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Insurance: corporate and regulatory in London

Clifford Chance LLP

Clifford Chance LLP is recommended for handling insurance-based M&A, group restructurings and structured reinsurance transactions. The practice has played a key role in the development of the UK as an ILS jurisdiction and continues to advise on ILS transactions internationally in Bermuda and Singapore. Practice head Ashley Prebble, also global co-head of the insurance group, specialises in corporate and regulatory insurance matters, including M&A, Part VII transfers and complex reinsurance arrangements. Both Hilary Evenett and Katherine Coates retired from the partnership in May 2021; whilst the former continues to advise clients across the non-contentious insurance space as senior director, the latter remains active as a part-time consultant to the practice as a special counsel. Narind Singh is recommended for his work on corporate insurance transactions, while Cheng Li Yow offers expertise in non-contentious reinsurance, including providing reinsurance regulatory advice.

Practice head(s):

Ashley Prebble

Other key lawyers:

Hilary Evenett; Katherine Coates; Narind Singh; Cheng Li Yow; Imogen Ainsworth; James Cashier

Testimonials

‘We have absolute faith and trust in Ashley Prebble.’ 

‘The firm is very experienced and knowledgeable about the London insurance market and our own peculiarities.’

‘Excellent global insurance industry knowledge.’

‘High quality legal advice, pragmatic with a strong focus on adding value.’

‘Clifford Chance has strong bench strength and market knowledge.’

Key clients

Liverpool Victoria Financial Services Limited (LV=)

Inigo Limited

Athora Group

Premia Holdings Limited

Admiral Group plc

International Underwriting Association

AXA S.A.

Society of Lloyd’s

The Prudential Insurance Company of America

Coface

Legal & General Assurance Society Limited

Enstar

Chubb

Domestic & General

Rothesay

Cinven

Bought By Many

Work highlights

  • Advised AXA on the disposal of a EUR 2.6 billion life and non-life insurance portfolio by AXA Belgium to Monument Re.
  • Advised the IUA on the joint venture agreement with Lloyd’s and DXC Technology which will build solutions to digitalise, streamline and fully automate processing for the Lloyd’s market.
  • Advised the Society of Lloyd’s on the establishment of and first transactions undertaken by London Bridge Risk PCC Limited, the ground-breaking insurance linked securities platform for used by members of Lloyd’s.

Hogan Lovells International LLP

Hogan Lovells International LLP advises clients across the breadth of the insurance industry, including life and non-life insurers, reinsurers, Lloyd’s participants, mutual banks and intermediaries. The practice covers the full spectrum of insurance work, enompassing Part VII transfers, M&A, restructurings, sanctions and BREXIT-related matters. Nicola Evans has replaced Charles Rix as global head of insurance, who continues to support clients in relation to M&A, Part VII transfers and business restructurings. Tim Goggin focuses on corporate deals, while Steven McEwan handles issues involving risk transfer and regulatory capital. Jamie Rogers advises on the application of financial crime laws and regulation in the insurance sector. Jonathan Russell is another key name to note.

Practice head(s):

Nicola Evans

Other key lawyers:

Charles Rix; Tim Goggin; Steven McEwan; Jamie Rogers; Jonathan Russell

Key clients

AXA

Monument Re Limited

Just Group plc

Pacific Life Re

Enstar

Qatar Insurance Company

Argo Group

Pool Reinsurance Company Limited

BGL Group

M&G plc

Assicurazioni Generali

Phoenix Group

Canada Life

Lloyds Banking Group/Scottish Widows

Zurich Assurance Limited

Resolution Re Limited

ING Bank N.V.

Barclays Bank PLC

NN Life

Work highlights

  • Advised Pacific Life Re on its strategic reorganization, from the initial structuring through to detailed implementation. The key features of the transaction were the establishment of two new Bermudan life reinsurers, and the transfer of the UK and Ireland business of PacificLife Re’s UK subsidiary to one of the new Bermudan carriers.
  • Advised Enstar on the establishment of the Inigo joint venture with J C Flowers andothers, and the sale to Inigo of StarStone Underwriting Limited.
  • Advised Qatar Insurance Company (QIC) on its participation in a £200 million investment in Markerstudy Group, a UK-based motor insurance provider, and on its ongoing strategic partnership with Markerstudy.

Norton Rose Fulbright

Norton Rose Fulbright supports clients in relation to insurance M&A, regulatory matters, restructurings and insurtech issues. The team is also recognised for its Lloyd’s market and life sector expertise. Practice head James Bateson has a particular focus on cross-border M&A, joint ventures, distribution arrangements, restructurings, Part VII transfers, corporate governance and regulatory issues. Maria Ross handles transactional and regulatory insurance work, primarily within the life and reassurance sectors. Bob Haken specialises in discontinued businesses, restructurings, the Lloyd’s market and regulation. Nicholas Berry is recommended for his work in the insurtech space, while Matthew Foster has a growing reputation in handling insurance M&A. Noleen John  stepped down from partnership but remains active as a consultant to the practice. David Whear retired in 2022.

Practice head(s):

James Bateson

Other key lawyers:

Maria Ross; Bob Haken; Nicholas Foster; Noleen John

Key clients

The UN-convened Net-Zero Insurance Alliance of Allianz, Aviva, Generali, Munich Re, SCOR, Swiss Re and Zurich Insurance Group

RiverStone

Bain Capital Credit LP (“Bain”)

JP Morgan

HSB Engineering Insurance (HSB), a Munich Re Group Company

Aquiline Capital Partners

Zego

Marsh McLennan Companies

Charles Taylor Limited

North of England P&I Association

AXA XL

PIB Group Ltd (‘PIB’)

Nexus Mutual

W.R. Berkley

RGA and Hodge Life Assurance Company

Work highlights

  • Advised North P&I Club on its proposed merger with the Standard Club.
  • Advised Bain on its proposed acquisition of the UK’s second largest mutual insurer, Liverpool Victoria Financial Services Limited.
  • Advised RiverStone on three successful acquisitions of business in the legacy solutions market, collectively valued around $1.35 billion.

Slaughter and May

Slaughter and May is highly regarded for its expert handling of large-scale transactions in the insurance sector, including public and private M&A, debt and equity capital markets work as well as cross-border reinsurance transactions. Part VII transfers, pension deriskings, restructurings and complex disputes are further key areas of focus for the department. In the past year, the practice has seen increasing instructions in relation to consolidation deals in the non-life retail broking sphere. Jonathan Marks oversees the team, recommended for dealing with corporate, governance and risk transfer issues. Craig Cleaver focuses on M&A in the insurance-space, while Nick Bonsall handles insurance advisory and derisking matters. Robert Chaplin works across the life and non-life sectors for insurance groups, financial sponsors, Lloyd’s businesses and government/supra-national organisations.

