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Clifford Chance’s team provides ‘an excellent service’, advising clients on the full array of issues including M&A transactions, financings, capital raisings and regulatory matters. The firm’s client roster includes property and casualty insurers and reinsurers, participants in the Lloyd’s market, offshore captives and insurance and reinsurance brokers, among others, and the team has a strong reputation across both domestic and international insurance markets. Recent highlights included acting for Pension Insurance on its £250m equity capital raise and advising Enstar on the reinsurance of a Lloyd’s syndicate managed by StarStone Underwriting, which covered approximately £120m worth of liabilities. Practice head Katherine Coates is a well-regarded figure in the market and advises on all aspects of commercial work, including M&A transactions, joint ventures and product strategy issues. Other leading practitioners include Hilary Evenett, who acts primarily for financial institutions, asset managers and life and non-life insurers; Ashley Prebble, who specialises in IPO’s, Part VII transfers and regulatory matters; and Narind Singh, whose key clients include Legal & General, Swiss Re and Abbey Life.

The ‘excellent, responsive and pragmatic’ team at Clyde & Co LLP has ‘a good level of strength across the department’ and is praised for its ‘expert knowledge of the insurance industry’. In addition to handling a vast array of corporate and M&A work, the firm has been notably active in advising on new business structures and arrangements put in place as a result of the challenging market environment. Recent work included advising QBE on the high-value sale of its UK legacy employers’ liability portfolios and advising on the reinsurance of its Spanish and Italian medical malpractice books, and assisting Mexican reinsurer Pena Verde with the expansion of its underwriting footprint and its establishment within the Lloyds market. The group also advised home insurance broker Avantia on its delegated authority agreement with AXA, an arrangement aimed at allowing more customers to obtain affordable home insurance. Key individuals include Mark Williamson, ‘an accessible and pragmatic lawyer’ who focuses on IT, product distribution, data protection and outsourcing; the ‘sharp and business-focused’ Gary Thorpe, who advises on the full gamut of corporate and transactional issues; and Stephen Browning, who has significant startup and reorganisation expertise. Andrew Holderness and Ivor Edwards are the practice co-heads.

The ‘highly responsive and commercial’ practice at Hogan Lovells International LLP advises a mix of insurers, reinsurers, intermediaries and corporate policyholders on all aspects of UK-based insurance and reinsurance, and the team has a strong track record in high-profile M&A transactions, joint ventures and business transfers under Part VII. In a recent highlight, the team advised Ascot on its $1.1bn sale by AIG to the Canadian Pension Plan Investment Board, one of the largest deals done within the Lloyds market this past year. The group also advised on a number of Part VII transfers, key among these being its work for Prudential on the transfer of its retirement income business to the Prudential Assurance Company, and its assistance to Sompo Japan Nipponkoa Insurance with the transfer of a portfolio of reinsurance businesses to Berkshire Hathaway, a cross-border transaction valued at $54m. The practice is headed by Charles Rix, who is noted for his expertise in various digital projects including IT procurement, outsourcing, cyber security and digital payments. Other key figures include Steven McEwan, who specialises in matters involving regulatory capital and the Lloyd’s insurance market, and Tim Goggin, who focuses on non-life corporate and regulatory work.

Linklaters LLP has significant expertise in M&A transactions, reinsurance, portfolio transfers and insurance business restructurings, and the ‘strong’ regulatory practice advises on the full range of issues including Solvency II regulation, clearance control changes, compliance and enforcement. Recent highlights included advising AXA on Project Wolf, which involved the sale of its UK Life & Savings businesses via three disposals to Phoenix Group, Standard Life and Life Company Consolidation Group, and acting for the Vickers Pension Trustees on a £1.1bn pension scheme buyout with Legal & General Assurance Society. The team is also advising Swiss Re on its acquisition of Guardian Financial from Cinven, and assisting AXA France with the reinsurance of its £1.3bn longevity risk. Practice lead Victoria Sander advises on the full gamut of corporate insurance work, and Duncan Barber and Dan Schuster-Woldan are also names to note.

