Our team has deep knowledge of the insurance sector, including experience working in-house. We understand the complexities of the industry and deliver pragmatic advice tailored to your business.
Clients in life and general insurance, and the Lloyd’s and company markets trust us to provide clear, high quality counsel on their most complex agreements.
How we help:
- Negotiating insurance distribution arrangements including affinity partnerships, TOBAs, binding authorities, broker remuneration arrangements, AR and IAR agreements and panel arrangements.
- Drafting insurance-related IT and business process outsourcing agreements, including policy administration, claims and complaints handling, and insurtech arrangements.
- Advising insurers on general services procurement.
- Drafting reinsurance agreements.
- Advising on global data protection arrangements.
Our experience includes:
- Advising AllClear on its specialist travel insurance affinity partnership with AGE UK and AGE Co., enabling AllClear to market its Zurich-underwritten travel insurance product under the AGE UK Travel Insurance brand for the over-50s market.
- Advising a Lloyd’s of London syndicate insurance company on its commercial arrangements and agreements, including material outsourcing agreements (including materiality assessments and its approach to the regulators), panel arrangements, other significant services agreements and on cross-border flows of data.
- Providing strategic advice to an insurer on commercial and insurance distribution matters including in relation to a business important underwriter panel agreement, intra-group arrangements, IT software and service agreements, and a private cloud platform, ensuring compliance with material outsourcing rules.
- Leading on a cross-border project for a UK insurer which involved local counsel in relation to the distribution of a travel insurance product in Australia.
- Providing an outsourced overflow service to an international insurer in relation to a range of commercial and insurance distribution matters.