Stephen is Managing Partner of Carter Perry Bailey. On qualifying in 1980, he joined a leading London insurance law firm, practicing primarily in professional indemnity and public liability defence and coverage. After that he worked in-house at a leading run-off management company, during which time his focus expanded to include the reinsurance market, in which he has been closely involved ever since, and other classes of insurance, broking and agency. As a partner in Charles Russell, he headed its insurance and reinsurance practice until, in 2009, with other members of that team, he set up Carter Perry Bailey. At that time he also became a non-executive director of Community Reinsurance Corporation.
Litigation and Arbitration
Stephen represents UK and international clientele in insurance and reinsurance litigation and arbitration. This has ranged from defence and coverage issues in London courts and arbitration to co-ordinating the representation of, and advice to, parties in overseas disputes with multi-jurisdictional facets. His practice has encompassed a wide range of insurance, reinsurance, insurance broking and agency issues, both in the live and run-off markets. He has acted in ad hoc arbitrations and arbitrations under ARIAS (UK), ICC, LCIA, City Disputes Panel and KAC Rules, in London and overseas. Stephen is qualified as a member of the Chartered Institute of Arbitrators through its international arbitration module. He is also an ARIAS (UK) accredited arbitrator and has been instructed in overseas proceedings as an expert witness on English reinsurance law.
In 2018, Stephen was inducted into Legal 500’s “Hall of Fame” for his insurance and reinsurance litigation work.
Stephen has also conducted international commercial litigation and arbitration.
Commercial and Regulatory
Stephen advises on the drafting of insurance policy and reinsurance contract wordings (traditional, parametric and ILS backed) and agency contracts. In the run-off market, he has advised on run-off management and reinsurance issues including Loss Portfolio Transfers, Schemes of Arrangement, Part VII transfers, commutations and management agreements. He advises on insurance regulatory issues concerning UK business and establishment. He has also advised an overseas government on the drafting of its External Insurance Act and on the structures and legislation that would be involved in creating an arbitration centre.
He is a regular speaker and contributor of articles on insurance, reinsurance and arbitration issues.