Stephen advises on start-ups, reorganisations, acquisitions and disposals in the insurance sector and regularly advises Lloyd’s underwriting businesses on a wide variety of matters, including transactions with commercial banks and reinsurers for the provision of funds at Lloyd’s, consortium underwriting arrangements and ‘turnkey’ management arrangements.
Stephen is described in a recent edition of Chambers as “capable of taking a ‘high-level view,’ but is also felt to have ‘a real grip on the underlying business matters. He has a formidable standing in the Lloyd's market” and in Legal 500 UK 2011 as “a ‘first-choice adviser’ with ‘extensive expertise’, particularly regarding the London and Lloyd’s market”.
He is featured as a leading individual in insurance: corporate and regulatory in Legal 500 UK 2011 and as an expert in insurance in Legal Business’ Legal Experts 2011.
Advising a global insurance and reinsurance group on its establishment of a Lloyd’s syndicate
Advising a Lloyd’s underwriting business on the making of a capacity offer to the non-aligned members of its managed syndicate (having previously advised on more than 30 such offers)
Advising on two Lloyd’s syndicate mergers
Advising a Bermudan insurer on the establishment and authorisation of a UK branch
Acting for various clients on capital reductions for a variety of purposes (including elimination of losses, release of surplus capital and enhancement of distributable reserves)
Advising various Lloyd’s businesses on numerous quota share, excess of loss, stop loss and reinsurance-to-close arrangements and bank facilities for the provision of funds at Lloyd’s
Acting for the shareholders of an insurance fund management business on a trade sale of their shares
Acting for FirstCity Partnership Limited on the sale of its business to Arthur J. Gallagher & Co. (UK) Limited
Acting for Highway on the first Part VII transfer of non-life business from a Lloyd’s Syndicate to an insurance company
Acting for the management team and the group companies on the start up of Ark Syndicate Management Limited and Lloyd’s Syndicate 4020