Insurance

This has included the huge amount of regulatory change, the need to become more efficient (both from a regulatory capital perspective and to improve profitability), changes in distribution channels and therefore strategies, disposals of non-core businesses (most frequently) or acquisitions ultimately to increase efficiency through economies of scale.

We have also helped clients to transfer or take on risk, playing a leading role in the now thriving market for transfer of longevity risk and otherwise to improve regulatory capital positions.

Insurers are increasingly focusing on “digital” to grow customer numbers, enhance efficiencies and remain competitive.

Our global specialists in corporate insurance, M&A, litigation, restructuring and insolvency, capital markets, tax, employment, TMT and regulatory matters advise insurance companies, investment banks and other financial institutions in the sector.

Recent insurance transactions:
  • Amlin on the £3.48bn recommended cash offer by Mitsui Sumitomo Insurance Company Limited to acquire the entire issued share capital of Amlin
  • Friends Life Group on the £5.6bn recommended takeover by Aviva
  • Rothesay Life plc on the reinsurance and proposed transfer of a portfolio of annuities and supporting assets from Scottish Equitable plc, the UK subsidiary of Aegon N.V.
  • the Trustee of the Vickers Group Pension Scheme in relation to a £1.1bn whole scheme pension buyout with Legal and General Assurance Society Limited
  • AXA on the £650m sale of its UK life insurance and investment and pensions businesses in three simultaneous auction processes, and its €75m acquisition of a minority interest in Africa Internet Group
  • Swiss Re on the acquisition of Guardian for £1.6bn from Cinven, followed by Part VII transfers into ReAssure
  • Athene Holding on the acquisition of the Delta Lloyd Deutschland group
  • RSA on the £403m sale of its Latin American business (Argentina, Brasil, Mexico, Chile, Colombia and Uruguay) to Suramericana, the insurance subsidiary of Grupo Sura
  • a global insurance provider on a first of its kind data analytics partnership between it and one of its key bancassurance partners in the Asia region
  • PZU S.A., Poland and the CEE's largest insurance company, on the sale of their Lithuanian subsidiary UAB DK PZU Lietuva to Norwegian insurer, Gjensidige Forsikring ASA
MiFID II/ MIFIR and Asset Management – In a nutshell This short guide covers some of the key areas that asset managers should consider to ensure that they are aware of a broad range of new and enhanced requirements placed upon them under MiFID II and MiFIR. View our short guide Life changing: The outlook for life insurance in Europe This report combines Linklaters’ legal and market insight with the candid views of 100 senior executives from Europe’s largest life insurers. Find out more Brexit for Insurers Leaving the European Union: Implications for Insurance companies View our report
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