Experience Advising:

• XL Group on a wide range of matters including: the first combined portfolio transfer and cross-border merger conducted in Ireland, migration of its New York Stock Exchange listed holding company to and from Ireland, the US $4bn acquisition of Catlin Group, the issuance of US$1bn of Solvency II-compliant subordinated debt and Brexit solution planning, including the migration of XL Insurance Company SE from the UK to Ireland and the related aspects of AXA's takeover of the XL Group.
• AIG Group on a wide range of matters including: transfer of its Irish business to AIG Europe Limited, the cross-border merger of its Irish holding company into a UK holding company and the transfer of general insurance business from Chartis Excess to a Chartis Bermuda insurer using an Irish High Court scheme of arrangement, a mechanism unprecedented in Ireland or the UK (this transaction was an important element of the Financial Times recognising A&L Goodbody as Ireland's most innovative law firm).
• Numerous UK and international insurers on Brexit planning and implementing Brexit plans, including establishment of new Irish insurers by BUPA, Berkshire Hathaway, The Standard Club and North of England Protecting and Indemnity Association, significant expansion of existing Irish operations of insurers including Prudential Assurance and Standard Life International to accommodate EU business previously written by UK affiliates, establishment of Irish branches by insurers wishing to target the Irish market after Brexit, establishment and authorisation of insurance intermediaries and Irish insurers on contingency plans in relation to the UK market.
• CNP Europe Life on an innovative longevity risk transfer arrangement with Coca-Cola involving a novel structure which he devised.
• Numerous insurers on portfolio transfers, restructuring and cross-border mergers, including complex transfers for Aviva Life & Pensions Ireland and Partner Reinsurance.
• Zurich Insurance Group on the centralisation of its European general insurance business on to an Ireland platform, disposal of non-core insurance businesses and supervision of the Irish general insurance “super-carrier”, Zurich Insurance.
• Arch Capital Group on establishment, authorisation and regulation of reinsurance, mortgage insurance and insurance intermediary companies and on Brexit solutions, including expanding its Irish insurance carrier to write the EU insurance business previously written by its UK carrier.
• Health Insurer VHI on raising Solvency I and Solvency II-compliant subordinated debt from a private source.
• Numerous insurers including, Combined Insurance Company, ALICO Life International, Arch Reinsurance Europe and Intesa San Paolo Life in the defense of complex regulatory enforcement actions alleging violation of financial regulation requirements.
• Insurance industry representative bodies on numerous legal and regulatory issues including Insurance Ireland on a successful challenge to a proposed government levy on the insurance industry and drafting an amendment (accepted by the government) to legislation implementing gender equality legislation.
• Three major insurance groups on conversion of their Irish operations to European companies (SEs).