Steven McEwan

His recent experience has involved a significant amount of advice to insurers on their preparation for the implementation of Solvency II in January 2016 – in particular in the requirements for the Matching Adjustment. He has worked extensively with insurers, pension scheme trustees and re-insurers on pension de-risking transactions, both in the form of bulk annuity (buy-in) contracts and in the form of longevity insurance, reinsurance and derivatives. 

For many years he has advised banks and Lloyd's insurance market participants on finance facilities supporting their funds at Lloyd's, and also on derivative transactions entered into for the benefit of syndicate trust funds. Steven has been involved in several insurance M&A transactions. In three transactions in 2013, 2014 and 2015, he advised an international purchaser of a Lloyd's market business, and he has also advised on several transfers of annuity businesses by insurance business transfer schemes pursuant to Part VII of the Financial Services and Markets Act 2000.