Our international insurance and reinsurance team specialises in both contentious and non-contentious insurance and reinsurance work, acting for major international and domestic insurers and reinsurers, and intermediaries.
Our recent experience reflects industry trends and includes:
- regulatory review of industry practices;
- the acquisition of books of annuity business;
- the acquisition of insurance portfolios;
- the acquisition of closed funds;
- disposal of other non-core assets;
- the creation of broad distribution arrangements;
- structured financings of insurance businesses;
- financings ahead of new industry capital requirements;
- finality solutions for run-off portfolios; and
- insolvencies and restructurings.
A selection of our recent experience includes advising:
- Equitas on its deal with Berkshire Hathaway to reinsure all Equitas' liabilities and provide up to a further US$7bn of reinsurance cover;
- Fortis Bank on its US$453m purchase of a controlling 50.48 per cent stake in Hong Kong's Pacific Century Insurance;
- Prudential on the acquisition of a number of books of annuity business from Royal & Sun Alliance and Royal London;
- Kontrakt Sofia on the sale of 70 per cent of DZI Insurance, Bulgaria's leader in life and non-life insurance, to KBC, the listed Belgium financial group;
- Zurich Financial Services on the restructuring of its UK general insurance business by way of a Part VII portfolio transfer involving transfers from six UK companies and liabilities of approximately £1.8bn;and
- IXIS Corporate & Investment Bank as arranger in the groundbreaking €200m securitisation of a portfolio of automobile insurance risks.
For more information please contact Jeremy Barton, business development manager.
News
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Briefings
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Contact
- Jeremy Barton
- Business development manager