Practice head(s):

Jonathan Marks

Other key lawyers:

Craig Cleaver; Robert Chaplin; Nick Bonsall; Nick Pacheco

Testimonials

‘Excellent industry knowledge and brilliant people.’

‘They speak in plain English, and are able to explain complex issues simply to non-experts.’

Key clients

Ageas

Aviva

Allianz

Canada Life

Legal & General

M&G

Markerstudy

Prudential

RiverStone

RSA

Zurich

Work highlights

  • Advised Aviva on the sale of its entire shareholding in Aviva Poland to Allianz for cash consideration of EUR 2.5 billion.
  • Advised Markerstudy, a portfolio company of Pollen Street Capital, on the acquisitions of BGL Insurance (BGLi) from BGL Group and of Clegg Gifford Holdings Limited, the parent company of Clegg Gifford & Co Limited.
  • Advised Tata Steel on a c.£500 million partial buy-in transaction with Legal & General for the British Steel Pension Scheme.

Willkie Farr & Gallagher (UK) LLP

US firm Willkie Farr & Gallagher (UK) LLP's London team supports clients across the full spectrum of the insurance corporate and regulatory sector, including on cross-border M&A, longevity reinsurance transactions, ILS structures, regulatory advice and restructurings. The team also handles bancassurance and international distribution transactions, insurance portfolio transfers and legacy deals as well as private equity investments in insurance. The London team dovetails effectively with US-based colleagues in New York and San Francisco. Hugely experienced practice head Joseph Ferraro is recommended for handling corporate insurance issues. Andrew Tromans acts for life and non-life insurance companies, often working on Part VII transfers, policy wordings, FSA and EU regulatory matters. Nicholas Bugler, Kirsty Maclean and Jennifer Tait are further key team members. The practice has been bolstered by the arrivals of Melanie James and Tim Baumgartner from DLA Piper in January 2022.

Practice head(s):

Joseph Ferraro

Other key lawyers:

Andrew Tromans; Nicholas Bugler; Kirsty Maclean; Jennifer Tait; Melanie James; Tim Baumgartner; Eilidh Brown

Testimonials

‘Joseph Ferraro has very good overall corporate knowledge so can assist with all the points of a partial sale of the business.’

‘Tim Baumgartner is personable and practical’

‘Andrew Tromans and his team are my go-to resources for insurance corporate and regulatory matters involving the London market. They are reliable, responsive and incredibly thoughtful.’

‘Andrew Tromans stands apart from the field. His intellect and superior drafting and negotiation skills have been invaluable to my company.’

‘The Willkie team has a deep bench of professionals ranging in seniority level, area of expertise (collateral, insurance, etc.), and jurisdiction of experience (UK, USA, etc.).’

‘We’ve had really consistent, positive engagements with the Willkie team and are rarely in a position where we do not feel we can have an open dialogue with counsel and have confidence in the information and/or advice provided.’

‘Nicholas Bugler is an exceptional insurance market lawyer with deep expertise in Lloyd’s, ILS and related structuring issues. Nicholas is always calm, thoughtful and available to clients and provides high quality advice.

‘Andrew Tromans is our most trusted legal advisor.’

Key clients

Group Ark Insurance Limited

Fidelis Insurance Group Holdings

NTUC Income Insurance Co-Operative Limited

Conduit Holdings Limited

Lancashire Holdings Limited

MS Amlin AG

Apollo Partners LLP, Apollo Group Holdings Limited, Apollo Underwriting Limited at Lloyd’s

SCOR

Herbie Re Ltd.

Socium Re

Viribus Re

Kinesis Re

Ontario Teachers’ Pension Plan

IQUW

Credit Risk Transfer Solutions

Aspen Insurance

Kendall Re

Compre Holdings Limited

Marco Capital

Liberty Mutual

FM Global

Saudi Reinsurance Company

Cover-More Insurance Services

Aetna International

Pelican Ventures, LLC

BDB Holdings Limited

ACHP plc

Volante Insurance Group

AXIS Capital Holdings

ARAG plc

Aon Securities

Ariel Re

DARAG

Work highlights

  • Advised Group Ark Insurance Limited on placement of three tranches of subordinated debt that is admissible as regulatory capital towards the client’s capital requirements as determined by the Bermuda Monetary Authority.
  • Represenred Fidelis Insurance Holdings Limited, in connection with its third equity capital raise in 12 months implemented by a rights offer and a $300 million private capital raise with US-listed and international insurance group, The Travelers Companies, Inc. agreeing to take a minority stake in the (re)insurer.
  • Advised Apollo Group and Apollo Underwriting at Lloyds in its $90 million investment by Alchemy as well as securing a letter of credit facility with National Westminster Bank plc for the purposes of providing Funds at Lloyds for the 2022 year of account.

Allen & Overy LLP

Allen & Overy LLP provides a full service to clients in the corporate and regulatory insurance space. Philip Jarvis heads the insurance group.

Practice head(s):

Phillip Jarvis

Other key lawyers:

Kate McInerney; Parya Badie; Tom Grant; Daniel Fletcher

Testimonials

‘Working on various longevity reinsurance projects with the team, developing innovative structures for dealing with issues arising trading with global entities domiciled in various different legal jurisdictions – in particular with a focus on credit risk mitigation strategies.’

‘Philip Jarvis and Kate McInerney stand out as experts in the field, with genuine depth of experience and ability to innovate to resolve structuring challenges of complex reinsurance trades.’

Clyde & Co

Clyde & Co provides a full-service corporate and commercial legal offering to life and general insurers, reinsurers and intermediaries. In addition to providing traditional M&A advice and helping insurance clients with their growth strategies, the practice also offers expertise in the disposal of legacy portfolios, the run-off market, Brexit-related issues as well as reinsurance and alternative transfer risk arrangements. Practice head Ivor Edwards, who also leads the European teams across Germany, France and Spain, specialises in the Lloyd’s market. Stephen Browning advises on start-ups, reorganisations, acquisitions and disposals in the insurance sector.

Practice head(s):

Ivor Edwards

Other key lawyers:

Stephen Browning; Mark Williamson; Tom Tippett; Andrew Lucas; Fiona Cassidy

Testimonials

‘Strong capabilities across the insurance advisory space.’

‘Professional, intelligent and personable team, and very responsive.’

