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RPC

TOWER BRIDGE HOUSE, ST KATHARINE'S WAY, LONDON, E1W 1AA, ENGLAND
Tel:
Work 020 3060 6000
Fax:
Fax 020 3060 7000
DX:
600 LONDON CITY
Email:
Web:
https://www.rpc.co.uk

Matthew Griffith

Tel:
Work +44 (0)20 3060 6382
Email:
Web:
www.rpc.co.uk/people/matthew-griffith
RPC

Work Department

Corporate Insurance & Financial Services

Position

Partner. With a wealth of experience gained over more than 20 years, Matthew is a corporate, commercial and regulatory lawyer who focuses on the insurance and financial services sectors. Matthew supports clients on a broad range of transactional, commercial and regulatory matters. He is an independently recognised leader in the insurance market and advises clients on acquisitions, disposals, business transfers (including Part VII transfers), product distribution arrangements, commercial contracts, restructuring projects, corporate governance and regulatory matters.  Before joining RPC, he gained substantial in-house legal and commercial experience as Corporate General Counsel and a member of the Senior Leadership Team at Worldpay.

Career

Ashurst (1994-2004); Pinsent Masons, Partner (2004-2010); Sidley Austin, Partner (2010-2012); Worldpay, General Counsel - Corporate (2012-2015); RPC, Partner (2015 to date)

Education

University of Southampton, LLB (Hons), Law (1990-1993); College of Law, Guildford – LPC (1993-1994)


London: Corporate and commercial

M&A: lower mid-market deals, £50m-£250m

Within: M&A: lower mid-market deals, £50m-£250m

RPC 's ’s ‘quick, well-equipped’ team is ‘very committed to meeting deadlines’. The firm has acted on a number of high-profile transactions in the retail and technology spheres, with Nigel Collins acting for Hitachi on the acquisition of Temple Lifts and Karen Hendy acting as lead advisor to Sports Direct International on its disposal of the sportswear brand Dunlop and related wholesale business for $137.5m to Sumitomo Rubber Industries. Hendy also advised Dialog Semiconductor on its share buyback programme, split into €38m and €75m tranches. The team remains strong in the insurance sector, with James Mee and private equity specialist David Wallis acted as lead counsel to Citynet Insurance Brokers, as well as its management and selling shareholders, on the sale of the broker to Carlyle-backed PIB Group. Insurance sector expert Matthew Griffith has previously assisted Jardine Lloyd Thompson Group with the sale of Thistle Insurance Services to PIG Group. Anthony Shatz and senior associate Paul Jenkins are ‘quick thinkers’ with ‘very good people skills’.

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London: Insurance

Insurance: corporate and regulatory

Within: Insurance: corporate and regulatory

As well as being among a select group of firms which have a reputation for advising on the regulatory and transactional aspects of business at Lloyd's, RPC has an integrated team, led by Mark Crichard, which advises insurance clients on their developing technology needs and on both technology and business outsourcing. This is part of what makes the firm ‘particularly commercial and responsive’, as well as demonstrating its ability ‘to show good initiative’ in the market. ‘Very capable and bright’ practice head James Mee is ‘a pleasure to deal with’, and acted as lead counsel to Citynet Insurance Brokers on its sale to Carlyle-backed PIB. Another key highlight for the firm was Matthew Griffith's advice to QBE and Compre on the Part VII transfer of QBE’s share of the Ridgwell Fox & Partners pool legacy reinsurance business to a Finnish member of the Compre group.

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Insurance: insolvency and restructuring

Within: Insurance: insolvency and restructuring

The combination of RPC's legal business with its consulting arm gives it a broad service offering and deep understanding of the insurance market. Between them, Vivien Tyrell and Matthew Griffith, who co-head the practice, have over 50 years' experience advising in this area, while RPC Consulting partner Jonathan Broughton is a PRA-approved independent expert for Part VII transfers, a particular area of expertise for the firm. An example of this kind of work is the team's advice to QBE and Compre on the Part VII transfer of QBE’s share of the Ridgwell Fox & Partners pool legacy reinsurance business. Other key areas of work include loss portfolio transfers; insurance exit mechanisms, particularly in the run-off field; and providing general assistance to insurers which have discontinued business.

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London: Risk advisory

Corporate governance

Within: Corporate governance

Reflective of RPC's credentials in the corporate governance sphere, its multidisciplinary team includes partners and associates with experience of serving as general counsels, financial regulators and independent non-executive directors. It has expertise in a broad scope of contentious and non-contentious issues, including gender pay gap analysis, board effectiveness reviews, remuneration policies, company culture and internal investigations. It also provides support on the preparation of Modern Slavery statements. Clients include retailers, financial services and insurance sector firms, and multinational corporates. The firm was appointed to the FCA's Skilled Persons Panel in 2017, and has been approached to provide skilled persons reports on the governance and culture of asset managers and banks. Complementing its core legal advice, the firm is also actively engaged with industry players and influencers, such as Business in the Community and Tomorrow's Company. Jeremy DrewPatrick Brodie and Matthew Griffith head up the team.

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Legal Developments by:
RPC

  • Cancelling insurance: insolvency and downgrade clauses

    One of the most common concerns for both parties to an insurance contract (including reinsurance) is that the other party might become insolvent and unable to perform its obligations under the contract. Both insurer and insured will therefore wish to have the right to cancel the insurance mid-term in the event of the other party’s insolvency, or a change in its financial circumstances that makes its insolvency a more likely prospect in the near future.
    - Reynolds Porter Chamberlain LLP

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