Lawrence Graham insurance and reinsurance

Compliance, regulatory and corporate governance

Lawrence Graham's specialist financial services regulatory team has a strong track record in assisting and advising our insurance market clients on regulatory and compliance issues affecting their business and the management of their business.  It is recommended in the UK legal directories for both contentious and non-contentious work.

The impact of regulation on insurance sector businesses is all-pervasive and constantly evolving – specialist advice in such a complex environment is often crucial and our experts have extensive experience in working with insurance market participants to ensure that regulation is not an impediment to the commercial objectives of their business.

We also advise insurance companies, brokers and directors and industry bodies on criminal and civil liability issues, corruption, fraud and economic crime.  The team includes Eoin O'Shea, an acknowledged expert on the UK's new Bribery Act and related matters.

Compliance, regulatory and corporate governance

We can advise you on:

  • FSA regulations and requirements
  • Technical legal aspects of the UK prudential regime applicable to insurance companies
  • Transfers of insurance business under the Financial Services and Markets Act 2000
  • The effect of the Bribery Act 2010
  • Requirements for internal systems and controls

Compliance, regulatory and corporate governance

Typical examples of the type of work undertaken by the team include:

  • Advising on the need for obtaining FSA authorisation
  • Advising on the responsibilities and liabilities of insurance companies in their relationships with appointed representatives
  • Advising on technical legal aspects of the UK prudential regime applicable to insurance companies
  • Advising on transfers of insurance business under the Financial Services and Markets Act 2000
  • Advising senior management and compliance officers on requirements for internal systems and controls
  • Advising on the operation and impact on intermediaries of the FSA's client money protection requirements
  • Advising on the handling and regulatory impact of customer/investor complaints arising out of changes made to investment products by third parties
  • Advising a UK company in relation to its obligations upon implementation of the 2010 Bribery Act.
Compliance, regulatory and corporate governance
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Legal advice for the insurance industry
Insurance clients are very important to us: our work for the insurance sector accounts for over 20% of our business.
08 Dec 2011 DOWNLOAD PDF

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Compliance, regulatory and corporate governance

"Lawrence Graham LLP has a ‘good niche insurance practice’; it has ‘excellent industry knowledge’, and provides ‘practical advice, with particular consideration to costs’" – The Legal 500 UK

"Lawrence Graham is valued for its "superb level of service". The "impressive" Eoin O'Shea is recommended" – The Legal 500 UK 

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