 

Key clients

Alchemy Special Opportunities LLP

Applied Underwriters

CMS

CMS operates across the breadth of the insurance sector, supporting clients on transactions, regulatory matters and insurtech issues. Specifically, the department is recognised for its capabilities in the annuity and pension risk transfer markets. Chris Southorn and Paul Edmondson jointly head the team; while the former leads the corporate offering, the latter oversees the regulatory practice. Owen Ross has strengthened the firm’s transactional capabilities. Rizwan Rahman advises insurance clients on M&A transactions, reorganisations, joint ventures, investments and corporate matters. Thomas Lockley supports reinsurers on complex regulatory capital driven transactions. Jenny Nanalal operates within the transactional reinsurance and pension risk transfer market, while James Parker is recognised for his pensions de-risking work. Pippa Tasker and Angela Greenough are other key names within the practice.

Practice head(s):

Paul Edmondson; Christopher Southorn

Other key lawyers:

Owen Ross; Thomas Lockley; Rizwan Rahman; Jenny Nanalal; James Parker; Pippa Tasker; Angela Greenough

Testimonials

‘The CMS UK insurance team has fantastic industry expertise.’

‘Pippa Tasker is a fantastic lawyer. She has a great in-depth understanding of her clients’ business and her advice is always practical, relevant and highly commercial.’

‘I would highly recommend Thomas Lockley, Owen Ross, Jenny Nanalal particularly on reinsurance matters where their experience and industry insight is invaluable.’

‘The team is experienced and commercially savvy, with a broad depth of market knowledge.’

‘Rizwan Rahman provided an exceptional service.’

‘The CMS team has excellent strength and depth in reinsurance transactions.’

‘Jenny Nanalal is amazing. She is very personable and always delivers. She is very ably assisted by fellow partners Thomas Lockley and Owen Ross.’

Key clients

Pension Insurance Corporation

Legal & General

Phoenix

Rothesay

Pacific Life

RGA

Insight

MetLife

Sanlam

Monument Re

USQ Risk

Work highlights

  • Advsied Phoenix, the UK’s largest long-term savings and retirement business, on the reformulation and simplification of its strategic partnership with abrdn plc and members of its group.
  • Acted as specialist transaction counsel for the Trustee of the Santander (UK) Group Pension Scheme and as lead advisers to the Joint Working Group on a £6 billion longevity deal in respect of Santander’s sectionalised group pension scheme.
  • Advised RGA on its provision of new reinsurance coverage to life insurer and asset manager Aegon in relation to certain of Aegon’s longevity exposure in the Netherlands.

Debevoise & Plimpton LLP

Debevoise & Plimpton LLP handles complex, cross-border M&A transactions as well as provding advice on the full gamut of regulatory issues for insurance sector clients. The firm is also recommended for its work in reinsurance as well as capital markets and financing. Practice head Clare Swirski focuses on insurance-based M&A, share and business sales, reinsurance and the effects Solvency II. Co-head James C Scoville deals with transactions involving insurance companies. Benjamin Lyon, a dual English and New Zealand-qualified international counsel, advises on M&A in the Lloyd’s market.

Practice head(s):

Clare Swirski; James Scoville

Other key lawyers:

Benjamin Lyon

Testimonials

‘The team’s particular strength is an extremely strong technical understanding of the insurance market allied with a highly tuned commercial perspective and wider contacts base.’

‘Clare Swirski is extremely easy to work with, technically strong but also very commercial with a great depth and breadth of experience. It is no surprise to me that she is highly in demand for all of the blue chip M&A transactions.’

‘Benjamin Lyon is particularly strong commercially with an excellent network and appreciation of the key commercial drivers of a transaction.’

‘Deep insurance industry knowledge and experience.’

Key clients

AIA Group Limited

American International Group

AmTrust Financial

Ascot Group

Asta Capital Limited

AXA SA

Caisse de dépôt et placement du Québec

Canopius Group

Compre Group

Covéa

CPPIB

Elliott

MTech Capital

Prudential Financial Inc.

Resolution Life

Stone Point Capital

Work highlights

  • Provided international transactional and regulatory advice to the Covéa group in its proposed US$9 billion acquisition of PartnerRe (following acting in the same capacity in the same transaction terminated in 2020).
  • Advised the shareholders on all aspects of the sale of Asta through a competitive auction process. Asta is the leading turnkey Managing Agent in the Lloyd’s market, with significant market presence.
  • Advised the Canopius group on a US$780 million loss portfolio transfer agreement with RiverStone International (“LPT”), the largest Lloyd’s LPT in 2021.

Eversheds Sutherland (International) LLP

Eversheds Sutherland (International) LLP has expertise across a range of transactional, regulatory and distribution work in the insurance space. Notably, the practice is recommended for its work in M&A, pension de-risking and insurtech. Practice head Hugo Laing specialises in insuance sector transactions, including M&A, portfolio transfers and reinsurance matters. Cardiff-based Paul Pugh and Manchester-based Paula Gaddum are further key members of the department, with the latter offering extensive experience in insurance market agreements. The team has been bolstered by the arrivals of Martin Mankabady and Adriana Cotter from Dentons in 2022. Senior associate Rosamund Wood advises trustee, sponsor, insurer and reinsurer clients on the full spectrum of de-risking options, while fellow senior associate Henry Dean handles regulatory matters, Part VII transfers and reinsurance issues.

Practice head(s):

Hugo Laing

Other key lawyers:

Paul Pugh; Paula Gaddum; Martin Mankabady; Adriana Cotter; Rosmund Wood; Henry Dean; Mark Everiss

Testimonials

‘They are a team you want to work with. They are fun and pragmatic and very much felt like an extension of the internal team.’

‘Hugo Laing is great at client and deal management. He’s never fazed by anything.’

‘Henry Dean is very experienced and helped through a number of complex commercial and regulatory issues.’

‘Hugo Laing is a top insurance lawyer. He is a passionate advocate for clients with a very commercial outlook.’

‘Hugo Laing’s team is very capable and has a better balance of associates than other firms which means work is appropriately resourced.’

‘Rosamund Wood and Henry Dean are very capable and provide an impressive service.’

‘Mark Everiss stands out for his in-depth knowledge of the insurance and reinsurance markets based on years of experience, combined with an excellent eye for detail and a determination to deliver the best results for his clients.’

Key clients

Legal & General

Aviva

Scottish Widows

Standard Life

Aegon

RGA

Royal London

Canada Life

Fortitude Re

M&G

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP‘s corporate insurance practice is recommended for its work in relation to reinsurance, M&A, portfolio transfers and regulatory issues. Geoffrey Maddock oversees the team, with considerable experience dealing with transactional and regulatory matters. Barnaby Hinnigan advises insurers and intermediaries on corporate and regulatory projects. Consultant Alison Matthews handles Solvency II matters as well as offering expertise on a wide range of regulatory issues, including the IDD, BREXIT and governance. Of counsel Grant Murtagh focuses on reinsurance transactions, Part VII transfers and M&A.

