Reorganising or Expanding

Working closely with in-house legal and compliance, or as part of a project team, we regularly assist clients on:

• Sales, mergers and acquisitions of insurance and reinsurance companies, brokers and other intermediaries
• Insurance business transfers under Part VII of FSMA 2000
• Transfers of renewal rights
• Outsourcing /offshoring
• Insurance sector joint ventures
• Initial public offerings and capital raisings
• Exit strategies, including commutations and solvent and insolvent schemes of arrangement

Whatever the nature of the transaction, our insurance sector specialists in regulation, competition, employment, tax and outsourcing will provide the expertise you need to make fully informed decisions, whether at strategic or operational level.

Recent examples of our work

Recent examples of our work include:

• Advising Aviva plc on the acquisition of Hamilton General and Hamilton Life Insurance companies from HSBC plc
• Advising AXA UK on its acquisitions of swiftcover.com, Thinc Destini and SecureHealth
• Advising RBS Insurance on the transfer of the entire general insurance business of Privilege Insurance Company Limited to Direct Line Insurance under Part VII of FSMA
• Advising Aviva Group on the acquisition of Gresham Insurance Company Limited from Legal & General and Barclays
• Advising AXA UK on the acquisition of insurance brokers Smart & Cook, Stuart Alexander and Layton Blackham
• Advising Countrywide Assured Group plc on the £545 million de-merger of its life and non-life businesses, a return of capital to shareholders and the new listing on the Official List of Countrywide plc (mortgage products and financial services) and Chesnara plc (life assurance)

Examples of competition and outsourcing work