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 bolsters its Competition, EU & Trade Group with appointment of Hans Jürgen Meyer-Lindemann in Düsseldorf

Pinsent Masons continues to expand its Competition, EU & Trade Group, with the appointment of competition law specialist, Prof. Dr. Hans Jürgen Meyer-Lindemann, as a partner in the Düsseldorf office.

Pinsent Masons advises HZI on its first Energy from Waste Plant in Australia

International law firm Pinsent Masons has advised HZI on the development of the A$511 million East Rockingham Resource Recovery Facility in Western Australia

Pinsent Masons advises Redington on deal from Phoenix

International law firm, Pinsent Masons, has successfully advised the founders and management of Redington, the independent institutional investment consultant, on an investment deal from Phoenix Equity Partners, a leading UK mid-market private equity firm.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Zurich on the sale of its UK Retail Wealth business

International law firm Pinsent Masons has advised Zurich, the global insurance provider, on the sale of its UK Retail Wealth business to Embark Group.

Pinsent Masons advises SR Smith on its acquisition of Sunbather

International law firm Pinsent Masons has advised S.R. Smith on the acquisition of Sunbather.

Pinsent Masons appoints new partner to enhance property and real estate expertise in France

Pinsent Masons has hired real estate expert Denis Charles, as partner in its Paris office.

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