Practice head(s):

Geoffrey Maddock

Other key lawyers:

Barnaby Hinnigan; Alison Matthews; Grant Murtagh

Testimonials

‘The team is always available and has great experience in longevity reinsurance transactions’

‘Grant Murtagh is our main contact for reinsurance work. He is very personable and efficient in getting the job done. ’

‘A knowledgeable team who are likeable and reliable.’

‘Alison Matthews has a depth of knowledge in the insurance regulatory sector on a range of issues and with access to cross jurisdiction team members.’

Key clients

Association of British Insurers (ABI)

The Ardonagh Group

Canada Life Group (UK) Limited

Marsh & McLennan

Pension Insurance Corporation

Phoenix Group

Pool Reinsurance

ReAssure

Resolution

Royal London

Scottish Widows

The Canada Life Assurance Company

Utmost

Willis Towers Watson

Association of British Insurers (ABI)

The Ardonagh Group

Work highlights

  • Advised Tryg, as a part of a consortium with Intact Financial Corporation, on the completion of its £7.2 billion recommended takeover of RSA.
  • Advised Resolution Life on the largest European-to-Bermuda legacy portfolio reinsurance with Allianz Suisse Life.
  • Advised The Ardonagh Group on its significant group restructuring and equity investment, valuing the Group at US$7.5 billion.

Linklaters LLP

Linklaters LLP is recognised for its de-risking practice, which covers buy-ins, buy-outs and longevity swaps. The department is also adept at dealing with M&A, reinsurance issues and internal reorganisations, including Part VII transfers, advisory work and distribution. Lorna Tennent oversees the team, advising multinational insurers on various aspects of Solvency II. Corporate lawyer Dan Schuster-Woldan is the global relationship partner for clients such as AXA and Phoenix and offers wide-ranging experience in public and private M&A, demergers, joint ventures, corporate restructurings and equity capital markets transactions. Duncan Barber is recommened for his work across the breadth of the non-contentious insurance space, particular focusing on M&A, reinsurances, distribution arrangements, financings and securitisations. Ben Wilkinson is another key name to note.

Practice head(s):

Lorna Tennent

Other key lawyers:

Dan Schuster-Woldan; Duncan Barber; Ben Wilkinson

Key clients

Phoenix Group

Ageas

Zurich

AXA

Lloyds Banking Group

Prudential

QBE

RSA

Rothesay

Athora

Royal London

Assured Guaranty

Generali

Lombard International

Utmost

BUPA

MS Amlin

Several private equity funds including; BC Partners, Carlyle, Oaktree, CDPQ, Towerbrook Fund, Warburg Pincus and Hg Capital

Work highlights

  • Advised Phoenix Group in transferring the long-term insurance business of Phoenix Life Assurance Limited, Standard Life Assurance Limited and Standard Life Pension Funds Limited to Phoenix Life Limited by way of a Part VII transfer.
  • Advised BC Partners LLP, a leading international investment firm, on the acquisition of Davies.
  • Advised the Treasury on a review into the arrangements between the UK government and Pool Re.

Pinsent Masons LLP

Pinsent Masons LLP advises clients across a wide range of issues, including strategic M&A, complex reinsurance arrangements, Part VII transfers, longevity de-risking transactions and insurance regulatory matters. The practice is focused on the financial services sector and handles life insurance, general insurance, pensions, health, savings and investments. Hammad Akhtar became global head of the firm’s transactional services group in August 2021, offering expertise in M&A, Part VII transfers and reinsurance. Hannah Brader now leads the corporate financial services team, specialising in M&A in the insurance and wealth management space. Madhu Jain and Matthew Brewer are further key members of the team, with the former focusing on on a broad range of corporate insurance transactions including M&A, reinsurance and distribution arrangements. David Heffron has moved internally, to take up the role of head of finance and projects.

Practice head(s):

Hannah Brader; Hammad Akhtar

Other key lawyers:

Madhu Jain; Matthew Brewer

Testimonials

‘The team has both strength and depth.’

‘Madhu Jain is innovative, efficient and pragmatic.’

‘Hammad Akhtar is a leader in Part VII transfers and gives insightful advice.’

Key clients

Aegon

Allianz Group

Aviva Group

Axa

BUPA

DirectLine

Foresters Friendly Society

Just

Liverpool Victoria

Marsh & McLennan Group

Phoenix Group

Reliance Life

Royal London Group

RSA

Standard Life Aberdeen

Wesleyan

Zurich Insurance

Work highlights

  • Advised Royal London on a radical and transformative corporate insurance programme, involving a number of innovative schemes of arrangement, among the first of their type in the UK market.
  • Advised Swiss Re on a large, complex, de-risking transaction in respect of the ICL Group Pension Plan.
  • Advised Aviva on its acquisition of the UK private client business unit of XL Catlin Services SE and AXA Art Europe Limited

RPC

RPC handles the full spectrum of insurance transactional and regulatory advice; the practice is instructed on M&A, reinsurance matters, Lloyd’s market assistance, commercial arrangements and insuretech issues. The department acts for insurers, brokers, management teams, investors and innovative start-ups. Practice head Matthew Griffith, also co-lead of the firm’s financial institutions regulatory group, focuses on insurance regulatory issues as well as advising insurers on their BREXIT-related restructuring projects. James Mee has considerable experience in the sector and is another key member of the team. William Hogarth joined the practice in 2021 from Clyde & Co, offering expertise in reinsurance arrangements, including legacy market transactions. Senior associate Jonathan Charwat deals with insurance contracts and regulation, in addition to investigations work.

Practice head(s):

Matthew Griffith

Other key lawyers:

James Mee; William Hogarth; Jonathan Charwat; Andrew Price

Testimonials

‘Practical advice given in an easy to understand manner.’

‘James Mee has technical knowledge of the working of the Lloyd’s market and its regulatory requirements, particularly in the area of reinsurance and the impact of reinsurance/LPT/RITC deals on syndicate capital requirements is impressive.’

‘Knowledgeable and supportinve legal and regulatory team. Commercially aware and capable of developing legal and regulatory solutions in a pragmatical and commecially sound fashion.’

‘They help develop the legal and regulatory framework supporting the transaction and pragmatically developed legally solid and commercially sound agreements underpining the deal structure.’

Key clients

Beat Capital Partners

MS Amlin

Mosaic Insurance

QBE

RSA

AIG

Aviva

Howden Group

Assured Partners

Hiscox

Hamilton UK Services

TigerRisk

Inigo

Integra Insurance

Work highlights

  • Advised innovative insurtech Mosaic Insurance on its acquisition of SiriusPoint’s Lloyd’s managing agency and investment by SiriusPoint  .
  • Advised Beat Capital Partners on its ILS transaction with Ontario Teachers Pension Plan Board.
  • Advised MS Amlin on its “split” RITC with Riverstone.

