Regulatory and Competition
We have a thorough understanding of the regulatory issues relevant to the environment in which our insurance clients operate. Our technical expertise is evident in the complex transactional work on which we advise, including insurance business transfer schemes, risk transfer arrangements and issues of subordinated debt.
We regularly advise clients on:
- competition law issues arising on acquisitions and disposals
- competition sector inquiries and investigations such as the European Commission competition sector inquiry into business insurance and the OFT and Competition Commission investigations into the UK private motor insurance sector
- stand-alone regulatory matters - we maintain a comprehensive knowledge of developing regulatory policies and practices, including issues such as the application of the Test Achats ruling (on which we advised the ABI), reform of the UK regulatory structure and Solvency II
Our key experience includes advising:
the ABI and a number of client insurers on the potential impact of the ECJ’s ruling in the Test Achats case.
an insurance client on the implications of the FCA’s proposed past business review and redress programme in respect of its thematic review of the sale of enhanced annuities.
esure in relation to the OFT call for evidence on the UK private motor insurance sector.
a major broking client in relation to the European Commission competition sector inquiry into business insurance.
a major broking client on an investigation by the European Commission into the response of the aviation industry following 9/11.
PartnerRe on the competition law related aspects of its acquisition of competitor ParisRe Holdings.