Our insurance team advises life assurers, general insurers, reinsurers, mutuals, brokers and InsurTechs on corporate, coverage, regulatory and transactional matters.

Our team also advises corporates and governments, particularly on the establishment and operation of their captives, as well as regulators on their handbooks, rule books and new regulations. Our clients are based in the City of London, the Americas, Europe, Bermuda, and Asia.

We’re used to advising on complex, UK, international and cross-border matters of all kinds.

Insurance expertise

  • Advice on prudential regulation, including the tiering and categorisation of regulatory capital items, and whether particular reinsurance contracts qualify as risk mitigation techniques for regulatory capital purposes
  • Appointing (and terminating the appointment of) Appointed Representatives / multi-principal agreements
  • Coverage, and coverage disputes
  • Insurance and reinsurance policy wordings, IPIDs and related documents
  • Insurance business transfers (Part VII Transfers), schemes of arrangement, attributions and reattributions of inherited estates, and other reorganisations
  • M&A (Part XII acquisition of control)
  • New product development
  • Regulation of general insurers, life assurers, mutuals, brokers and InsurTechs (Solvency II and the IDD)
  • Terms of business, binder and distribution agreements
  • The Senior Managers & Certification Regime (SMCR)
  • Advice on prudential regulation, including the tiering and categorisation of regulatory capital items, and whether particular reinsurance contracts qualify as risk mitigation techniques for regulatory capital purposes
  • Appointing (and terminating the appointment of) Appointed Representatives / multi-principal agreements
  • Coverage, and coverage disputes
  • Insurance and reinsurance policy wordings, IPIDs and related documents
  • Insurance business transfers (Part VII Transfers), schemes of arrangement, attributions and reattributions of inherited estates, and other reorganisations
  • M&A (Part XII acquisition of control)
  • New product development
  • Regulation of general insurers, life assurers, mutuals, brokers and InsurTechs (Solvency II and the IDD)
  • Terms of business, binder and distribution agreements
  • The Senior Managers & Certification Regime (SMCR)

Insurance experience

  • Provided insurance policy drafting, including deposit replacement insurance policies for landlords and tenants; as well as GAP; motor; pet; and public liability insurance policies.

  • Advised on reinsurance contract drafting, including aggregate excess of loss; catastrophe excess of loss; and quota share.

  • Advised on D&O, life, pet and professional indemnity policies.

  • Advised on distribution agreements between general insurers, and between general insurers and their Appointed Representatives.

Insurance FAQs

We can, if there’s something especially novel about it; it’s unusually complex; or there’s a reason to think it might be rejected. If there isn’t, you probably don’t need a law firm, but you might need a compliance consultant.

If the compliance consultants need legal advice about something, we certainly help with that.

We can also help if the regulators ask you to get legal advice about an issue, before sharing this advice with them. For example, the regulators sometimes ask applicants (a) to get legal advice, which explains why they need to be authorised and regulated, and which particular regulated activities they need to be authorised for; and/or (b) to get a legal opinion, which confirms the regulatory capital status of their shares, and any other financial instruments they might have issued. Advice like that is right up our street.

Yes we frequently act for both firms and individuals who are addressing complex issues under the SMCR.

We frequently advise firms on how to comply with the SMCR when complex and sensitive issues arise. Our work includes advising on how to conduct internal disciplinary processes on an SMCR compliant basis. We do this by deploying our expertise in both the regulatory and employment law fields. We can ensure that firms meet their PRA and FCA regulatory obligations whilst acting on a fair and appropriate basis as an employer.

Equally, we can act for individuals who may be subject to internal investigation or are seeking to join a new firm as a Senior Management Function (SMF) holder, or as a certified staff member. We are experienced in dealing with difficult issues and the implications that can arise in respect of adverse regulatory references. We are also able to represent and support individuals who may be subject to investigation for breaches of the FCA’s Code of Conduct (CoCON) provisions.

If you need to know what a particular PRA or FCA rule means; or whether particular arrangements are rule compliant, we can help. If you need help working out how best to respond to questions from the regulators, we can help with that too. We can’t help with routine compliance activities, compliance monitoring, compliance auditing or the detailed design of new systems and controls. We may, however, be able to introduce you to a compliance consultant who can.

"The firm has excellent partners and associates, all of whom provide a great service."


Chambers UK, 2021

"The Fox Williams team has strength and depth acting for executives and other individuals is some of the most complex regulatory cases in the field."


Legal 500 2021

"Excellent knowledge of the insurance regulatory requirements and very quick to respond."


Legal 500 2021

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