Pinsent Masons advises Arch Re on cross-border insurance business transfer
01 Dec 2025 | 09:10 am |
Multinational law firm Pinsent Masons has advised two subsidiaries of Arch Re – Southern Rock Insurance Company Limited (Southern Rock) and Alwyn Insurance Company Limited (Alwyn) – on the successful completion of an insurance business transfer under Part VII of the Financial Services and Markets Act 2000.
The transfer, which is scheduled to take effect on 31 December 2025, will move Southern Rock's remaining claims and expired policies to Alwyn. Both companies are Gibraltar-incorporated subsidiaries of Arch Re.
Alongside the UK Part VII process, Southern Rock will also transfer its Gibraltar business to Alwyn under Part 23 of the Financial Services Act 2019 (Gibraltar).
The Pinsent Masons team advising on the Part VII transfer was led by Partner Peter McCusker, with support from Partner Hammad Akhtar and Associate Priyanjoli Bose. ISOLAS LLP advised on the Part 23 Transfer in Gibraltar, with the team led by Partner Christian Caetano.
Pinsent Masons Partner Peter McCusker commented: “This transaction highlights the post-Brexit complexity of transferring UK insurance business between Gibraltar based carriers. Successfully navigating the Part VII and Part 23 regimes required close collaboration with regulators and advisers in both jurisdictions.”
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons advises on £230m plus Penta Real Estate and Staycity Group London aparthotel joint venture
Multinational law firm Pinsent Masons has advised Penta Real Estate on its investment into a landmark £230 million-plus joint venture with Staycity Group and advised the joint venture on the financing arrangements for the development, which will deliver a 350-room Wilde aparthotel in the heart of London's Farringdon district.
Pinsent Masons advises industrial manufacturers PROXMUS and Promus on the sale of their businesses to CGH Group
Multinational law firm Pinsent Masons has advised manufacturing companies PROXMUS and Promus on the sale of their businesses to CGH Innovation, one of Europe’s leading manufacturers of steel tanks and a portfolio company of H.I.G. Capital, a global private equity firm headquartered in Miami.
Pinsent Masons appoints first Co-Heads of Innovation and Transformation
Multinational law firm Pinsent Masons has appointed Head of Commercial, Clare Francis and Head of Restructuring, Stacey Bairner as its first Co-Heads of Innovation and Transformation, accelerating the firm's existing focus on embedding innovation into service delivery.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons supports SGE on joint venture project for the development of small modular reactors
Multinational law firm Pinsent Masons has advised SGE on entering into a shareholders’ agreement with ZE PAK concerning the establishment of PAK BWRX. The company’s purpose will be to develop and operate six reactors using BWRX-300 technology, with a combined capacity of 1.8 GW.
Pinsent Masons advises Erste Group Bank
Multinational law firm Pinsent Masons advised Erste Group Bank and Erste Bank Polska on an investment loan granted to Eastnine, a company listed on Nasdaq Stockholm.
Pinsent Masons advises the Trustee of the Arco pension scheme on £135m transfer to Clara Pensions
Multinational law firm Pinsent Masons has advised the Trustee of the Arco Group Pension and Life Assurance Scheme on its £135 million transfer to Clara Pensions.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]