England - London • Insurance

Herbert Smith Freehills LLP

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Herbert Smith Freehills LLP is able to provide expert advice across the full gamut of insurance matters, working in major M&A for life, non-life, and broker clients, having a particular strength in portfolio transfers, advising a number of new market entrants in the development of their new insurance offerings, and providing an expert regulatory offering. These regulatory strengths have been bolstered by the promotion of Grant Murtagh to partner in May 2o23, who also brings his particular expertise in complex longevity reinsurance transactions. The promotion of Shaun Lee is similarly a boon for the team’s work in relation to brokers and private capital. Geoffrey Maddock heads the practice with his excellent market reputation straddling transactional and regulatory mandates, working alongside the notable Barnaby Hinnigan who similarly acts for both insurers and intermediaries in their regulatory and corporate concerns. Alison Matthews is a leading authority in Solvency II and acts across a range of regulatory issues, including recent Brexit-related restructures and FCA reforms.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'They are a great team. I've worked with them over a number of years and completely trust them.'
  • 'Grant Murtagh is my main contact. He is a brilliant technical lawyer and a nice guy.'
  • 'I have worked with this team for in excess of 25 years. They have deep industry knowledge and are a trusted partner to our firm. Something worth commenting on is their long held belief in growing their own talent and promoting from within. This sense of continuity and experience is something I have valued over the years.'
  • 'Strong team with significant insurance industry expertise. A good alignment between the transactional and regulatory advice sides of the practice. Open, approachable, and knowledgeable lawyers.'
  • 'Grant Murtagh is very knowledgeable in his field, and is able to advise on complex matters with a strong, practical approach to guidance on what to do commercially.'

Key clients

  • Willis Towers Watson
  • Sirius Point
  • Ardonagh Group
  • Phoenix Group
  • Pension Insurance Corporation
  • ReAssure
  • Resolution
  • Royal London
  • Canada Life Group (UK) Limited
  • Association of British Insurers
  • Aon

Work highlights

  • Advised the Ardonagh Group on the investment by shareholders Madison Dearborn Partners and HPS Investment Partners, as well as several other large global institutions.
  • Advised Phoenix in regulatory and transactional matters on the consolidation of its holding of a multi-billion pound book of complex assets and related collateral.
  • Advised Aon on a novel reinsurance and lending transaction involving Riverstone and JP Morgan, with Riverstone receiving $300m of reinsurance cover and regulatory capital benefits.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Practice head

The lawyer(s) leading their teams.

Geoffrey Maddock

Other key lawyers

Barnaby Hinnigan, Alison Matthews, Grant Murtagh, Shaun Lee