Norton Rose Fulbright has ‘a well-established insurance and M&A practice which is capable of handling very complex transactions with a commercial approach’, and the team ‘provides detailed expertise as required, seamlessly cooperating with its cross-border offices to advise on different areas of the law in multiple jurisdictions’. The practice is known for its role in various big-ticket deals, and has significant expertise in financial lines, class actions, technology-related matters and the marine, energy and aviation sectors. Notable work included acting for AXA on the establishment of a new venture with Chaucer Syndicates aimed at underwriting specialty insurance risks in Africa, political risks, energy and infrastructure being key among these, and advising Towergate Insurance on the £41m sale of the Broker Network and Countrywide Insurance Management to Highbridge Principal Strategies. James Bateson heads the practice, which also include corporate finance expert Maria Ross, Lloyds market specialist Bob Haken and David Whear, who has significant expertise in regulatory insurance law. Other significant clients include Prudential, Cardif Pinnacle and XL Catlin.

Slaughter and May is active in the transactional and regulatory insurance space, and has had a notable focus on Solvency II-related advice over the last year. Highlights have included advising Aviva on the re-risking of the RAC Pension Scheme by way of a £600m longevity swap transaction, thus reinsuring the longevity risk of approximately 10k customers; acting for Royal Philips on the de-risking of its Philips UK Pension Fund via a £2.4bn transaction with Pension Insurance Corporation; and advising China Re on the global offering and listing of its shares on the Hong Kong Stock Exchange. Oliver Wareham heads the insurance group and has a vast range of expertise, advising on regulatory matters, portfolio transfers and capital management techniques. Jonathan Marks is particularly strong in the pensions space and has been involved in a number of re-risking transactions, and Craig Cleaver’s key clients include Standard Life, Old Mutual and Allianz.

The ‘excellent’ team at Ashurst is headed by Adam Levitt, who advises on M&A transactions, restructurings, capital raisings and portfolio transfers under the Financial Services and Markets Act 2000. Other key practitioners include David Page, who specialises in the financial services and general insurance space, and James Perry, who advises on corporate governance and regulatory capital issues. Highlights for the group included advising Chesnara on its firm placing and open offer with respect to the €160m acquisition of Legal & General Nederland, and acting for Hannover Re in its reinsurance of longevity risks by way of three separate agreements with Rothesay Life. Other active clients include Aviva, Pacific Life Re and Delta Lloyd.

CMS’ ‘outstanding’ team has ‘a deep understanding of the market, the transactional parties and the relevant issues in each matter’, and ‘its collegial approach and straightforward negotiating style allows difficult issues to be resolved in a straightforward manner’. The lawyers are ‘experts in the field of pensions and longevity transactions, and there is a strong depth of knowledge within the team rather than a reliance on one key individual’. Highlights included advising the Trustees of Manweb Group on a £1bn longevity insurance arrangement with Abbey Life Assurance Company, the first arrangement entered into by a pensions provider in the Electricity Supply Pension Scheme; acting for Zurich Assurance in four separate longevity transactions with the Trustees of various UK pension schemes; and advising Standard Life on its acquisition of AXA Portfolio Services, a matter involving intellectual property, data protection, employment and real estate issues. James Parker and Mike Munro co-head the practice; Munro is ‘an expert in his field’ and is ‘extremely helpful in giving the client real commercial insight’. Senior associate Jenny Nanalal is also a name to note, and ‘can understand very intricate technical issues while working tirelessly to get the deal over the line in a mutually beneficial way’.

Debevoise & Plimpton LLP represents a range of UK, US and EU-based insurers and reinsurers as well as other participants in the insurance sector, private equity clients and financial insurers being among these. The team also acts for new market participants, advising on their formulation and capitalisation, and utilises its strong regulatory practice to assist new and established entities with licensing, Brexit and Solvency II issues. In a recent highlight, the group advised Canada Pension Plan Investment Board on its $1.1bn acquisition of Ascot, the Lloyd’s platform of AIG. Other work included representing AIG in its strategic partnership with Fairfax, a matter involving the sale of its local insurance operations across multiple jurisdictions worldwide, and advising property and casualty insurer AmTrust Financial Services on its $219m acquisition of ANV Holdings and its affiliates. Department head James Scoville advises on complex transactions involving insurance companies, and also handles securities and capital markets transactions across a broad range of industries. David Innes focuses on cross-border private equity and M&A transactions, and Aatif Ahmad specialises in financial services regulation, advising on issues such as market abuse, passporting, change of control and regulatory reform.

