移动选单
主页
Sophia Greaves profile photo

Sophia Greaves

董事 Director, Head of Bermuda Insurance & Reinsurance Practice

办事处
百慕大
司法管辖区
百慕大
联络方法

办公电话 +1 441 294 5929
邮箱 sophia.greaves@conyers.com

linkedin vCard View bio in English

荣誉认证

IFLR1000 2021Legal 500 Caribbean 2019

Sophia Greaves is a Director in the Bermuda Corporate practice and Head of the Bermuda Insurance & Reinsurance practice. Prior to joining the firm in 2010, Sophia qualified as an Associate in the Reinsurance and Commercial Risk department of Barlow Lyde & Gilbert LLP. During her time at Barlow Lyde & Gilbert, Sophia worked in both London and Hong Kong, where she acted in a broad range of (re)insurance commercial litigation proceedings.

Sophia’s practice at Conyers spans a number of specialisations, with particular emphasis on securitisations, mergers and acquisitions, banking regulation and (re)insurance transactions, including the formation, licensing and ongoing regulatory requirements for Bermuda captives, special purpose insurers in the insurance-linked securities sector and commercial (re)insurers.

Sophia also has an active general corporate practice, including advising on the Bermuda regulatory aspects of transactions for both local and exempted companies.

Sophia is instructed by a number of public companies, banks, (re)insurers and other leading financial institutions.

  • Advised Sagicor Financial Corporation Limited (“SFCL”) and Alignvest Acquisition II Corporation (“AQY”) completed a business combination transaction involving the transfer of all issued and outstanding shares in SFCL to AQY in exchange for shareholders of SFCL receiving cash or shares of AQY.
  • Advised Dai-ichi Life on the formation of Dai-ichi Life Reinsurance Bermuda Ltd. and its licensing as a Class C insurer in Bermuda.
  • Advised Canada Life International Reinsurance Limited on its continuation from Barbados to Bermuda.
  • Provided Bermuda law advice and assistance to Textainer Group Holdings Limited (“Textainer”) (NYSE: TGH; JSE: TXT) on its definitive agreement to be acquired by US infrastructure investment firm Stonepeak. Under the terms of the definitive agreement, which was unanimously approved by Textainer’s Board of Directors, Textainer common shareholders will receive $50.00 per share in cash, with the total value of the common shares equalling approximately US$2.1 billion.
  • Acted as special Bermuda counsel to Somerset Reinsurance Ltd. (Somerset Re) in connection with Somerset Re’s agreement to reinsure approximately US$12.5 billion of reserves backing Prudential Financial Inc’s guaranteed universal life policies issued by Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey. This transaction, covering policies written prior to 2015, was significant given it represented approximately one-third of Prudential’s total guaranteed universal life statutory reserves.
  • Advised Principal Financial Group Inc. (“Principal”) on the establishment and licensing of its wholly-owned subsidiary, Principal Financial Services (Bermuda) Ltd. as a Class C insurer to reinsure certain risks of its US affiliate, Principal Life Insurance Company.
  • Advised Somerset on its business combination with Aquarian Holdings LLC (“Aquarian”). Aquarian acquired a controlling interest in Somerset by way of a reverse triangular merger. The transaction comprised of a Bermuda subsidiary of Aquarian merging with and into Somerset with Somerset surviving the merger as the surviving entity.
  • Advised Africa Specialty Risks (“ASR”), pan-African focused reinsurance group, on the formation of ASR Re Limited and as well as its licencing as a Class 3A insurer in Bermuda.
  • Advised Mosaic Insurance Group (“Mosaic”) on the Bermuda law aspects of the purchase by Mosaic of the Lloyd’s managing agency of SiriusPoint and the related investment by SiriusPoint in Mosaic. Under the deal, Mosaic will acquire SiriusPoint’s wholly-owned subsidiary Sirius International Managing Agency (SIMA), along with employees, as part of a larger strategic partnership. The managing agency will continue to support SiriusPoint’s Syndicate 1945 at Lloyd’s. Additionally, SiriusPoint will become a strategic investor in Mosaic.

Professional Background

  • Associate, Reinsurance and Commercial Risk, Barlow Lyde & Gilbert LLP (London and Hong Kong)

Education

  • London School of Economics, MSc Politics & Communications (Merit), 2006
  • College of Law, London, Legal Practice Course (Commendation), 2005
  • King’s College London, LLB (Hons), 2004

Bar Admissions

  • Bermuda, Attorney-at-Law, 2007
  • England & Wales, Solicitor, 2009 (not currently practising)

Awards & Accolades

  • Recognised in the 2022 edition of Chambers and Partners
  • Recognised in the 2021 edition (and since 2016) of IFLR1000 (financial and corporate)
  • Recognised in the 2020 edition (and since 2018) of Legal 500 Caribbean (banking, finance and capital markets)
  • Recognised in the 2020 edition (and since 2017) of Legal 500 Caribbean (corporate and commercial, insurance/reinsurance)

Associations

  • Bermuda Bar Association
  • Member of the Board of Directors of the Bermuda Tourism Authority
  • Justice of Peace

执业领域

其他服务
企业并购
企业服务
保险与再保险
资本市场
银行与金融

新闻及专业见解

交易案例展示