Ashurst

Ashurst's practice handles and array of work including M&A, captive insurance matters, reinsurance and alternative risk transfer arrangements, as well as product development, distribution and regulatory issues. Practice head Adam Levitt advises on M&A, restructurings, portfolio transfers under the Financial Services and Markets Act, capital raisings and risk transfer transactions. Nick Wong specialises in financing for the insurance sector, including acquisition finance, funds at Lloyd’s facilities, reinsurance letter of credit facilities and syndicate level lending. James Perry and senior associate Jacob Gold are further key members of the team.

Practice head(s):

Adam Levitt

Other key lawyers:

Nick Wong; James Perry; Jacob Gold

Testimonials

‘Experienced and knowledgeable team who are able to work in a focused and result-driven manner’

‘The Ashurst team are excellent. Responsive with comprehensive advice.’

‘Adam Levitt provided us with excellent service.’

‘The Ashurst global (re)insurance team is an outstanding and globally diverse team with key expertise in both contentious and non-contentious advisory and transactional matters in a number of key markets in EMEA and the APAC region.’

‘Adam Levitt brings to bear immense technical knowledge, experience and commercial insight with respect to the (re)insurance industry in the UK, Europe and the APAC region and all forms of insurance and reinsurance transaction structures.’

Key clients

Chesnara

Generali

Global Aerospace

Guardian

Hawthorn Life

Ing Bank N.V.

JC Flowers

Lloyds Bank Plc

Pacific Life

Punter Southall Group

Swiss Re

UIA Insurance

Work highlights

  • Advised Chesnara plc on the acquisition by its subsidiary (Countrywide Assured Life Holdings Limited) of Sanlam Life & Pensions UK Limited (SLP), a specialist provider of insurance and long term-savings products in the UK.
  • Advised Swiss Re on cross-jurisdictional insolvency off-set advice.
  • Advised Punter Southall on the establishment of the Stoneport Pension Scheme, a quasi-insurance structure, which has been designed to significantly reduce administration and costs associated with DB master trusts for smaller sized DB pensions schemes.

Bryan Cave Leighton Paisner LLP

Bryan Cave Leighton Paisner LLP provides a full-service corporate and regulatory insurance offering; the team advises on M&A, reinsurance, restructuring by means of cross-border mergers and portfolio transfers, regulatory and governance work as well as with-profits life insurance issues. The firm also offers M&A warranty and indemnity insurance capabilities. Practice head Geraldine Quirk is supported by Adam Bogdanor, who supports leading insurers on M&A, Part VII business transfer schemes, reinsurance, schemes of arrangement, conduct of business and management of with-profits funds. Andrew Hart works closely with US clients in connection with their international transactions and on-going EU operations.

Practice head(s):

Geraldine Quirk

Other key lawyers:

Adam Bogdanor; Andrew Hart

Testimonials

‘The team is approachable and collaborative with clients, but also technical experts in the field.’

‘Clients can expect a sharp and smart service provider with a human touch.’

‘Andrew Hart is an exceptional corporate partner who really understands his clients and is always is available when needed.’

 

Key clients

Aspen

Aegon

AIG

Amlin

Liberty (formerly named Ironshore)

Aviva

AXA Insurance (UK) plc

RiskPoint

Berkshire Hathaway

Chubb/Ace European Group

Clal Insurance

CNA Hardy

Enstar

Hampden Plc

Euler Hermes

Lancashire

Randall & Quilter

Sun Life of Canada

AmTrust

Collinson

Work highlights

  • Advised RiskPoint A/S as the warranty and indemnity insurer in connection with the acquisition by GIC Private Markets Pte Ltd (Singapore Sovereign Wealth Fund) of a pan-European logistics portfolio from a fund managed by EQT Exeter, which supplies the chains of major corporations, including “big box” distribution centres and e-commerce fulfilment, representing almost 24 million square feet of land.
  • Advised R&Q Gamma on the acquisition by means of a Part VII transfer of the occupational disease liabilities of UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community.
  • Advised long-term client BGC Partners on the proposed sale of its insurance brokerage division to The Ardonagh Group Limited for $500 million in cash.

DAC Beachcroft LLP

DAC Beachcroft LLP is instructed on a variety of corporate, regulatory, commercial, insurtech and data protection matters for insurance businesses. Practice head Mathew Rutter handles regulatory issues for a wide range of insurers and brokers, while Mark Neville advises on insurance arrangements relating to various jurisdictions in Europe, the Middle East, Asia Pacific and Latin America. Julian Miller is recommended for drafting insurance policies and reinsurance contracts. Charlotte Halford made partner in 2022, supporting clients on commercial matters, data protection and digital insurance.

Practice head(s):

Matthew Rutter

Other key lawyers:

Mark Neville; Julian Miller; Charlotte Halford; Angela Hayes; Joe Bannister

Key clients

AIG

Gallagher

Ardonagh

Bupa

Covéa Insurance

AXA Insurance UK

AXA PPP healthcare

AXA Partners

Ageas Insurance

HSBC Insurance

Allianz

OneAdvent

Marsh

Ecclesiastical

Association of British Insurers

Hiscox

QBE

Work highlights

  • Helped develop and launch the Deposit Unlock loan insurance product with Gallagher Re and the Home Builders Federation as a replacement for the help to buy scheme.
  • Advised AXA Health on its commercial re-negotiations with Saga (the specialist over 50s brand).
  • Advised the Gallagher group on all aspects of the acquisition of the Manchester Underwriting Group.

HFW

HFW handles regulatory issues, corporate matters and M&A for insurance-based clients. The firm is recommended for its work in the Lloyd’s market and insurtech space. Practice head Ashwani Kochhar focuses on corporate insurance and is recognised for the strength of his Lloyd’s practice. William Reddie specialises in both corporate and regulatory insurance matters, including M&A, commercial arrangements and Part VII transfers.

Practice head(s):

Ashwani Kochhar

Other key lawyers:

William Reddie

Testimonials

‘Experience, particularly in snsurance sector for M&A and regulatory.’

‘Apart from their experience, their presentation of legal issues, clauses plus their positive outgoing personalities make them stand out over their competitors.’

‘Exceptional service, will go over and above to make your life easier.’

‘William Reddie is an exceptional insurance lawyer, personable, knowledgeable and has an outstanding commercial perspective.’

‘They’re excellent in relation to legal and regulatory matters, pragmatic and don’t spend more time than needed on work.’