HFW is noted for the strength of its Lloyds practice, and also has substantial experience in mergers, acquisitions, joint ventures and regulatory issues. The practice utilises its extensive international network to represent a growing number of foreign insurers, and has recently handled various regulatory projects for clients including Ironshore, Swiss Re and Argenta. Other highlights included advising Ironshore on its $3bn acquisition by Fosun International, acting for ILS Investment Management on the reinsurance of QBE’s legacy industrial disease book, and assisting Appleclaim with the sale of Jubilee Group to Ryan Speciality Group. Richard Spiller heads the practice, and Nick Hutton and James Lewis are also key figures.

Herbert Smith Freehills LLP provides ‘an excellent service in terms of appropriate advice and responsiveness to requests’, and the team ‘inspires complete confidence in the client with its expertise and refreshing openness to alternative fee structures’. The department is praised for its portfolio transfer expertise, and also has a strong track record in M&A transactions, restructurings and Solvency II advice. Barnaby Hinnigan handles the full gamut of corporate and regulatory matters for insurance sector clients, and recently advised Old Mutual on the disposal of its subsidiary, Rogge Global Partners, to Allianz Global Investors. Other highlights included advising Pension Insurance Corporation on several transactions, including a £900m buy-in with the trustees of Aon Retirement Plan; acting for HSBC, Morgan Stanley, Cazenore and Commerzbank on the £735m rights issue by Phoenix Group to fund its acquisition of Abbey Life Assurance Company; and assisting Credit Suisse with a reinsurance transaction entered into with Dai-ichi Life. The team is headed by Geoffrey Maddock, who focuses on non-contentious insurance sector work, and Alison Matthews wins plaudits for her ‘extensive knowledge of regulatory matters and personable manner’.

Willkie Farr & Gallagher (UK) LLP provides ‘an excellent service’ and ‘solid, in-depth industry knowledge’, and the team ‘makes every effort to understand the clients’ business and deliver high-quality advice’. The firm dedicates significant focus to the development of insurance-linked securities across various jurisdictions including Bermuda, Guernsey, the UK and the US, and is also well placed to handle all types of insurance sector transactions including M&A deals, longevity reinsurance transactions and hedge fund reinsurance startups. Recent work included advising Allstate on its $1.4bn acquisition of SquareTrade, a leading provider of consumer electronics and appliance protection plans, and acting for Prudential Financial on a number of reinsurance deals with various UK counterparts including Legal & General. The ‘responsive, thoughtful and considerateJoseph Ferraro heads the practice, and is well regarded for his work in the Lloyd’s, Bermuda and US insurance markets. Nicholas Bugler has significant experience in cross-border insurance and reinsurance matters, and Andrew Tromans advises a mix of life and non-life companies, financial institutions and Lloyds vehicles.

Philip Jarvis is the key figure at Allen & Overy LLP, where highlights have included advising Aviva on its £5.6bn all-share acquisition of life insurance specialist Friends Life, a transaction to be implemented by way of a scheme of arrangement. The team also acted for Aviva on its £1.7bn disposal of its latent risk portfolio to Swiss Re, and advised BCE on its high-value longevity insurance agreement with Sun Life Assurance Company of Canada. The team attracts a mix of life and non-life mandates, and has also been significantly active in the longevity risk transfer market, advising on pension portfolios and the reinsurance of longevity risks. Other notable clients include Guardian Financial Services, Royal & Sun Alliance, Legal & General Group and Morgan Stanley.

