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Reorganising or Expanding

We are one of the leading providers of corporate services to insurance sector clients. Whatever your plans for developing your business, we will provide you with practical advice and solutions.

Key Contacts

Other key Reorganising or Expanding contacts

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:

  • Acting for Canada Life on the acquisition of the £875m non-profit annuity business from Equitable Life and the subsequent Part VII insurance business transfer
  • Acting for the UK insurance subsidiaries of Genworth Financial Inc. on its intra-group Part VII insurance business transfer to relocate long-term insurance business within the group
  • Acting for RSA on the 100% quota share reinsurance and subsequent Part VII insurance business transfer from Harworth Insurance Company, the UK Coal industry’s captive insurer
  • Acting for Sterling Insurance Group's shareholder, Nicholas Cooper on the sale of the Sterling Insurance Group business to Covéa, the French mutual insurance group
  • Acting for Reliance Mutual Group on the sale of its non-core general insurance subsidiary to the Bermuda based investment manager of Armour Group
  • 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