‘William Reddie is an amazing source of knowledge. He cares deeply about his clients and is willing to go the extra mile for them.’

Key clients

The Britannia Steam Ship Insurance Association Ltd (“Britannia”)

Several members of the Munich Re group

Asta Managing Agency Limited

Tindall Riley

Coverys group

HIPCC Limited

Occam Underwriting Ltd

Helodrium Limited and its network of international brokers

Chedid Capital SAL (Holding) (Chedid)

Philip Cunningham/Direct Commercial Limited

Markerstudy

Abry Partners II, LLC

David Ashby Underwriting Limited

Hamilton UK Services Limited

Oman Insurance Company

The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg)

United Kingdom Mutual War Risks Association Limited

Work highlights

  • Advised Britannia on the transfer, by way of a Part VII transfer, of its entire business to an associated entity as part of its Brexit strategy, particularly in relation to the business written in and carried out by its branch in Japan.
  • Advised Markerstudy on its acquisition of the Brightside Group from private equity investor AnaCap Financial Partners

Latham & Watkins

Latham & Watkins supports clients within the corporate insurance space, including matters relating to venture capital, capital markets, M&A and private equity, pensions de-risking and longevity risk transactions. Practice head Victoria Sander handles the breadth of corporate insurance transactional work, including M&A, demutualisations, reinsurance and distribution arrangements. Global private equity vice chair Kem Ihenacho, corporate specialist Beatrice Lo and counsel Simeon Rudin are further key names to note. Carl Fernandes departed for Linklaters LLP in January 2022.

Practice head(s):

Victoria Sander

Other key lawyers:

Kem Ihenacho; Beatrice Lo; Simeon Rudin

Testimonials

‘Victoria Sander has a deep understanding of the sector.’

‘Simeon Rudin has a high degree of experience in structured finance, particularly within an insurance context.’

‘Excellent coordination between teams, both between teams with different specialisms within the same office and between teams with the same specialism internationally, allowing for the delivery of joined-up, comprehensive advice across disciplines and locations.’

‘Responsive, helpful and easy-to-deal with partners and staff, with good availability and accessibility. Scale allows for a high degree of specialism of practitioners with excellent knowledge of their areas. Refreshingly clear opinions delivered.’

Key clients

Rothesay Life

Aviva Life and Pensions

Prudential Assurance Company

Aon

Royal London

Scottish Widows

Domestic & General

Just Group

British Columbia Investment Management Corporation

Phoenix Group

Work highlights

  • Advised CVC Capital Partners on the EUR 585 million acquisition of 90.01% of Ethniki Insurance, Greece’s largest insurer, from the National Bank of Greece.
  • Advised Rothesay Life plc on the reinsurance and acquisition of £12 billion of non-profit annuities from Prudential Assurance Company Limited.

Mayer Brown International LLP

Mayer Brown International LLP is recommended for handling the full gamut of insurance transactional and regulatory work, with particular areas of focus including transatlantic M&A mandates, insurance linked securities and warranty and indemnity issues. The practice operates closely with the firm’s US offices. Practice head Colin Scagell advises on complex M&A within the insurance sector, with expertise in cross-border matters involving Bermuda. Rebecca Bothamley supports the firm’s transactional offering. Devi Shah has extensive experience dealing with insurance-based insolvency and restructurings.

Practice head(s):

Colin Scagell

Other key lawyers:

Devi Shah; Rebecca Bothamley

Testimonials

‘The Mayer Brown team give strong advice based on a large database of deals they have worked on – whilst you know the advice is top-notch, it is also commercial.’

‘Colin Scagell goes the extra mile to explain tricky concepts and provide solid commercial advice, which he combines with a good understanding of the market.’

‘The team has been adept at communicating to us by drawing on other teams expertise within their larger organisation as and where relevant to respond to ever changing environment, regulatory or otherwise, to achieve stated goals.’

‘Rebecca Bothamley is a standout partner in the corporate department.’

Key clients

Argenta Private Capital Limited

Aspen

Athora

Beazley plc

Brit Limited

Enstar Group

EU Lotto

GC Securities

Ontario Teachers’ Pension Plan (OTPP)

R&Q Investment Holdings plc

The Hartford

Tokio Marine

Work highlights

  • Represented Beazley plc in the sale of its US-based “Beazley Benefits” business to Globe Life Inc.
  • Represented The Hartford Financial in the sale of the Navigators European insurance business, to Premia Holdings Ltd, in a highly complex carve out involving four separate transactions, including divesting businesses based in Belgium and the Netherlands to other buyers.
  • Acted for Beazley on its inaugural Rule 144A Cat Bond, which is proposed to be issued by Fuchsia Re Ltd., Beazley’s Bermuda-registered special purpose insurer.

Sidley Austin LLP

Sidley Austin LLP advises on M&A for insurers, reinsurers, brokers, and private equity firms active in the insurance industry. The firm’s London branch is closely integrated with its US offices. Team lead Martin Membery has considerable experience dealing with insurance projects, joint ventures, M&A, distribution arrangements, regulatory matters and structuring insurance policies. James Phythian-Adams was promoted to partner in 2022, handling a variety of matters for (re)insurance companies, (re)insurance intermediaries, Lloyd’s managing agencies and syndicates, as well as investors in the insurance sector.

Practice head(s):

Martin Membery

Other key lawyers:

James Pythian-Adams

Testimonials

‘Outstanding regulatory team’

‘Martin Membery is an exceptional partner. Agile, proactive and commercial, his advice is highly valued across the market.

‘James Phythian-Adams is one of the brightest minds in the regulatory market. He is measured, dedicated and provides valued and pragmatic advice for his clients.’

‘The Sidley team in London is small, but is able to leverage the global multidisciplinary practice – and other teams in London – to bring greater weight than might first be apparent. What they lack in size they more than make up for in depth of knowledge and experience.’

‘Martin Membery continues to be our go to guy in the transactional space and often on regulatory matters too. He offers a deep understanding of the London market, coupled with a pragmatic approach to issues and an ability to deliver practical advice’

Key clients

Altamont Capital

Apollo

Arch

Aspen

Athene

GIC

Gallagher

Lloyd’s

Munich Re

USAA

Work highlights

  • Advised AJG on a $3.25 billion acquisition of the treaty brokerage operations of Willis Towers Watson.
  • Advised Aspen on a loss portfolio transfer (LPT) deal with Enstar valued at over $3 billion.
  • Advised on all non-US insurance regulatory aspects of Athene’s $29 billion merger with Apollo Global Management.

