Appleby and Bermuda collect awards in US
Legal firm Appleby has won a prestige award for offshore law firm of the year.
The US Captive Services Awards panel said: “Appleby is clearly committed to the offshore captive sector and demonstrates an ability to provide experienced legal advice to US-based owners of offshore risk financing structures.”
Timothy Faries, managing partner at Appleby Bermuda, added: “We are honoured to be recognised for this prestigious award for offshore law firm.
“Appleby is passionate about developing innovative solutions for our clients and the marketplace to solve their ever-changing needs.”
The award was presented at a ceremony in Vermont earlier this week. Bermuda was also recognised at the ceremony, picking up the award for offshore captive domicile.
The judges said: “The jurisdiction's ability to obtain Solvency II equivalence for its commercial sector while carving captives out a bifurcated approach means it will benefit from the increased expertise and substance that new commercial reinsurers and insurers will bring.”