James Phythian-Adams' main areas of practice are corporate, commercial and regulatory work for insurance companies, insurance intermediaries, Lloyd’s managing agencies and Lloyd’s syndicates.
He advises on a wide variety of non-contentious legal and insurance regulatory matters, including ILW; ILS; life and longevity; insurtech; distribution; MGA and coverholder formation, operation and incubation; Lloyd’s turn-keys; insurance company formation, acquisition, governance, compliance and disposal; branch set-up; subsidirization; international licensing; and Lloyd’s, PRA, FCA and other compliance issues.
Recent experience includes advising:
Munich Re on £1 billion longevity swap with Willis Pension Scheme.
Munich Re on €3.8 billion longevity risk transfer with NN Life Netherlands.
Athene Holding on insurance regulatory matters in its US$1.55 billion sale of common shares to Apollo Global Management.
Cincinnati Financial Corporation on its acquisition of MSP Underwriting at Lloyd’s from Munich Re.
Apollo Global Management on its US$2.6 billion acquisition of publicly traded Aspen Insurance Holdings Limited.
On numerous Lloyd’s turn-key transactions in respect of the establishment of new syndicates (including special purpose arrangements) and incubation of new Lloyd’s managing agencies.
Sidley Global Insurance Review, March 12, 2018; “Impact of the EU’s distribution regime remains unclear,” Insurance Day, May 18, 2017