Lorna Tennent

Corporate Counsel, London

"I am a corporate lawyer, with particular expertise advising on complex transactions in the insurance sector."

Overview

Professional experience

Education and qualifications

Overview

Lorna advises insurers and other clients in all types of corporate transactions within the insurance sector, including public and private M&A, reinsurances, distribution arrangements and pension scheme de-risking buy-in and buy-out transactions. Lorna also advises on insurance regulation including the impact of the Solvency II Directive and the UK leaving the EU.

Based in London, Lorna has also spent six months seconded in the firm’s Tokyo office.  

 

 

Professional experience

Lorna has advised on a number of significant transactions in the insurance sector. Recent experience includes acting for: 

  • Rothesay Life plc on the reinsurance and acquisition of £12billion of non-profit annuities from Prudential Assurance Company Limited and on the buy-out of an international investment bank.
  • AXA on the sale of AXA Life Europe to Cinven
  • the M&S Pension Scheme trustee on two buy-in contracts totalling £1.4bn of liabilities
  • Athora on the acquisition of Aegon Ireland
  • Swiss Re’s “Admin Re” life and pensions business on its acquisition of Guardian Assurance from Cinven and management of Guardian Assurance
  • the trustee of the Rentokil Initial Pension Fund on a bulk annuity policy with Pension Insurance Corporation

Education and qualifications

Lorna received a B.A. (law) and LL.M from Peterhouse, University of Cambridge.