Ashurst advises J.C. Flowers & Co on investment in Niyam Group and Niyam Syndicate 2047
Global law firm Ashurst has advised J.C. Flowers & Co, a private investment firm dedicated to investing in the global financial services industry, on an agreement to acquire a controlling stake in Niyam Group (“Niyam”) whilst also acting as lead investor in Niyam Syndicate 2047, a newly established syndicate at Lloyd’s.
Niyam is a reinsurance platform based in GIFT City, connecting global capital with opportunities in India and other high-growth markets. Niyam Syndicate 2047 at Lloyd’s will support the development of the Indian reinsurance market in alignment with India’s Vision 2047. It will commence underwriting from 1 April.
The Ashurst team was led by corporate partners Jacob Gold and Amy Barker, supported by senior associates Jasmin O'Reilly and Lottie White, associate Florence Fry and trainee Fraser Anderson. Partner Nick Wong, counsel Fiona Palamarczuk and associate Kieran Ferguson advised on the financial aspects of the transaction. Employment advice was provided by partner Ruth Buchanan and senior associate Natalie Flynn and tax advice was provided by partner Patricia Allen and associate Aaron Robertson. Partner Maha Osman and senior associate Zaid Al-Rizzo assisted on matters of UAE law.