The ‘practical and commercial’ team at DAC Beachcroft LLP is ‘always willing to go the extra mile to provide assistance’ and ‘offers advice which is very much tailored to the client’s requirements’. The group has been notably active in the data protection space, working with cyber insurance experts to advise on compliance with data protection regulations. It has also seen a steady pipeline of corporate and M&A transactions, and regularly advises on the impact of Solvency II and other regulatory changes. Recent work included advising Flood Re on a strategic policy document for cyber risk management; acting for AXA PPP Healthcare on its business transfer agreement with Universal Provident, an employee benefits and insurance provider; and assisting AIG Life with its new partnership with NFU Mutual. Regulatory specialist Mathew Rutter heads the practice and ‘has great industry knowledge’, and Emma Bate advises on the full range of commercial and contractual issues.

At Eversheds Sutherland (International) LLP, key areas of expertise include pension de-risking and risk transfer transactions, corporate and M&A deals, distribution arrangements and regulatory matters. Transactional lawyer Hugo Laing heads the practice, and recently advised Legal & General on a distribution agreement with Aegon to offer individual annuities to Aegon customers, a partnership expected to generate £190m in annuities within the first year. The team also advised Legal & General on a £1.1bn pension buyout for the Vickers Group Pension Scheme, and acted for Capita on its £412m public takeover offer for Xchanging, a provider of insurance services to various market participants including Lloyd’s of London. Paula Gaddum advises a mix of insurers, intermediaries and other financial services clients on the full gamut of non-contentious issues. Richard Lewis is also a key figure, and has significant cross-border expertise.

The ‘strong team of professionals’ at Pinsent Masons LLPalways has access to wider expert resources within the firm when necessary’ and provides ‘excellent value for money’. The firm has a strong track record in major distribution deals, M&A work and complex regulatory issues, and has retained a strong client base in the general insurance, life and pensions, savings and investments and health sectors. Notable work included acting for AXA on its joint venture with Trov, a Silicon Valley-based app designer, and advising Legal & General on its £140m sale of Cofunds, a UK investment platform for financial institutions. The team also has substantial expertise in acting for startups, and recently advised an IT/insurance distribution startup on the initial setup, development and implementation of its business. David Heffron heads the practice, where Alexis Roberts and Bruno Geiringer are the other key figures. British Gas Insurance, Reliance Mutual and Marsh & McLennan Group are also active clients.

RPC has seen a significant number of restructuring mandates, and is a key name for big-ticket M&A deals across the insurance sector. The group also has significant regulatory expertise, advising on the full range of issues including systematic risk management, product governance, distribution agreements and new business propositions. Clients include RSA Group and Novae. The team recently advised ANV on the strategic review and disposal of ANV Holdings, which was acquired by AmTrust Financial Services for $219m. The practice also acted as sole legal advisor to Besso and B.P Marsh & Partners, its strategic investor, on its £70m sale of BGC Partners, and is advising QBE and Compre on the Part VII transfer of QBE’s share in Ridgwell Fox & Partners’ pool legacy reinsurance business. Practice head James Mee has notable expertise in private equity transactions; Matthew Griffith focuses on the financial services sector; and Neil Brown has a particular interest in Lloyd’s startups.

Shearman & Sterling LLP’s regulatory team has seen increasing demand for Brexit-related advice within the insurance market, and regularly advises clients on key UK and European financial regulatory issues, policy developments and related legislation. The firm is also strong in the M&A transactional space, and has handled a number of high-value acquisitions, disposals and private equity transactions in the last year. The team is advising Sompo Holdings on its $6.3m acquisition of Endurance Specialty Holdings, and acted for a consortium including Fairfax Financial, Albright Capital Management and Acon Equity Management on the $253m recommended public offer to acquire APR Energy, a London-listed energy company based in the US. Abu Dhabi Global Market is also a notable client, which the team advises on various market regulations and compliance issues. Barney Reynolds and Frankfurt-based Andreas Löhdefink are the practice co-heads, and Jo Rickard is also a name to note.

