Full Profile
Tim is a member of Clyde & Co’s Corporate Insurance team in Sydney. He has extensive experience in insurance, corporate and commercial law. Tim has previously worked for insurers and other financial services organizations as an in-house lawyer and in commercial roles. This gives Tim a unique legal and commercial perspective, and deep understanding of his client’s needs.
Tim advises insurers and other financial services organisations on all aspects of the financial services regulatory regime including the Corporations Act, Financial Accountability Regime, Breach Reporting and Prudential Standards. This has included liaising with and reporting to regulators while minimizing the risk to licensees.
He works on transactions, including traditional sales, divestments, Lloyd’s market deals, portfolio transfer transactions, renewal rights deals, intellectual property licensing deals and insurance linked securities deals.
He has an understanding of all aspects of insurance products and has provided advice across product structure and design, underwriting and terms. His experience has covered multiple products lines including casualty, property and energy, financial institutions, directors & officers, healthcare, professional indemnity, and reinsurance.
Experience
- Advising insurers on the implementation of APRA Prudential Standard CPS 230 and compliance with the CPS 230 and CPS 234 in commercial contracting.
- Providing advice on all aspects of financial services regulation including Chapter 7 of the Corporations Act, APRA Prudential Standards and the FAR Regime.
- Advising insurers of the ASIC Breach Reporting Regime including reportability of incidents and drafting of breach reports.
- Supporting underwriters in structing insurance products, drafting policy terms and navigating the terms of those products and the broader law in issuing cover.
- Assisting clients negotiating reinsurance transactions and documenting those arrangements.
- Working on multiple traditional share sale transactions, as acquirer and seller.
- Assisted and advised a client on a complex cross boarder license transaction, and lengthy transition arrangement to provide the client greater control over its business.
