Press Release from Carey Olsen on Monday January 13, 2020:
Carey Olsen Bermuda has appointed Michael Frith in the firm's corporate practice.
Michael, who was formerly director of another global offshore law firm, is a well-known figure in the offshore legal marketplace. He specialises in all aspects of Bermuda corporate law, with a particular focus on insurance/reinsurance regulatory and transactional matters, as well as economic substance requirements.
Michael is a member of the Insurance Advisory Committee, advising the Bermuda Ministry of Finance on matters relating to the Bermuda insurance industry. He has also been a key adviser to the Registrar of Companies and Ministry of Finance in relation to the development and implementation of the Economic Substance Act 2018 and related Guidance Notes, and serves on the Economic Substance Task Force. He also serves as an independent director of a number of Bermuda incorporated companies, both in the insurance and non-insurance sectors.
Carey Olsen Bermuda managing partner Michael Hanson said: "We are delighted to have someone of Michael's calibre and experience joining the firm. He has a fabulous reputation both in Bermuda and internationally and his arrival is a very welcome addition to an extremely busy corporate practice."
Michael Frith said: "Carey Olsen has very quickly built an exceptionally talented team here in Bermuda, and I am thrilled to be a part of its continued growth in the jurisdiction. 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."
Carey Olsen Bermuda has grown rapidly since its launch at the end of 2017 and now employs more than 25 staff. Not only has the firm gained extensive praise in highly respected legal directories, including Chambers and Legal 500, but it was also named Bermuda's Best Employer for 2019 at the annual Royal Gazette Business Top Ten Employer Awards.
Carey Olsen Bermuda Limited is a limited liability company incorporated in Bermuda and approved and recognised under the Bermuda Bar (Professional Companies) Rules 2009. The use of the title "Partner" is merely to denote seniority. Services are provided on the basis of our current terms of business.