Henry Dean
Henry Dean is a corporate associate and a member of the firm’s Insurance and Financial Institutions Groups. His practice focuses on a broad range of financial services and products, with a particular focus on insurance, derivatives and risk transfer transactions. Mr. Dean acts for (re)insurers on a variety of insurance and reinsurance transactions including bulk annuities, longevity products, financial collateral structures and business transfers. He also advises on a range of regulatory and company law.
Mr. Dean joined Debevoise in 2026. He graduated from the University of Sussex in 2007 and completed the GDL at the College of Law and the LPC at BPP University Law School.
Mr. Dean was admitted as a solicitor of the Senior Courts of England & Wales in 2016
Practice Area
Panel
- Contributing Author
Experience
- Eversheds Sutherland (2014 - 2025)
Education
- University of Sussex (2007)
1 Contributions by Henry Dean
PRACTICE NOTES
Captive insurance: structures, legal and capital considerations, protected cell options, and the evolving UK captives regime
What is a captive?
Captive insurance is a self-insurance approach. A captive insurance company, put simply, is an insurer or reinsurer owned by the ultimate policyholder (or reinsurance policyholder) whose exposures it covers. As a regulated (re)insurer in its home jurisdiction, a captive can accept risks like any other market participant; however, its defining feature is that it writes risks arising solely or largely from its corporate owner or within its wider group. HM Treasury notes that, in 2021, there were about 7000 captives worldwide, with premiums of roughly US$69bn.
Captive arrangements span the spectrum from straightforward to highly intricate.
The most basic model is a single company owning a single captive to which it insures its risks.
More layered designs may see risks ceded to a fronting insurer (typically an independent third party) and then reinsured back to the captive.
Alternatively, the captive may reinsure some or all exposures to external reinsurers.
Organisations usually deploy captive structures to satisfy commercial needs that the conventional insurance market cannot readily meet...
Insurance & Reinsurance
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