Burges Salmon LLP

Burges Salmon LLP is recognised for its regulatory and corporate M&A work in the insurance space. The team also deals with commercial insurance issues, including advising on outsourcing and the distribution of insurance products. Practice head Matthew Walker focuses on warranty and indemnity policies used in M&A transactions. Tom Dunn, who also leads the funds and financial regulation team, is instructed on financial and insurance services regulatory mandates for FCA and PRA clients. Associate Anna Davis handles insurance regulatory matters.

Practice head(s):

Matthew Walker

Other key lawyers:

Tom Dunn; Anna Davis

Testimonials

‘A very professional and knowledgeable team.’

‘The team have provided us with pragmatic and expert advice and service for a number of years now, within a financial services organisation.’

Key clients

Ecclesiastical Insurance Group

Royal London Group

The Exeter Friendly Society Limited

Financial Services Compensation Scheme

The MAPFRE group (including MAPFRE Asistencia, Abraxas and InsureandGo in the UK)

Lombard International Group

Hodge Limited

Financial Conduct Authority

Shepherd’s Friendly Society

M&G Wealth Advice Limited

Work highlights

  • Advised Hodge Limited on the sale of Hodge Life Assurance Company Limited to RGA Americas Reinsurance Company, Ltd.
  • Advised MAPFRE Asistencia on the sale of InsureandGo to AllClear Insurance Services, as part of a strategy of seeking significant growth.
  • Advised M&G Wealth Advice Limited on the development and launch of its own in-house adviser training programme, called the M&G Wealth Advice Academy.

Cooley (UK) LLP

Cooley (UK) LLP provides regulatory advice to insurers, brokers, policyholders, and trade bodies, on issues relating to restructuring, business conduct and insurance contract wordings. Senior counsel Richard Hopley is instructed on matters relating to the restructuring of insurance and reinsurance portfolios, while fellow senior counsel David Kendall handles the full gamut of insurance work, including coverage, delegated authorities, run-off and insolvency issues.

Other key lawyers:

David Kendall; Richard Hopley

Testimonials

‘Cooley LLP’s London insurance team stands out from its competitors due to the breadth and depth of knowledge and experience, and familiarity with the insurance market, across the whole team.’

‘David Kendall is one of the most experienced and knowledgeable insurance and reinsurance lawyers in London. What he doesn’t know about insurance and reinsurance isn’t worth knowing!’

‘Richard Hopley stands out for his vast experience of insurance and reinsurance litigation and his ability to master complex and difficult cases.’

Key clients

Ambridge Partners

FM Global

Municipal Mutual Insurance (MMI)

The Lloyd’s Market Association (LMA)

The Mediterranean Insurance and Reinsurance Company Limited (Med Re)

Work highlights

  • Advised Municipal Mutual Insurance Limited (MMI)  on its ability to recover UK employers’ liability claims on its reinsurance programme covering the period 1950-1990, and the way in which it should seek to recover these claims.
  • Advised the Lloyd’s Market Association on the £800m government-backed “UK live events reinsurance scheme”, protecting forthcoming live events across the country that were at risk of being halted or delayed due to the inability to obtain COVID-19 event cancellation insurance.
  • Advised Ambridge, a leading underwriter of transaction insurance, on over 20 transactions involving warranty and indemnity and tax indemnity insurance during 2021.

DLA Piper

DLA Piper operates across the breadth of transactional, commercial and regulatory insurance space. Key areas of focus include regulatory issues, warranty and indemnity insurance, pensions de-risking, insurtech and sanctions. Leon Taylor fronts the practice and is supported by Amrit Mclean, who leads on pensions de-risking matters. Anthony Day and legal director Jonathan Clarke are also recommened, with the latter noted for handling insurance sector transactions, including bancassurance and warranty and indemnity deals. Former practice head Melanie James and fellow partner Tim Baumgartner departed for Willkie Farr & Gallagher (UK) LLP in 2022.

Practice head(s):

Leon Taylor

Other key lawyers:

Amrit Mclean; Anthony Day

Testimonials

‘Jonathan Clarke stands out as motivated to help DLA clients and make sure they obtain the service and advice they require.’

‘The DLA team actively collaborate across territories and practices to provide a timely and professional outcome for us as a client. This has been largely driven and co-ordinated by Jonathan Clarke who takes a personal interest in excellent delivery.’

Key clients

Abrdn

Aegon

Aetna

AIG

AON

Arag

Arch

Athora

Aviva Plc & Aviva Ventures

AXA

Brit Global Speciality

Brockwell Capital

Carrick Speciality Holdings

Compre

Crawford & Company

DARAG

Euclid

Everest Re

FM Global

Fosun

Generali

Hannover Re

Liberty Specialty Markets

Liverpool Victoria (LV)

Marsh & McLennan Company Inc

MS Amlin

Munich Re (HSB/Munich Re)

Nexus Underwriting

Optio

Pension Insurance Corporation

Phoenix Group

Rothesay Life Plc

Royal London

Standard Life

Starstone

Scottish Friendly

Scottish Widows

Society of Lloyds

The Trustees of Royal Insurance Group Pension Scheme

Themis

Tokio Marine HCC

Work highlights

  • Advised Pension Insurance Corporation plc, a specialist insurer of defined benefit pension funds, on its £2.2 billion pension insurance buy-in with the trustee of the Metal Box Pension Scheme, guaranteeing the benefits of the Scheme’s 10,300 pensioners and 2,200 non-pensioner members.
  • Advising Euclid Transactional Brockwell, Themis Underwriting, ICEN Risk, Hamilton, Liberty, ARCH, Everest RE, Nexus and Optio on a large number of number of W&I transactions in the past calendar year.
  • Advised Aviva on its GBP 900m bulk purchase annuity transaction in July 2021, with the Kingfisher Pension Scheme.

DWF

DWF is appreciated within the corporate insurance space for handling M&A and regulatory advice, as well as matters relating to financial crime. Practice head Jonathan Drake joined from Womble Bond Dickinson (UK) LLP in 2021, with expertise in PRA, Lloyd’s regulatory issues, insurance policy wordings, run off and restructurings (including Part VII transfers). Co-head Mel Sims has developed the firm’s non-contentious M&A insurance offering. Justin Edgar is another key name to note.

Practice head(s):

Jonathan Drake; Mel Sims

Other key lawyers:

Richard Burger; Justin Edgar; Raeesa Chowdhury

Testimonials

‘DWF is building out a great team, particularly on the regulatory side, with relatively recent recruit Jonathan Drake.’

Richard Burger is a highly respected figure in the London insurance market.’

‘Richard Burger has a wide and loyal client base which is richly deserved, as he is an exceptional lawyer and an outstanding professional. Richard is highly regarded across the London and Lloyd’s insurance markets, where he is considered as preeminent in his field. Richard is incredibly smart, hard-working and dedicated. He is tenacious in securing the best outcome for his clients, and his regulatory expertise is second to none.’

