08 Sep 2020 | 10:26 am |
Multinational law firm Pinsent Masons has won Insurance Team of the Year at the Legal Business Awards 2020 for its role advising Royal London on its Brexit strategy and the implementation of a cross-border reorganisation of part of its business.
Led by insurance partner and Head of Corporate for the Financial Services sector, Hammad Akhtar, the firm advised the mutual on the implementation of its Brexit strategy which involved a £1bn transfer of legacy Irish, German and other business from the mutual to a newly formed Irish subsidiary, Royal London Insurance DAC.
As part of the transaction, the majority of the transferred business has been reinsured back to the UK-based mutual. The strategy enabled Royal London to service EU-based policyholders in the event of a no-deal Brexit should 'passporting rights' be scrapped.
Commenting on the win, Hammad Akhtar said: "I have worked closely with Royal London for a number of years, supporting the business on several strategically important landmark initiatives.
"This particular project was a critical element of Royal London's response to Brexit, safeguarding its business and customers in the event of a no-deal Brexit. As the impact of the pandemic and Brexit continues to dominate the agenda for many of our clients, we will continue to work with the insurance industry to find practical, commercial solutions that future proof their day-to-day business activity."
The team at Pinsent Masons included insurance partner Matthew Brewer, banking partner Nick Gavin-Brown and regulatory partner Iain Sawers.
Key Contacts
Multinational law firm Pinsent Masons has advised Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Multinational law firm Pinsent Masons has been announced by Business in the Community as one of The Times Top 50 Employers for Gender Equality in 2025. This year’s list marks the sixth time that the firm has been recognised for its commitment to embedding gender equality into all levels of the organisation.
International law firm Pinsent Masons has seen a number of its recommendations enacted following its response to EIOPA's consultation on cloud guidance, making it easier for insurers to comply with their regulatory requirements.
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]