Matthew Mason

Senior Counsel
Dispute Resolution / Restructuring & Insolvency

T: +1 (441) 294-0140

E: matthew.mason@aswlaw.com

Matthew has over 17 years' experience of commercial and corporate dispute resolution, with a focus on contentious (re)insurance matters. He is recommended by the major two international independent legal directories, with The Legal 500 rating him for "complex litigation, arbitration and insolvency proceedings" and Chambers & Partners noting he is "knowledgeable, practical and very experienced" and "is quick to understand client needs, very hard-working and responsive."

 

Matthew has been in Bermuda for six years, and in this time he has been instructed on many of Bermuda's most prominent matters:

 

  • PDV Insurance Company Ltd (Venezuela’s national oil and energy (re)insurance captive) - representing the company and progressing Bermuda Form (re)insurance claims and arbitrations under complex speciality, treaty and quota share policies, with claims including: major oil spills and incidents with substantial environmental claims, maritime claims, property damage and terrorism. Disputes subject to courts and arbitrations across the globe. Extensive international public law issues arising from US and international sanctions on Venezuela arising from its political crisis.

 

  • PB Life & Annuity Co Ltd (a Bermuda Class E (re)insurer)) - acting for the Bermuda Monetary Authority ("BMA") (Bermuda's financial and (re)insurance regulator) involving complex legal argument before the Bermuda Supreme Court (Commercial Division) on section 36 the Bermuda Insurance Act 1978 as to the definition of "insurance debt."

 

  • 777 Re Ltd. - regulatory dispute with the BMA following a statutory investigation as a result of scrutiny of investment activties, including, most notably, the propsoed acquisition of Everton Football Club - acting for prominent insurers in the United States reinsured through private equity co-funded / trust agreements. Meetings and negotiations with the BMA and the appointed investigator resulted in amicable recapture. 777 Re was a Bermuda-based reinsurer offering customised and innovative life and annuity reinsurance solutions.

 

  • Custodian Life Limited - appointed as counsel for the creditors' committee in a Court supervised provisional liquidation initiated by the Bermuda Monetary Authority (BMA) (Bermuda's financial and (re)insurance regulator) as a result of discrepancies identified after a statutory investigation. Custodian Life is a segregated accounts company and an innovative long-term insurer with a bespoke investment platform hosting digital assets and investments.

 

  • Markel CATCo companies (insurance linked securities (ILS) investment funds) - acting for MarkelCATCo companies in a successful, and novel, scheme of arranagement, involving a buy-out of ILS participants, with mutual releases and waivers, following losses suffered in the catastrophic risk reinsurance market in 2017 and 2018.

 

  • Northstar Financial Services (Bermuda) Ltd (a Bermuda Class C (re)insurer, and a segregated accounts company)) - representing Citigroup and Citibank entities' interests, as trustees of long term insurance products, in a court-appointed liquidation by the BMA, prompted by the criminal convictions of Mr Lindberg (the beneficial owner) for federal wire fraud and bribery in the United States.

 

  • Titan Petrochemicals Group Ltd - lead advocate on behalf of a creditor of the company before the Bermuda Court of Appeal, concerning the liquidation of a part Chinese state-owned oil, shipbuilding and commodities trading conglomerate.

 

  • The Brockman Trust – Bermuda counsel for the Trust, and associated funds, involved in the largest US tax fraud allegation against an individual in our history (US$ 2 billion).

 

Matthew is regularly called upon by ASW's Corporate Department to provide legal advice and assistance on regulatory and transactional corporate matters (most with a (re)insurance aspect) including: mergers and acquisitions, hostile takeovers and share rights plans, BMA / regulatory filings, potential restructurings and finance transactions.

 

Prior to Bermuda, Matthew worked for a year in the British Virgin Islands (BVI), where he advised financial insurers and stake holders involved in the Madoff investment scandal (the largest known Ponzi scheme in history, worth about US$ 64.8 million). He also assisted on a complex US$ 1 billion dispute concerning Russian energy and international commodities entities, with public international law issues extending to US and international sanctions, and an appeal to the UK Privy Council. He had conduct of advocacy in the BVI Commercial Court, and the Court of Appeal for the Eastern Caribbean Supreme Court.

 

Before moving offshore, Matthew practised as an independent Barrister in London, England, for 10 years, predominantly in contentious (re)insurance (including Bermuda Form), but extending to commercial and corporate disputes, international and offshore trade, finance, and corporate insolvency. Matthew had conduct of interlocutory, trial, and appellate advocacy before the High Court and the Court of Appeal (including pursuing out of hours / urgent injunctive relief).

 

Matthew is a New York Attorney and Counselor at Law, and he is a qualified and endorsed Fellow of the Chartered Institute of Arbitrators.

Reported Cases
  • The Resource Group International Ltd. v. Muhammad Ziaullah Chishti [2025] SC (Bda) 108 Civ. (24 October 2025)
  • In the matter of Argo Group International Holdings Inc. [2024] SC (Bda) 69 Civ (3 December 2024)
  • Titan Petrochemicals Group Limited v. Sino Charm International Limited and Ors [2023] CA (Bda) 5 Civ 2
  • In the matter of PB Life and Annuity Co. Ltd [2023] SC (Bda) 1 Civ. 12 January 2023
  • Titan Petrochemicals Group Limited v. Sino Charm International Limited and Ors [2022] CA (Bda) 13 Civ 9
  • In the matter of Markel CatCo Reinsurance Fund Limited & Ors [2022] SC (Bda) 12 Com (25 February 2022)
  • In the matter of Northstar Financial Services (Bermuda) Ltd [2021] SC (Bda) 68 Com
  • St John’s Trust Company (PVT) Limited v. Watlington and Ors [2021] SC (Bda) 62 Civ
  • Re the B Trust, Medlands (PTC) Ltd v. Attorney General et al [2021] SC (Bda) 41 Com