Sidley Austin LLP has a strong track record in high-end insurance transactions and regularly acts for insurers, reinsurers, brokers and investors on cross-border mergers, acquisitions, disposals and joint ventures. The team handled a number of deals for Catalina Holdings, a Bermuda-based acquisition and management company, in the non-life space; among these was its £270m acquisition of AGF Insurance from Allianz, and its purchase of The Hartford Financial Products International and Downlands Liability Management, companies with combined total assets of £712m. The group also advised various insurance-linked securities funds on the establishment of Probitas 1492 at Lloyd’s, and assisted Genworth Financial with the $55m disposal of its European mortgage insurance business to AmTrust Financial Services. Martin Membery leads the firm’s global insurance practice and financial services group, and has significant experience in insurance and reinsurance projects, joint ventures and regulatory matters. Nancy Corbett is also a leading practitioner, and stands out for her expertise in public and private capital raising.

Simmons & Simmons’ team has particular expertise in insurance business transfers, company reorganisations, M&A transactions and risk management programmes, and regularly advises the life and general insurance markets on the full range of non-contentious issues. The department also has significant cross-border capabilities, most notably in China and Latin America, where it advises clients in the engineering, construction and energy sectors on casualty and specialist risks. Pollyanna Deane specialises in transactional and regulatory insurance matters, and has particular expertise in Solvency II matters and Part VII transfers, along with professional indemnity policy wording. Simon Thrower is the name to note for corporate lending and acquisition finance in the insurance sector, and Jocelyn Ormond advises on private equity transactions, financing agreements and corporate governance issues. Mitsui Sumitomo Insurance is also a client.

Taylor Wessing LLP’s client base includes risk carriers, underwriters, brokers and run-off agents, and the team is also involved in various insurance-related matters for clients across other sectors and areas of practice. The firm covers a broad industry spectrum, advising on insurer and reinsurer setup, raising of capital and M&A activity, as well as Lloyd’s regulatory issues. Clients include Heritage Insurance Managers, AXA Liabilities Managers and HSB Engineering Insurance. The firm recently advised Ariel Re on the role of certain Lloyd’s participants in providing capacity to one of its syndicates, a matter valued at £50m. Jonathan Rogers heads the practice, Peter Kempe specialises in corporate finance, private equity and venture capital, and Dion Williams has substantial experience in the setting up of alternative capital structures for the insurance and reinsurance market. Susannah Wakefield joined Shoosmiths LLP in August 2017.

Berwin Leighton Paisner LLP’s full-service offering covers corporate transactions, restructuring issues and regulatory advice, and the group also supports insurance and reinsurance companies facing investment management and governance issues. Clients include a mix of general insurers such as Aviva, MS Amlin and CNA Europe, along with life insurance and pension companies, healthcare insurers, and Lloyd’s syndicates. Highlights included advising Chubb/Ace European on its warranty insurance policy concerning Bupa’s acquisition of Oasis Dental Care, the UK’s main private dental provider; acting for Markel International Insurance Company on the transfer of its book to RiverStone Insurance; and assisting Randall & Quilter Investment with its £12m acquisition of all shares in The Royal London General Insurance Company, a non-life insurance company in the run-off space. Adam Bogdanor heads the practice and advises on M&A transactions, Part VII transfers and schemes of arrangement, among other matters, and Geraldine Quirk is well-regarded for her expertise in portfolio transfer schemes.

Cooley (UK) LLP’s ‘excellent, commercial lawyers’ provide ‘sound advice on the law’ and ‘are aware of how to act to best protect the client’s commercial interests’. The team handles the full range of insurance and reinsurance-related matters, offering support with policy placement negotiation, book sales and purchases, compliance matters and insolvencies. Notable work included advising Rollings Oliver, the administrators of MedRe, on all matter arising from its insolvency including claims negotiation, administration agreements and policy construction. The team also acted for Ambridge Europe as underwriter in over twenty transactions, and advised NFU Mutual on several outsourcing, licensing and technology procurement contracts, as well as its £18m cyber security programme. Key practitioners include Jon Yorke, who has notable insolvency and restructuring expertise and advises extensively on schemes of arrangement; Mark Everiss, who focuses on M&A due diligence and policy construction issues; and David Kendall, who has substantial experience across contentious and non-contentious insurance.

