Next Generation Partners

Rising Stars

Insurance: foreign firms in China

Clyde & Co LLP

The sizeable Mainland China insurance team at Clyde & Co LLP advises domestic, regional and global clients on a range of both contentious and non-contentious insurance matters. The group’s expertise covers coverage issues, disputes, claims, and corporate and commercial matters, along with advisory and regulatory work. In Shanghai, China insurance and dispute resolution practice head Ik Wei Chong assists insurance companies with policy issues, as well as claims involving credit risks, product liability issues, errors and omissions, and property and business interruption insurance. At legal director level, Christian Liu also acts in significant insurance disputes. The firm is further able to provide both onshore and offshore services, as a result of its PRC joint law venture with local law firm Westlink Partnership, where Victor Yang is particularly active in contentious insurance-related work, including matters concerning professional indemnity, directors and officers, financial lines, product liability, and personal injury and property claims.

Practice head(s):

Ik Wei Chong

Other key lawyers:

Victor Yang; Christian Liu

Baker McKenzie FenXun

Acting for multinational insurers across China, Hong Kong and the US, the full-service insurance offering at Baker McKenzie FenXun covers both transactional and regulatory compliance work. The team also routinely acts in complex enforcement matters. Representative matters include assisting insurers with licensing and financial reporting requirements, investigations work, and M&A and group restructuring transactions in the insurance sector. The group further stands out for its expertise in the insurtech space. In Hong Kong, team head Martin Tam assists large insurers with corporate transactions and restructurings, as well as local, regional and cross-border regulatory issues, and Bryan Ng represents major Hong Kong and international insurers in investigations and disciplinary proceedings. On the firm’s joint venture side in Beijing, Ada Hu regularly acts for insurance entities and insurance asset management companies on a range of matters, including compliance management and product reviews.

Practice head(s):

Martin Tam

Other key lawyers:

Bryan Ng; Ada Hu; Tina Li

Key clients


Government of the Hong Kong Special Administrative Region


Standard Chartered Bank

Swiss Reinsurance Company

Zurich Insurance

Herbert Smith Freehills

Herbert Smith Freehills LLP‘s Hong Kong-based insurance practice is experienced in a range of contentious, transactional and regulatory matters, and its clients notably benefit from the group’s ability to leverage insurance specialists from the firm’s international network for cross-border matters. On the contentious side, the department is complemented by a significant broker practice, as well as expertise in professional negligence and financial insurance matters. In the non-contentious space, the insurance practice is routinely involved in insurance-related, public, private and cross-border M&A deals, joint ventures, capital markets transactions, corporate reorganisations and related regulatory advisory work. Hong Kong team head Gareth Thomas acts for regional and international insurers, corporate clients and financial institutions on both contentious and advisory insurance matters. Fellow partner Tommy Tong is experienced in advising insurance companies, banks and private equity funds on insurance-related transactions.

Practice head(s):

Gareth Thomas; Tommy Tong


Linklaters‘ Hong Kong-based insurance practice is able to leverage the firm’s enviable corporate law, finance and regulatory credentials, and the team is particularly active in multi-jurisdictional bancassurance transactions. It also fields experts in the distribution of insurance products. Clients further benefit from the firm’s ability to fuse international and PRC legal advice, as a result of its joint operation with domestic law firm Zhao Sheng Law Firm. The group is led by senior international M&A partner Matthew Middleditch, who specialises in the financial institutions sector. Middleditch is supported by cross-border public and private M&A expert Christopher Yip, whose practice also includes the insurance sector, and Tiffany Yan, a corporate counsel whose experience includes advising FWD Group on its proposed global offering and listing on the main board of the Hong Kong Stock Exchange.

Practice head(s):

Matthew Middleditch

Other key lawyers:

Christopher Yip; Tiffany Yan

Key clients

The Hongkong and Shanghai Banking Corporation

The Bank of East Asia

FWD Group Holdings

Dah Sing Bank

Affin Bank Berhad


Lien Viet Post Joint Stock Commercial Bank

Vietnam Technological and Commercial Joint Stock Bank

Vietnam Prosperity Joint-Stock Commercial Bank

Work highlights

  • Advised HSBC on its negotiation of a 15-year term bancassurance partnership with Allianz SE, covering China, Taiwan, Indonesia, Malaysia, the Philippines and Sri Lanka.
  • Advised the Bank of East Asia on the sale of its general insurance unit, Blue Cross (Asia-Pacific) Insurance, and its interest in a joint venture to AIA, as well as the formation of a 15-year exclusive bancassurance partnership with Blue Cross for Hong Kong.
  • Advising AXA and Affin Bank Berhad on the approximately €140m sale of AXA Affin General Insurance and AXA Affin Life Insurance in Malaysia to Generali.

Norton Rose Fulbright

Norton Rose Fulbright‘s China insurance practice provides advice on non-contentious matters across the insurance and reinsurance spectrum. The practice encompasses assistance with business establishment issues and strategic investments, along with commercial, corporate and M&A matters. Other key areas of strength are data privacy and cybersecurity, directors’ and officers’ insurance, insurtech, licensing, compliance, and warranty and indemnity insurance. The China insurance practice is led by Shanghai-based Ai Tong, who was raised to partner level in January 2023. Tong’s experience includes advising on both transactions and regulatory matters that involve investments in China by foreign financial institutions, including insurers, reinsurers and insurance intermediaries. Tong additionally advises on the regulatory aspects of financial products’ distribution and resale networks.

Practice head(s):

Ai Tong

Key clients



China Life

China Property & Casualty Reinsurance Co

China Southern Fund Management Company

HSBC Insurance (Asia)

Work highlights

  • Advised a multinational financial institution group on its strategic investment into a Chinese insurtech firm.
  • Advised an international insurance group on a variety of legal issues in China, including anti-money laundering, anti-bribery and corruption, corporate governance, and data privacy issues.
  • Advised a major Chinese insurance group on the full spectrum of matters in connection with its overseas business in Hong Kong, the UK, the US, Singapore and Malaysia.


O'Melveny‘s practice in Hong Kong routinely acts for insurers, brokers and insureds in high-stakes disputes and regulatory matters. The team also advises large insurers and intermediaries on Hong Kong regulatory issues. On the transactional side, the firm’s PRC team has a significant track record in assisting with Chinese insurance issues, as well as the acquisition of insurance businesses throughout the Asian region. Leading the insurance practice, as well as chairing the firm’s international disputes and arbitration group, is renowned litigator Denis Brock, a former chair of the Hong Kong Solicitors Indemnity Fund (the compulsory insurer for all Hong Kong solicitors). At counsel level, Kieran Humphrey is a disputes and regulatory specialist, whose experience includes acting in some of Asia’s largest corporate, financial lines and casualty insurance claims. Humphrey also advises extensively on insurance regulatory matters.

Practice head(s):

Denis Brock

Other key lawyers:

Kieran Humphrey

Key clients