fully Capitalized Insurance Transactions

• Queen Street V Re Ltd – Cedent: Munich Re – $75m of catastrophe bond notes exposed to U.S Hurricanes and  European windstorms (Feb 2012)
• Kizuna Re Ltd– Cedent: Tokio Marine – $160m of Japan typhoon risk cover (Aug 2011)
• Hoplon Insurance Ltd – Cedent: MyLotto24 – innovative transaction providing a lottery company with protection against lottery winnings (Sept 2011)

• Alternative Risk Financing
• Funds & Investment Services
• Insurance
• Public & Private Offerings of Debt & Equity