Our Offshore Lawyers Worldwide Sao Paulo British Virgin Islands Cayman Islands Cyprus Vancouver Hong Kong London Montevideo Mauritius Singapore


Our insurance practice group provides highly responsive and cost effective advice with respect to a broad range of insurance-related entities and services.

Key Contacts

Adam Rhodes

British Virgin Islands

David Spyer

British Virgin Islands

Russell Willings

British Virgin Islands
"Clients praise the practice's
'sound and commercial
legal advice'."
Legal 500

Meet the team

Latest Deals

Harney Westwood & Riegels is advising Swiss Re and Slaughter and May on the Cayman Islands law aspects of an agreement with Pacific Century Group to invest up to US$425 million in FWD Group. Swiss Re’s investment consists of an initial... read more


The Cayman Islands Legislative Assembly recently passed an amendment to the Insurance Law (the "Amendment") permitting certain insurers formed as segregated portfolio companies ("SPCs") to register portfolio insurance companies... read more

Harneys' experienced professionals have expertise in a wide range of insurance matters including:

Harneys insurance management provides a full range of captive insurance management services, including risk management consultancy, risk financing consultancy, captive insurance feasibility studies and captive insurance formation and management. These services can be extended to companies, associations and individuals that are motivated to reap the benefits of increased risk retention.

Risk Management

We provide risk management consultancy for companies and individuals wishing to implement a new risk management programme or improve an existing one. In the case of a new programme, our consultancy will provide comprehensive analysis of the exposures, a review of techniques to mitigate these exposures, and recommendations on risk management programme design and implementation. Consultancies involving existing programmes will include a comprehensive review of the existing risk management approach, a comparison with other models in the same industry segment, prioritised recommendations for improvements and a thorough risk/benefit analysis.
Through our risk financing consultancy we assess recommended levels of retention based on a company’s risk and catastrophe exposures together with their available capital and corporate appetite for retaining risk. Our consultancy will include the creation of various exposure models, including a disaster model.

Captive Insurance

Through our captive insurance feasibility studies we help clients assess exposures, loss experience, current insurance cost and current risk transfer mechanisms, and advise on the feasibility of a captive insurance company or a segregated portfolio company. This includes a recommendation on the domicile most suitable for the captive.
Through our captive insurance formation service, we can prepare and submit an insurance application and business plan to the relevant insurance authority in the domicile selected. Our mission is to make the process involved in forming a captive as easy and inexpensive as possible but at the same time to ensure compliance with all of the regulations and requirements of the regulator.
Through our captive insurance management service we provide underwriting, claims, reinsurance recovery, accounting and secretarial services to captive insurance owners in the British Virgin Islands.

Broking Services

Harneys insurance broking services provide broking and consultancy advice on commercial insurance requirements and specialise in the marine and property sectors. We provide comprehensive personalised service from quotation to policy issue, plus claims support where relevant. We undertake only to recommend approved and licensed insurers with appropriate financial ratings.

Harneys is licenced and regulated by the British Virgin Islands Financial Services Commission.