Insurance

We advised Allianz X on the acquisition of a majority stake in ControlExpert, an international market... Read more

We advised Allianz X on the acquisition of a majority stake in ControlExpert, an international market leader in AI-based claims handling in the automotive sector.

The acquisition will enable Allianz X to settle motor vehicle claims significantly faster and to use AI in claims settlement. ControlExpert will retain its business model and operational autonomy, as well as its name, brand, and identity.

A global Hogan Lovells team led on all transaction-related issues.

We advised Enstar Group Limited, a NASDAQ-listed global insurance and reinsurance group, on the... Read more

We advised Enstar Group Limited, a NASDAQ-listed global insurance and reinsurance group, on the recapitalization of its majority-owned subsidiary StarStone U.S. Holdings Inc., a specialty insurer in the property and casualty markets.

The transaction constitutes a pivotal moment for StarStone U.S., which in addition to benefitting from US$235 million of equity rolled over by Enstar, raised over US$670 million of new equity capital to position StarStone U.S. to capitalize on expected growth in the specialty E&S market.

A team of lawyers in our Philadelphia and Washington, D.C. offices led the transaction.

We advised Monument Re Limited, a life reinsurer and acquirer of European asset intensive portfolios... Read more

We advised Monument Re Limited, a life reinsurer and acquirer of European asset intensive portfolios, on its acquisition of GreyCastle Holdings Ltd, the holding company of a Bermuda-based reinsurer of European life and annuity liabilities, and its subsidiaries, which include GreyCastle Life Reinsurance (SAC) Ltd and GreyCastle Services.

The transaction represents a significant strategic milestone for Monument Re and supports its ongoing international growth.

Lawyers in our London office led the transaction, supported by our banking and finance practice.

We advised Open Trustees Limited, the trustee of the Old British Steel Pension Scheme... Read more

We advised Open Trustees Limited, the trustee of the Old British Steel Pension Scheme, on its £2 billion buy-in with Pension Insurance Corporation plc, a specialist UK insurer.

The deal is one of the few successfully completed “PPF+” transactions involving a pension scheme under assessment by the Pension Protection Fund, the UK statutory fund responsible for pension schemes where the sponsoring employer has entered insolvency.

Our London M&A and Pensions teams led the transaction, with support from our intellectual property, litigation, regulatory, and tax practices.

Insurance

“They are our go-to counsel for corporate and regulatory matters. They are extremely responsive, even when we need urgent attention at unsocial hours – it always feels as though we are a priority.”

Chambers Global, 2021

210+

Insurance lawyers

Tier 1

Insurance: Corporate
and Regulatory
Legal 500 UK, 2021

Sector performance

Insurance was one of the most resilient sectors for M&A during 2020. Deal volume remained steady compared to 2019. Deal value increased in 2020 on the back of a significant number of multi-billion dollar deals, particularly in the second half of the year.

Despite the wider challenges presented by the COVID-19 pandemic, many of the long-term drivers for M&A in the sector remained – persistent low interest rates, private equity’s appetite for more assets under management, continuing consolidation among brokers, and the need to access new digital platforms and distribution channels.

Hogan Lovells activities

Our Insurance industry sector hosted a number of client events, including webinars focused on such topics as COVID-19, Brexit, M&A, legislative changes, insurance distribution, sanctions, reinsurance and derivatives, tools for restructuring insurance businesses, and insurance business transfers.

We continued to publish thought leadership on developments and future opportunities in the insurance sector, including the 2020 edition of our Hogan Lovells lnsurance Horizons publication, which covers hot topics, key global and regional trends, and regulatory developments around the world.

Diversity and Inclusion

Diversity
and Inclusion

Pro Bono

Pro Bono

Our new Corporate & Finance partners and counsel

Our new
Corporate & Finance
partners and counsel

Our M&A  publications

Our M&A
publications

Technical excellence

Technical excellence

Executing transactions effectively

Industry knowledge

Industry knowledge

Understanding issues
in regulated industries

Global reach

Global reach

Worldwide reach,
local experience

Full-service capabilities

Full-service capabilities

Subject matter
knowledge

M&A Year in Review | 2020

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