This award will recognise an insurance team that has handled innovative work and has attracted the most impressive instructions of the year in this constantly changing sector. Judges welcome submissions highlighting one example taken from a variety of work, including standout transactions, disputes and arbitration, as well as regulatory issues.
2017 WINNER: Bond Dickinson
Advised AIG on the design of its Crowdfunding Fidelity insurance policy. This new groundbreaking policy protects investors on equity crowdfunding platforms against fraud, a key concern in this nascent industry.
Following Brazil’s worst-ever environmental disaster, the Samarco Dam collapse, DAC Beachcroft was appointed to act for the international liability insurers in addressing underlying litigation and a complex class action settlement structure.
Appointed as Aviva’s sole global digital adviser, leading to a number of significant projects and engagements, including becoming principal UK strategic General Data Protection Regulation adviser. DLA acted for Aviva Ventures on its seed investment in Cocoon Alarm Limited, its investment into Opun and partnership with Founders Factory.
In the largest pension risk transfer transaction of 2016, Eversheds advised Legal & General Group on its £1.1bn pension buyout of Vickers Group Pension Scheme. The deal was negotiated over an expedited period to take advantage of short-term favourable economic conditions.
SKADDEN, ARPS, SLATE, MEAGHER & FLOM
Advising Phoenix Group in its £935m Class 1 acquisition of Abbey Life from Deutsche Bank, which was part funded with proceeds from a £735m rights issue. This was the second major acquisition by Phoenix in 2016, following the announcement of its £375m acquisition of AXA Wealth’s pensions and protection businesses in May.
Successfully representing the Metropolitan Police against a £110m claim brought by the insurers following the looting and arson of a warehouse in Enfield. This followed the London riots when the insurers of the warehouse, pursued a damages claim against the Metropolitan Police that centred on an interpretation of the Riot (Damages) Act 1886.