Igor Shershunovych

Profil complet

Igor advises insurers and insurance intermediaries on the UK regulatory framework, including authorisation under Part 4A of the Financial Services and Markets Act 2000, Part VII insurance business transfers, client money arrangements, non-admitted insurance business and financial promotion restrictions.

He also advises on acquisitions, changes in control and corporate restructurings involving insurance businesses. He drafts and reviews insurance-related agreements, including terms of business, introducer, claims management and outsourcing agreements, as well as insurance policies.

Igor joined Clyde & Co in 2022. He qualified as a solicitor in England and Wales in 2021. He holds a degree in Business Management from Khmelnytskyi National University and completed the Graduate Diploma in Law and Legal Practice Course at BPP Law School, achieving a distinction in the Legal Practice Course.

Expérience

• Advising an insurance intermediary on its FCA authorisation application, including its regulatory business plan, permissions, governance and client money arrangements.
• Advising overseas insurers on establishing UK branches and subsidiaries, including authorisation, regulatory capital, governance and structural considerations.
• Advising insurers on non-admitted insurance business in the UK, including the regulatory perimeter and financial promotion restrictions.
• Advising insurers on Part VII insurance business transfers, including the regulatory process, transaction documents, regulatory engagement and court proceedings.
• Advising on acquisitions and changes in control of insurance intermediaries, including applicable approval and notification requirements.
• Advising on a strategic investment in an insurance group, including a share subscription, buyback, subdivision, corporate approvals and completion.
• Reviewing and negotiating terms of business agreements for insurers, including authority, premium payment, commission, claims, termination, audit and regulatory compliance.
• Reviewing commercial and outsourcing arrangements for insurers, including material outsourcing, operational resilience, governance and oversight requirements.
• Advising on client money arrangements under the FCA’s CASS rules, including risk transfer, trust arrangements, acknowledgements and contractual provisions.
• Advising insurance market participants on corporate governance, including board and shareholder approvals, capital restructurings, corporate filings and transaction implementation.

Qualifications

• Solicitor of the Senior Courts of England and Wales, admitted in 2021