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:
Allianz on its acquisition of Legal & General Insurance, the general insurance business of Legal & General Group
Athora on the proposed acquisition of VIVAT N.V’s life and asset management business from Anbang
Convex a specialty property and casualty insurance start-up on a $1.8 billion equity investment by funds led by private equity firm Onex
esure in connection with the £1.2 billion takeover offer made by Blue (BC) Bidco Limited, a wholly owned subsidiary of funds advised by Bain Capital Private Equity, LP and its affiliates
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
FWD Group on its acquisition of SCB Life Assurance from Sian Commercial Bank (Thailand) for approx. US$3 billion
the management sellers on the sale by Carson Capital and management of the Barbican Insurance Group to Arch Reinsurance
Marsh & McLennan on the approx. £4.3 billion recommended cash acquisition for the entire share capital of Jardine Lloyd Thompson, one of the world’s leading providers of insurance reinsurance and employee benefits related advice and brokerage
MGM Advantage on the sale of its new business franchise to TDR Capital LLP
RSA Insurance Group on its disposal of £834 million of UK legacy liabilities to the Enstar Group
Standard Life Aberdeen on the sale of its capital-intensive insurance business to Phoenix Group for a total consideration of £3.24 billion
Swiss Re on the sale of a minority stake in ReAssure and related joint venture arrangements
Zurich Insurance plc on the transfer of its pre-2007 UK legacy employers’ liability portfolio to Catalina