Key clients

Randall & Quilter II Holdings Limited

PSC Insurance Group Limited

Ataraxia 8 Limited

PSC UK Holdings Limited

Costero Holdings Limited

Turner Financial Services Limited

Global Risk Partners

Ataraxia Broking Limited

Carroll Holman

Canopius Managing Agents

MultiStrat Re

Work highlights

  • Acted lead counsel to Randall & Quilter on a number of M&A transactions during the period following its first instruction on the acquisition of Inceptum Insurance Company Limited in 2020.
  • Acted as leading counsel for ASX-listed PSC Insurance Group Limited on a further two transactions in 2021, being the acquisitions of: 1) Abaco Insurance Brokers Limited; and 2) Trust Insurance Services Limited.
  • Acted for US client, Corvus Insurance Holdings, Inc., on its acquisition of Tarian Underwriting Limited.

Shearman & Sterling LLP

Shearman & Sterling LLP's London team has noted expertise with regards to on insurance regulatory matters, M&A, finance and antitrust. The team is also well-regarded for its advice to insurers on Brexit-related issues. Department head Barney Reynolds advises insurance-based clients on new UK/EU regulatory laws, business structures and new services and products. Thomas Donegan and Nick Withers are also key individuals within the department.

Practice head(s):

Barney Reynolds

Other key lawyers:

Thomas Donegan; Nick Withers

Key clients

Blackstone Credit

Fairfax

Sompo Holdings

ADNOC

ICE Clear Europe

RiverStone Holdings Limited

SS&C Technologies

Santander Bank Polska

International Finance Corporation

The Public Investment Fund

Abu Dhabi Global Market

Work highlights

  • Advised Fairfax Financial Holdings Limited on the corporate and regulatory aspects of the sale of a stake in Brit Insurance to OMERS.
  • Advised Fairfax Financial Holdings Limited), together with certain of its controlled affiliates on the corporate and regulatory aspects of the sale of the entire issued share capital of RiverStone to CVC Capital Partners, for a purchase price of approximately USD 1.35 billion.
  • Advised International Finance Corporation in connection with its equity investment in Holmarcom Insurance Activities, the insurance arm of Holmarcom Group.

Stevens & Bolton LLP

Guildford's Stevens & Bolton LLP advises insurance brokers on transactional matters, insurers on agreements with technology companies, insurtech providers on their terms of business and insurance groups on their global GDPR compliance strategies. Practice head Gary Parnell is well-versed in providing commercial insurance advice, while David Steinberg focuses on restructurings within the insurance sector. Joe Bedford and Jenny Robertson are further key members of the team.

Practice head(s):

Gary Parnell

Other key lawyers:

David Steinberg; Joe Bedford; Jenny Robertson

Testimonials

‘We have worked with the team now for a number of years. They know what we want and why we want it, they know our structure and the essence of how we function.’

‘Solid commercial advice and excellent deal execution. We value the pragmatic advice, attention to detail and relationship with Joe Bedford and the team.’

Joe Bedford and Krishna Patel provide an excellent service. They are both responsive, reliable and a safe pair of hands for steering corporate deals.’

Key clients

AllClear Ltd/Insure & Go

Allianz Insurance plc

The Ardonagh Group

HUB Financial Solutions Ltd

The administrators of East West Insurance Company Ltd

Jersey Mutual Insurance Society

Just Retirement Management Services Ltd

Medical & Commercial International Ltd

The administrators of The Home Insurance Company

Unum Ltd

Work highlights

  • Advised Atlanta Group on its acquisition of certain trade and assets of personal lines insurance broking brand Be Wiser.
  • Advised Atlanta Group on its acquisition of Marmalade.
  • Advised Insure&Go on its insurance affinity partnership with Asda in relation to specialist travel insurance.

Carter Perry Bailey LLP

Carter Perry Bailey LLP, a boutique insurance and reinsurance firm, handles transactional, regulatory and compliance matters for insurance clients. Specifically, the practice drafts and advises on the wordings of insurance policies and reinsurance contracts. Stephen Carter oversees the team, while Bernadette Bailey, Helen Tilley and consultant Anthony Rose are also recommended.

Practice head(s):

Stephen Carter

Other key lawyers:

Bernadette Bailey; Helen Tilley; Anthony Rose

Testimonials

‘Any party wishing for a great legal team focused on the insurance, reinsurance and broking industry would be wise to consult with Stephen Carter and his colleagues. Their combined knowledge of the industry and the participants in it, enables them to best assist clients with expert legal advice.’

‘An excellent team with a great disposition, charming, positive and determined. Stephen Carter demonstrates great client empathy, attention to detail and a strong resolve to achieve the very best outcome for the client.’

‘The team combine years of experience with excellent knowledge of the law (which, of course, should be expected) but combine it with practical, commercial nous that has been invaluable.’

‘What Stephen Carter doesn’t know about litigation within the insurance and reinsurance market, probably isn’t worth knowing.’

‘Bernadette Bailey continues to impress.’

‘Anthony Rose, a true scholar, has outstanding knowledge of corporate matters.’

Key clients

Community Re

G-Force Insurance Brokers

Patria Re (Mexico)

Ayax Suscripción de Riesgos SL

Litmus Analysis Limited

NDI Insurance Brokers

Lime Street Broking Group

Pardus Underwriting

Helodrium Limited

NPA Insurance Company

Work highlights

  • Advised the investors in an insurance company on structures and regulatory issues involved in the start-up.
  • Acted for UK owners of a UK broker in its sale to new overseas owners.
  • Acted for owners of a Lloyd’s broker in its sale.

Stephenson Harwood

Stephenson Harwood acts for regulated businesses in the insurance sector, particularly for insurance brokers. The firm supports clients on corporate M&A, regulatory and governance matters. Sam Gray heads the practice, handling a wide-range of non-contentious transactional insurance work, including domestic and cross-border transactions.

Practice head(s):

Sam Gray

Key clients

CLS

Lucida Broking Holdings Limited (formerly Right Choice Insurance Brokers Ltd)

The Ardonagh Group Limited

Arthur J. Gallagher & Co

Jencap Group LLC

Work highlights

  • Advised the management team of BGC Partners’ insurance broking operations, Corant Global (which includes both the Ed Broking and Besso businesses), on its sale for headline cash consideration of US$500 million to The Ardonagh Group.
  • Advised Lucida Broking Holdings Limited (formerly Right Choice Holdings Limited) on the acquisition of Caerphilly-based broking house Moorhouse Group Holdings Ltd.
  • Advised CLS on the sale of CLS Risk Solutions to insurance intermediary Specialist Risk Group.