Leading global banking and finance practice
We realise that our clients require much more from us than just technical excellence. They need us to understand their business. The combined strength and depth of our insurance team and our market-leading finance practice gives us a unique perspective. By considering the sector as a whole, as finance lawyers we have a greater understanding of the landscape in which our clients operate and the regulatory challenges they face.
Global presence
We have a premier global finance team of over 75 partners and over 350 lawyers based in all of the major financial and insurance centres around the world. We regularly advise on multi-jurisdictional matters and this presence provides us with an understanding of local client needs and regulations.
Sector Expertise
We provide a service that is both innovative and commercial, due to our in-depth knowledge of the insurance and reinsurance markets and the applicable regulatory framework, whether the Financial Conduct Authority, Prudential Regulation Authority, Lloyd's of London or other regulators.
Working closely with our insurance and financial services team, Ashurst has significant experience advising on the impact of regulatory considerations in respect of matters such as credit support, and are adept at finding pragmatic, bankable solutions.
Superior product knowledge
With a market leading insurance team offering in-depth knowledge of both life and non-life insurance, our clients comprise of the leading banks in the sector, as well as insurers and reinsurers such as Pacific Life Re. The banking team has an impressive track record of advising on innovative and high profile transactions in the insurance and reinsurance sector. Areas of specific expertise include:
- Acquisition/leveraged finance
- General corporate lending
- Reinsurance letter of credit facilities
- Funds at Lloyd's letter of credit facilities
- Lloyd's syndicate overdraft facilities
Our experience includes advising:
- Lloyds Bank on financing of Aquiline Capital Partners’ acquisition of the Equity Red Star business at Lloyd's
- Mandated Lead Arrangers on refinancing of the Towergate Group in connection with the Group’s corporate restructuring and bond issuance and subsequent acquisition of CCVL Acquisitions Limited
- Lloyds Bank on provision of a revolving credit facility to Isle of Man insurer, RL360
- Lloyds Bank and Barclays Bank on a £400m Funds at Lloyd's letter of credit facility for MS Amlin plc
- Mandated Lead Arrangers on provision of $1.7bn Funds at Lloyds Letter of credit facility for a leading international insurance group
