England - London • Insurance

Slaughter and May

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Slaughter and May remains at the forefront of the insurance industry through the ‘depth and breadth’ of its offering, with a strong offering across the full range of transactional, regulatory, and strategic matters. Able to draw upon the firm’s leading regulatory capital, financial regulation, and insurance disputes teams among other practices, the firm is well-placed to comprehensively service the most high-profile insurers in their major, cross-border mandates. Jonathan Marks heads the insurance group with a broad corporate and insurance practice that covers the life and non-life sectors. Nick Bonsall deploys his ‘encyclopaedic knowledge of insurance regulation’ in addition to his experience across the wider financial services sector. Natalie Cook and Nick Pacheco are both part of the wider corporate and financial services group, and have advised major insurers on their multijurisdictional operations in respect of strategy and structuring issues. Senior counsel Thomas Peacock and Edward Steward are also of note, bringing expertise in the risk transfer market, and insurance and banking business transfer schemes respectively. Craig Cleaver retired from partnership in December 2022 and Robert Chaplin  departed the firm in October 2022 to join Skadden, Arps, Slate, Meagher & Flom (UK) LLP.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Deep knowledge of and expertise on insurance regulation. Very practical and solutions-focussed. Politically and commercially astute. Extremely responsive. You can put them in front of any part of the business or other stakeholders, even at very short notice, and they will be in total command of the brief.'
  • 'Nick Bonsall has encyclopaedic knowledge of insurance regulation and is always one step ahead.'
  • 'Breadth of experience in our sector is what makes Slaughter and May stand out. The quality of the team, their industry knowledge and their collaborative approach to providing top quality service and advice is exemplary.'
  • 'Both Jonathan Marks (Partner) and Edward Steward (Senior Counsel) are very talented and experienced lawyers in their field of expertise. They took the time to identify our requirements and communicate effectively their advice and approach. Once again, their detailed technical knowledge of the issues in our sector stood out and no stone was left unturned. Equally they were very approachable and updated us regularly. Also, we had access to a team of experts whenever required (i.e. compliance etc.).'
  • 'With depth and breadth within the insurance practice, the Slaughter and May team prove capable of staffing major transactions with a range of quality individuals and ensuring every detail and demand is addressed.'
  • 'Tom Peacock is a rising star in the corporate practice. Tom is dedicated, dependable, smart, commercially minded and a pleasure to work with. He really listens to what the client needs and the style they prefer to adopt, adapting his work products accordingly.'

Key clients

  • Allianz
  • Ageas
  • Aviva
  • Bupa
  • Canada Life
  • Department of Levelling Up, Housing and Communities
  • Direct Line
  • Intact/ RSA
  • Legal & General
  • M&G
  • Pollen Street Capital
  • Markerstudy
  • Prudential
  • Royal London
  • RiverStone
  • Zurich Assurance
  • Zurich Insurance

Work highlights

  • Advised Intact Financial Corporation and RSA on a c. £6.5bn buy-in insurance transaction with Pension Insurance Corporation, the largest insurance transaction of this type to date.
  • Advised Allianz on its agreement with Sanlam, the largest non-banking financial services company in Africa, to combine their current and future operations across Africa.
  • Advised Zurich on its Brexit-related insurance business Part VII transfer scheme from Zurich Insurance plc to its Swiss incorporated parent company.

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.

Jonathan Marks

Hall of fameSlaughter and May

Partner; Jonathan is head of one of our corporate groups and our insurance practice. He has a corporate and corporate finance practice and has been involved in demutualisations, fund-raisings, joint ventures and private and public acquisitions.

Practice head

The lawyer(s) leading their teams.

Jonathan Marks

Other key lawyers

Nick Bonsall, Nick Pacheco, Natalie Cook, Thomas Peacock, Edward Stewart