DLA Piper stands out for its ‘good customer focus, commercial approach and overall strength in depth’, and its ‘willingness to adapt its advice and fee structure to the nature of the transaction’. The practice covers life and non-life matters including domestic and cross-border M&A, group reorganisations, Part VII transfers and other run-off insurance portfolio matters, and the team has a strong working relationship with many European insurance regulators, including the Financial Conduct Authority and the Prudential Regulation Authority. Recent work included advising AIG on the sale of its 51% shareholding in AIG Greece to Exin Financial Services, and acting for MS Amlin on a merger under SE regulation as part of a corporate restructuring, where the client aims to merge RaetsMarine Insurance, its Dutch subsidiary, into Amlin Underwriting Services, its UK subsidiary. Prakash Paran co-chairs the global insurance group, and is ‘an excellent negotiator who always remains calm under pressure’.

Dentons’ ‘incredibly responsive’ team provides ‘a partner-led service’, and is ‘able to provide accurate and commercially sound advice within a very short window of time, i.e. in the final stages of a transaction’. The firm focuses on high-end M&A, commercial and regulatory matters across all sectors of the market including underwriting, broking, life, non-life and run-off, and regularly utilises its global offices in a range of cross-border transactions. Highlights included advising Virgin Money South Africa on the creation of Virgin Money Insurance, an unincorporated joint venture with AIG Life South Africa; acting for AIG on various M&A matters spanning the UK, Poland, Hungary and the Czech Republic; and handling a range of regulatory issues for longstanding client Ambridge. Practice head Martin Mankabady has ‘an all-round knowledge of the insurance industry’, and is ‘always prepared to do what needs to be done in order to execute a deal’. The ‘commercial, pragmatic and responsive’ Darren Acres is also a key figure, and provides ‘excellent advice to M&A insurers’.

Gowling WLG’s group acts for insurers and policyholders alike, and regularly advises corporate and real estate clients on policy wordings, risk transfer projects and various regulatory issues. The firm also has a strong track record in M&A transactions, and has been actively involved in assisting clients with warranty and indemnity insurance procurement and contingent risk policy issues to support their M&A activity. Highlights included advising Thomas Miller on its proposed merger with Tindall Riley, a transaction that would significantly impact the protection and indemnity sector; acting for Ecclesiastical Insurance Office on a variety of tax, data protection and employment issues; and assisting internet-based risk insurer Ellipse with the structuring of its new life product. Other active clients include Marsh, Crispin Speers and Partners, and the Trustees of the Pirelli Tyres Pensions Scheme. David Breslin heads the team, and has notable expertise in the financial lines, marine and energy sectors. Michael Lacey is the name to note for non-contentious matters.

The ‘professional and well-established’ practice at Ince & Co is ‘very well regarded in the insurance industry’, and has notable expertise in the insurance capital markets space, advising on a range of insurance-linked securities and the management of longevity and pensions deficit risks. The group’s client roster includes a mix of insurance and reinsurance companies, Lloyd’s syndicates, intermediaries and brokers, and the team also advises equity banks and other financial institutions on developing insurance products. Recent work included advising International Underwriting Association on the review of its standard contract clauses in relation to the newly-implemented Insurance Act 2015, a matter involving revision and policy re-wording, and acting for East Coast Capital, Munich Re and various other clients on a range of corporate and regulatory issues. Transactional specialist Jennifer Donohue heads the practice, and Simon Cooper is ‘experienced and clear in his advice, providing expert knowledge on issues within the insurance and reinsurance markets’.

Mayer Brown International LLP is ‘strong in insurance-related matters’, working closely with its US, South America and Asia-based teams to advise on cross-border transactional and regulatory issues. The firm is increasingly handling sanctions and compliance-related work, advising its broad range of clients on UK, EU and US sanctions regimes. Recent work included acting for Beazley on the return of the group’s management from Ireland to the UK by way of a scheme of arrangement; advising EU Lotto on its €116m jackpot protection insurance and reinsurance policies with a number of companies; and assisting GBGI with its admission to trading on the AIM, and on its £30m IPO of new shares. Aspen Risk Management is also a key client, and the team recently advised on its £42m acquisition of Liberty Specialty Markets, a UK-based property and casualty insurance business. Colin Scagell heads the practice, and Andrew McGahey and Alexandria Carr are also key figures.

