Bayard has a long history of advising insurance companies and the regulators responsible for their supervision. Bayard’s attorneys are experienced in working with the insurance industry, both as legal counsel and as business advisors. They share with insurers, reinsurers and regulators, the benefit of their in-depth knowledge of Delaware statutes relating to insurance regulation and Delaware laws governing the formation and management of Delaware entities.

Bayard’s attorneys often serve as hearing officers, appointed by the Insurance Commissioner of the State of Delaware, or as counsel to the hearing officers. Bayard attorneys have represented the Commissioner as a receiver in an insurance insolvency proceeding in the Chancery Court of the State of Delaware and the Delaware Department of Insurance, as well as insurance companies, on licensing, ownership and control issues, both in the traditional insurance area and the evolving captive insurance field.

Bayard is a founding member of the Delaware Captive Insurance Association (“DCIA”) and Bayard’s attorneys serve on the DCIA board of directors. In the captive insurance field, Bayard comprehensive provides legal services, combining the skills and experience of its insurance, transaction and tax attorneys with those of the client’s other advisors.

Bayard’s involvement in Delaware insurance law is neither new nor academic. Two former and one current Bayard attorneys have been elected or appointed to posts within the Delaware Department of Insurance, one as Insurance Commissioner and two as Deputy Insurance Commissioners.