Insurance

We are a trusted advisor to the world's leading insurers, reinsurers and intermediaries on transactions, disputes, financing, regulatory and commercial matters. We advise on all sectors of the market, whether life and health, P&C, retail or commercial. We also provide market-leading expertise advising private equity and other capital providers on their investments in the insurance sector.

Our global team of over 200 fee-earners provides first class domestic and cross-border advice across the world's main financial centres and emerging markets. Through our extensive global network of offices spanning Europe, the US, Asia Pacific, the Middle East and Africa, we assist insurance businesses throughout their global operations and on their international expansion plans.

In recognition of our work, we are one of only three firms ranked in Band One for Global Multi-Jurisdictional insurance work in Chambers Global 2025.

Our integrated cross-practice team includes sector experts from across our corporate and M&A, regulatory, banking & finance, capital markets, dispute resolution, antitrust, tax, real estate, IT/IP pensions and employment teams.

As one of the most experienced law firms with in-depth knowledge of the insurance industry's regulatory challenges and for complex technology projects in the financial services industry, we can help identify and navigate potential key risks from an early stage when cooperating with or investing in insurtech companies.

Reputation for acting on high value, complex and strategic mandates

A highly experienced practice, we work at the forefront of the market advising clients on the latest developments and issues facing the sector. We can offer clients support across the full range of their legal needs, including on:

Domestic and cross-border M&A transactions including portfolio transfers
Reinsurance transactions
Capital raising transactions
Complex reorganisation and restructuring projects
Pension risk transfer transactions/longevity risk transfers/bulk annuity buy-in
Alternative risk transfer arrangements including Insurance Linked Securities (ILS), Value-in-Force transactions and derivatives
Global and local market regulatory advice and support on enforcement action
Distribution, outsourcing and other commercial contracts
New start-up arrangements, including Insurtech
Major insurance/reinsurance disputes

Band 1 Global: Multi-Jurisdictional: Insurance, Chambers & Partners: Global 2025

"Impressive depth, both on the transactional side as well as on the relevant regulatory aspects." Chambers Global 2025

"Excellent service levels across the team and they are super responsive." Chambers Global 2025

"The lawyers are very experienced and sophisticated practitioners, offering creative solutions to deal issues." Chambers USA 2025. Insurance: Transactional & Regulatory

"Very strong commercial awareness and a knowledge of the sector which is beyond just the legal dimensions." Chambers UK 2025. Insurance non-contentious

Clifford Chance distinguishes itself by its exceptional responsiveness, tailored solutions that truly address my needs and by its commitment to delivering outstanding results. Chambers Spain 2025. Insurance non-contentious

“Good quality across the board, plus superb technical skills and knowledge of the law.” Chambers Global 2024: Insurance

“Clifford Chance maintains its reputation as a global leader in the non-contentious insurance space.” Chambers Global 2023: Insurance

“Clifford Chance stands out as a foremost practice in the corporate insurance and regulatory space” Legal 500 2023: Insurance

Client experience

Aviva on its £3.7 billion recommended offer for Direct Line Insurance Group plc., anticipated to be implemented by way of a scheme of arrangement
Legal & General on the pending $2.3 billion sale of its US protection business
Generali on the acquisition of Liberty Seguros, the Spanish insurance company operating in Spain, Portugal, Ireland and Northern Ireland from Liberty Mutual for €2.3 billion
Intact Financial Corporation on the £7.2 billion offer for RSA Insurance Group and associated separation of RSA's Scandinavian business
Lloyd’s on the design and establishment of the ground-breaking Lloyd’s ILS platforms, London Bridge Risk PCC Limited and London Bridge 2 PCC Limited
Martello Re on its $1.3 billion capital raise
RGA on its pending $32 billion reinsurance transaction with Equitable Holdings and in its $3.5 billion reinsurance transaction with American National Insurance company
a leading US reinsurer on various framework funded reinsurance transactions including $9.2 billion cross-border longevity risk transfer transaction with Dutch life insurer NN Life
PICA on a $9.2 billion cross-border longevity risk transfer transaction with a Dutch life insurer, NN Life
Manulife on its acquisition of multi-sector credit manager CQS
Cinven and GIC on their joint acquisition of Miller from Willis Towers Watson.
Carlyle on the UK aspects of the acquisition of NSM Insurance Group, a global insurance distribution group, from White Mountains Insurance Group for $1.775 billion

Insurer resolution: how do the new UK and EU regimes compare?

Both the UK and EU have proposed new resolution regimes for failing (re)insurers based on international standards and their existing regimes for bank resolution. As a result, the proposed UK Insurer Resolution Regime (IRR) and the proposed EU Insurance Recovery and Resolution Directive (IRRD) have much in common, albeit with some key differences.