Timothy has advised a number of insurers and reinsurers in connection with the new capital and regulatory regime which applies to insurers and reinsurers, Solvency II, which came into effect in January 2016. Timothy's particular focus in relation to Solvency II has been on both the asset side and liability side of the balance sheet, including the application of the Matching Adjustment. He primarily advises insurers, reinsurers, pension scheme trustees and banks.
Timothy has also worked with a number of insurers and reinsurers on pension de-risking transactions, such as bulk annuity (buy-in) transactions, and longevity insurance, reinsurance and derivatives. As well as advising insurers and reinsurers on regulatory capital matters, Timothy advises banks on the application of the regulatory capital rules contained in Basel III and the EU Capital Requirements Regulation.
Areas of Focus
Advising Prudential on a number of buy-in transactions with UK based pension schemes.
Advising Enstar on numerous funds at Lloyd's letter of credit facilities.
Acting for the Phoenix Group on a series of significant reinsurance arrangements.
Advising Prudential on various transactions relating to insurance, reinsurance, regulatory capital and longevity risk.
Advising a number of UK based insurers in connection with the restructuring of their assets so that they are eligible for the Matching Adjustment under Solvency II.