Fleming Reinsurance Ltd.’s Acquisition of Sinclair Insurance Company

Walkers acted as Bermuda counsel to Fleming Reinsurance Ltd. on the deal.

Sinclair has operated in Bermuda for 35 years and has provided workers’ compensation as well as general and products liability and commercial auto lines of business. Sinclair was used to provide reinsurance to the primary insurers of affiliated companies.

Fleming’s acquisition provides Sinclair’s shareholders with an absolute exit solution, allowing for operating expenses to be completely eliminated and capital to be released.

Acting alongside Sinclair’s advisors at Aon, the Walkers team was led by Bermuda partners Natalie Neto (Picture) and Peter Dunlop and supported by senior associate Rachel Nightingale.

Involved fees earner: Peter Dunlop – Walkers Global; Natalie Neto – Walkers Global; Rachel Nightingale – Walkers Global;

Law Firms: Walkers Global;

Clients: Fleming Reinsurance Ltd;

Author: Ambrogio Visconti.