Recent work
Tom is a partner in our Corporate Group and a member of our Financial Institutions Group. He has a broad corporate, commercial and transactional practice supporting financial institutions, with a particular focus on the insurance sector. This covers M&A, corporate reorganisations, insurance and reinsurance arrangements, de-risking transactions, portfolio transfers, insurance regulation and general corporate advice. Tom is recognised in Chambers ('Insurance: Non-Contentious', Band 4) and Legal 500 ('Insurance: Corporate and Regulatory', Next Generation Partner).
He has advised:
- Aviva on:
- the acquisition of AIG Life Limited from Corebridge Financial
- its strategic response to COVID-19 business interruption matters
- various risk transfer and reinsurance transactions, including the £5bn de-risking of the Aviva Staff Pension Scheme
- Legal & General on:
- risk transfer transactions including its £4.6bn buy-in with Ford pension schemes and its £4.8bn buy-in with the Boots pension scheme, and its £1.7bn buy-in with the UBS pension plan
- various longevity and funded reinsurance transactions
- the sale of its mature savings business to Reassure
- Prudential on:
- the demerger of its UK & Europe business (now M&G plc)
- its US$2bn share buyback programme
- Allianz on its acquisition of the general insurance business of Legal & General
- Zurich on aspects of its recommended acquisition of Beazley plc
- Pension Insurance Corporation on reinsurance arrangements
- Natwest on its acquisition of Evelyn Partners, a leading UK wealth management business
- Arrow Global on the launch of Arrow Global Insurance, including the establishment of Halldora Re
- Pollen Street Capital and its portfolio company Markerstudy on bolt-on acquisitions of BGL Insurance, Lloyd’s broker Clegg Gifford & Co and insurer Tradex
- corporates on significant risk transfer transactions, including:
- Intact on the £6.5bn derisking of RSA’s two main defined benefit pension schemes with PIC
- Tata Steel on derisking transactions of the British Steel Pension Scheme totalling £7.5bn with Legal & General
"Thomas is a sophisticated, calm and organised thinker who keeps the client's point of view front of mind. He is a talented, patient communicator and simplifies complex matters beautifully." Chambers UK 2027
"Thomas is a fantastic lawyer. He approaches transactions with a level head and navigates complexity with ease." Chambers UK 2027
"He is very bright, very approachable and easy to work with." Chambers UK 2027