INSURANCE

Our clients tell us it is critical that their lawyers understand their business markets as well as the complex laws that regulate their sector.

Addleshaw Goddard’s dedicated Corporate Insurance Group has detailed insurance market knowledge and extensive experience in advising on all aspects of non-contentious insurance in the corporate, commercial and regulatory areas. Members of our team have also worked for insurers or insurance intermediaries in their previous employment or on secondment.

Insurance is a key practice area at AG and, as well as regarding ourselves as a leading practice in the sector, we have received industry recognition from the likes of Chambers UK, which says: "Clients appreciate the interest the team takes in meeting their individual needs: They're interested in our business and don't treat us as just another client". Many of these clients are household names.

Expertise

We have substantial experience in both general (companies and Lloyd's market) and life insurance and we regularly advise on the following:

Mergers, acquisitions and joint ventures
Restructurings and capital raisings
Establishing insurance companies, Lloyd’s groups, insurance brokers, independent financial advisers and insurance intermediaries
Portfolio and statutory business transfers (under Part VII FSMA) and the novation of insurance books of business
Commercial insurance agreements including binding authorities, claims handling authorities, reinsurance agreements and commutation agreements
Distribution and affinity agreements
Outsourcing arrangements
Insurance regulatory matters
Insurance and re-insurance policy wordings
Run-off matters including run-off agreements and schemes of arrangement
Captives and mutuals

Clients and experience

We have worked with:

AIG on its affinity deal with Manchester United, including advice on worldwide branding rights for use in connection with consumer financial services and products
AIG on a variety of commercial contracts, including distribution agreements, binding authorities and claims handling agreements, and captive and reinsurance agreements
AEGON UK on its acquisition of Positive Solutions and the acquisition and set up of Origen
Capita on its acquisition of CMGL
Dunedin on the acquisition of Gissings insurance brokers
QBE on its terms of business and outsourcing arrangements
A multinational general insurance company on a number of distribution agreements and reinsurance agreements