Corporate/Mergers and Acquisitions
We are pre-eminent providers of legal advice in the corporate and M&A field. In the insurance sector, this expertise is supported by the specialist knowledge of our insurance practitioners.
We advise our insurance clients on all aspects of M&A work. In recent years we have been particularly active in deals involving consolidation within the life insurance sector, including the acquisition of closed funds. Other recent trends have included the increasing presence of private equity groups in the market. We have a track record of advising on acquisitions in the Lloyd’s sector.
Our experience of advising on complex domestic and cross-border M&A transactions makes us particularly well placed to advise on public takeovers and mergers in the insurance sector and we have been involved in a number of the most high profile deals over the past few years.
Our key experience includes advising:
Brit plc on its recommended takeover by FFHL Group.
Catlin on its recommended cash and share acquisition by XL Group.
Direct Line on the sale of its international division to Spanish insurance company Mapfre.
Flagstone Re on its acquisition of Marlborough Underwriting Agency Limited, the managing agent for Lloyd’s Syndicate 1861 (a Lloyd’s syndicate underwriting a specialist portfolio of short tail insurance and reinsurance), from the Berkshire Hathaway Group.
Old Mutual on the sale of its Nordic business to Skandia Liv for SEK22.5 billion (£2.1 billion) in cash. The Nordic business includes one of the largest life assurers in Sweden.
Prudential on its proposed acquisition from AIG of AIA, a leading life insurance organisation in Asia Pacific and on Aviva’s proposed offer.
QBE on its acquisition of Secura, a Belgian reinsurance subsidiary of the KBC Group specialising in European non-life and life reinsurance.
Reassure on the acquisition of the UK pension business of HSBC Life.
Resolution on its recommended acquisition of Friends Provident.
Standard Life on the disposal of its Canadian business.