Hammad Akhtar
Partner
Hammad specialises in advising insurers, reinsurers and other financial institutions on corporate transactions such as M&A and reorganisations that, on occasion, involve Part VII transfers and schemes of arrangements.
Hammad's experience
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Advised Southern Rock Insurance Company Limited and Alwyn Insurance Company Limited, subsidiaries of Arch Re, on the successful completion of an insurance business transfer under Part VII of the Financial Services and Markets Act 2000.
- United Kingdom; Gibraltar
- Financial Services
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Advised Scottish Friendly, a Life & Investments Provider on its proposed merger with OneFamily, a combination that would create one of the UK’s largest mutual life assurance groups with 2.3 million members and nearly £10 billion in assets under management.
- United Kingdom
- Financial Services
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Advised Foresters Friendly Society, a mutual insurance provider on the proposed transfer of its UK insurance business to Shepherds Friendly.
- United Kingdom
- Financial Services
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Royal London Mutual Insurance Society on three schemes of arrangement concerning its with-profits fund consolidation programme
- United Kingdom
- Financial Services
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Advised Wesleyan Assurance Society on its sale of Wesleyan Bank Limited and subsidiaries to Hampshire Trust Bank plc, subject to regulatory approval.
- United Kingdom
- Financial Services
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Advised Royal London on its Brexit reorganisation which involved the transfer of Irish insurance business to a new group regulated insurer in Ireland, and advise on a complex reinsurance and collateral arrangement in respect of part of the transferred business.
- £1bn
- Cross-border
- Financial Services
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Advised O2 on the termination of its joint venture with DSG and the sale of part of the business to Link Stores Limited.
- United Kingdom
- Technology, Science & Industry
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Pearl Group on the intra-group transfer of part of the with-profits insurance business of National Provident Life Limited to Pearl Assurance plc, by way of a Part VII transfer.
- United Kingdom
- Financial Services
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Acted for an international payments provider on a major reorganisation of its UK business.
- £18bn
- United Kingdom
- Financial Services
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Advised Canada Life on a long-term reassurance agreement, without provision for an insurance business transfer, with a large UK counterparty.
- United Kingdom
- Financial Services
Credentials
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2017Joined Pinsent Masons
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2013Ashurst LLP, Partner
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2002Herbert Smith LLP, Partner
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2002Qualified - England and Wales
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1998College of Law – LPC
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1997College of Law – CPE (Law)
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1996University of Glasgow – MA (Hons) Economic and Social History/Management Studies
Out-Law / Insight by Hammad Akhtar
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