Insurance

Major developments in the insurance market mean that insurers, both large and small, are having to move fast to adapt.  The introduction of the Solvency II Directive is forcing insurers to review their risk management arrangements and re-assess their capital resource requirements; climate change is driving property insurers to amend the cover they offer and, more generally, insurers have been reviewing their policies to address the impending changes to consumer insurance contract disclosure arising out of the joint report by the English and Scottish Law Commissions.

The insurance specialists at Speechly Bircham have a strong understanding of  the sector and have extensive experience of working with general and life insurers. Chambers UK comments that “the team punches above its weight representing good value for money.”

We make it our business to be at the forefront of developments affecting insurers so that we can guide and support our clients.  Recent work includes:

• advising clients on their Solvency II process
• acting on a number of significant Part VII transactions
• advising on major reinsurance arrangements
• drafting new product policy terms.

Working with general insurers, life assurers and reinsurers, we give advice on a whole range of issues from handling major transactions (including court schemes of arrangements for the transfer of businesses, new commercial partnerships and new product developments) to advising on regulatory, policy and contractual matters.

We are recognised for our pragmatic approach and our ability to bring innovative solutions to complex transactions. Clients come to us because they know they will receive high quality “City” advice from a partner-led team who will take time to get to know them, speak their language and provide support and guidance that goes beyond pure legal advice.