Skadden, Arps, Slate, Meagher & Flom (UK) LLP acts for insurance and reinsurance companies, financial advisors and underwriters on a range of corporate transactions including mergers and acquisitions, public and private financings, risk transfers and reorganisations. The team also provides a broad range of regulatory advice, handling regulatory capital issues, securities issuances, insurance law issues and investments. Recent highlights included advising Phoenix Group on its rights issues and the related $1.2bn acquisition of Abbey Life Assurance Company from Deutsche Bank; acting for Endurance Specialty Holdings on its $6.3bn acquisition by Sompo Holdings; and advising BTG Pactual on its $235m sale of Ariel Re to Argo Group. Robert Stirling heads the practice, and has substantial experience across the life, general, reinsurance and broker sectors.

Addleshaw Goddard acts for a number of high-profile insurance clients including AIG, Aviva, Direct Line and Simplyhealth, and also assists banking, financial institution and building society clients with their arrangements with insurers. The firm has notable expertise in the regulated and unregulated asset finance industries, advising clients including Close Brothers and JCB Finance on the full range of corporate, commercial and regulatory issues. In a recent highlight, practice head Neil Woolhouse acted for Family Assurance Friendly Society on the disposal of its subsidiary, Engage Mutual Health, to Exeter Friendly Society. Nikki Worden recently left for Osborne Clarke LLP.

At DWF, key areas of expertise include insurance market corporate transactions, commercial operations, regulatory investigations and funding and investment ventures. The team also has a strong track record in new product development, most notably in the warranty and indemnity space, and regularly advises on the drafting, operation and enforcement of underwriting and distribution agreements. Key practitioners include Jeremy Irving, who specializes in compliance and regulatory matters including investigations, disputes and corporate matters, and Douglas Howie, who advises on M&A transactions, commercial alliances, group reorganisations and business transfer schemes. Markerstudy and HW Kaufman Financial Group are active longstanding clients, and new client wins include Gallagher Bassett, Inflexion and Rockbourne.

Insurance specialist EC3 Legal provides ‘an exemplary level of service’, and the team is ‘very well placed to handle all matters in the London market insurance arena’, providing ‘professional and timely advice on all topics raised’. The firm has a strong track record advising on Lloyd’s market matters, including the establishment of Lloyd’s syndicates, and also handles M&A transactions, governance issues and regulatory matters in the general insurance and reinsurance space. Clients include a growing list of managing agents, brokers and other insurance service providers, with key names including Hyperion Insurance Group, Leviathan and Meridian Risk Solutions. Recent work included acting for Lorega in a management buyout from a number of minority shareholders, a deal backed by Alcuin Capital Partners; advising Integro Insurance Brokers on its purchase of a London-based Lloyd’s broker; and assisting the shareholders of Cavendish Munro Professional Risks with the sale of its business to Global Risk Partners. David Coupe heads the practice, and is praised for his ‘in-depth knowledge of the Lloyd’s and London insurance markets, which is invaluable to clients facing complex issues’.

Fieldfisher acts for a broad range of insurance clients, and has a notable focus on providers of long-term insurance products for investment purposes, personal pensions products being among the most prevalent. The team deals with a vast array of regulatory issues and also regularly handles restructurings, Part VII transfers and reassurance arrangements. Highlights have included advising B&CE insurance on its new investment arrangements with State Street, and assising Falcon Fine Art with a review of its financing activities and regulatory practices. Financial services specialist Kirstene Baillie is a key figure, along with Nicholas Thompsell, who advises financial sector clients on transactional, commercial and compliance issues.

Freshfields Bruckhaus Deringer LLP’s expertise spans corporate and M&A transactions, business transfers in the Lloyd’s market, restructurings and regulatory work. George Swan is the key individual, and has advised a number of companies including Phoenix Group, The Hartford, AIG and AXA on a range of mergers and acquisitions, reorganisations and disposals. Neil Golding is the name to note for restructuring and insolvency issues, and regularly advises insurance and reinsurance companies on schemes of arrangement and Part VII transfers with liabilities totalling up to £10bn.

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