Carey Olsen hires re/insurance specialist

Carey Olsen Bermuda has hired Michael Frith to join its corporate practice.

Frith specialises in all aspects of Bermuda corporate law, with a particular focus on re/insurance regulatory and transactional matters and economic substance requirements.

He is a member of the insurance advisory committee that advises the Bermuda Ministry of Finance on matters relating to the Bermuda insurance industry and has advised the Registrar of Companies and Ministry of Finance in relation to the Economic Substance Act 2018 and related guidance notes.

He also serves on the Economic Substance Task Force and serves as an independent director for various Bermudaian insurance and non-insurance companies.

Carey Olsen opened its Bermuda office in late 2017 and now employs more than 25 staff. Frith praised the speed of the company’s growth, and the quality of the team it has put together in Bermuda. "I am very much looking forward to the challenge of helping to expand the high level of client service for which the firm has become known,” he said.