Pinsent Masons advises on the sale of Sterling Insurance Group to Covéa

05 Dec 2014 | 08:54 am | 1 min. read

International law firm Pinsent Masons has advised Sterling Insurance Group's shareholder, Nicholas Cooper on the sale of the Sterling business to Covéa, the French mutual insurance group. The sale is subject to regulatory approval. Working alongside, DMH Stallard, the corporate lead law firm for the vendor, Pinsent Masons provided the insurance regulatory, pensions and tax advice.

Sterling Insurance Group is a UK insurance group that operates across a number of different specialist market sectors. Sterling underwrites and administers a range of life and general insurance products and specialises in niche areas within markets where it can demonstrate its expertise.  Sterling’s business partners range from high street brokers to the UK's leading retail banks and financial institutions.

Covéa is a leading French mutual insurance group, writing €15.5bn of premiums in 2013.  It is one of the largest insurers in France, providing a wide range of life and non-life insurance products through three major brands - GMF, MAAF and MMA - and also operates in a number of other countries, including Italy and the US. 

The Pinsent Masons team advising on the deal was led by insurance partner Bruno Geiringer with assistance from Nick Stones and Helen Geeson (pensions) and Karen Davidson and Andrew McCarthy (tax) and Chris Riach (insurance).  The DMH Stallard team was led by Jonathan Deverill, partner and London head of corporate, and included DMHS colleagues Sarah Quinnell, Rishi Solan and Colin Calvert.

Bruno Geiringer said “We were delighted to bring our Insurance sector expertise to the table and work alongside DMH Stallard and Graham Rivers-Moore, the Sterling in-house lawyer, as colleagues on the deal and to successfully bring the deal to signing for the vendor in such a short time frame.  We are seeing an increasing trend of inwards investment from Europe into the UK insurance industry and this fits well with our international capabilities and presence in France and Germany.”       

 

Latest press releases

Show me all press releases

Pinsent Masons hires senior finance partner Nick Tostivin to lead its Finance team in London

Multinational law firm Pinsent Masons has appointed partner Nick Tostivin to join its rapidly expanding financial services team in London, where he will lead the Finance team.

Pinsent Masons recognised in China Business Law Journal's Deals of the Year 2023

Multinational law firm Pinsent Masons has been recognised in the Projects Deal of the Year category of the China Business Law Journal’s (CBLJ) Deals of the Year 2023 list for the firm’s work on the landmark NEOM Smart City Project in Saudi Arabia.

Pinsent Masons advises Bestinver Infra, FCR on acquisition of remaining shares in Irish toll road concession & operation companies

Pinsent Masons has advised Bestinver Infra, FCR on the acquisition of the remaining shares in N6 (Concession) Holdings Limited and N6 (Operations) Ltd, with Japanese co-investor Daiwa Energy & Infrastructure Co. Ltd.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Bestinver Infra, FCR on acquisition of remaining shares in Irish toll road concession & operation companies

Pinsent Masons has advised Bestinver Infra, FCR on the acquisition of the remaining shares in N6 (Concession) Holdings Limited and N6 (Operations) Ltd, with Japanese co-investor Daiwa Energy & Infrastructure Co. Ltd.

Pinsent Masons advises Sandoz on acquisition of remaining shares in Rowex Joint Venture

Multinational law firm Pinsent Masons has advised Sandoz on the acquisition of the remaining shares in Rowex Limited, a joint venture in Ireland between Sandoz and Rowa Pharmaceuticals.

PM implement emissions programme for supply chain

Multinational law firm Pinsent Masons is launching a free, comprehensive net-zero programme for its small and medium-sized enterprise SME suppliers to help them reduce greenhouse gas emissions through science-based targets.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.