"He has great sector knowledge and wide-ranging experience - he has seen everything there is to see."Chambers UK 2019
Jeremy Hill is Senior Counsel in the Corporate & Securities practice of the London office. He has three decades of experience in insurance and financial institutions transactions and is one of the leading transactional lawyers in the UK financial institutions sector.
Jeremy is a leading practitioner in mergers & acquisitions, corporate and corporate finance transactions in the UK and cross-border transactions within Europe, including the representation of significant US corporations in European mergers & acquisitions transactions. He is well-known for his representation of clients in matters relating to Lloyd’s, where he represents a number of agents and brokers. His representation includes acquisitions, disposals and joint ventures, and advice on insurance and reinsurance coverages and on regulatory matters, both transactional and contentious, including representing clients in disciplinary and arbitrational proceedings.
Jeremy's regulatory practice includes establishment and authorisation of regulated financial institutions in the UK and EU, controller and change of control issues, Part VII business transfers and systems and regulatory control issues. He has extensive experience in advising financial institutions on regulatory and compliance liability issues, including on their insurance coverages for directors’ and officers’ liability, professional indemnity and errors and omissions.
He has handled a number of investigations and regulatory enforcement actions brought against client institutions by the Financial Services Authority or Lloyd’s, as well as arbitrations, disciplinary proceedings and Appeal Tribunal cases. In the Lloyd’s market, Jeremy has represented underwriters and brokers in arbitrations and action group proceedings, his experience dating back to the “PCW Affair” in 1984. Insurance programmes on which he has advised range from the coverage programme for the Winter Olympics to the world’s largest satellite multi-launch coverage programme.
Jeremy has published numerous articles and is a frequent public speaker.
Prior to joining Mayer Brown, Jeremy's experience includes:
- Argenta in the sale of Syndicate 2121 at Lloyd's and the Argenta members' agency to Hannover Re.
- TIAA-CREF in its acquisition of the remaining ownership interest in TIAA Henderson Real Estate, with both entities managing over $76 billion of worldwide real estate assets.
- Global Atlantic Financial Group in the sale of its Bermuda and Lloyd’s insurance and reinsurance businesses to BTG Banco Pactual.
- GreyCastle Holdings in its $570 million acquisition, backed by a consortium of investors, of the run-off Life Reinsurance operations of XL Group.
- A subsidiary of Berkshire Hathaway in its acquisition of Hartford Life International Limited, an Irish domiciled variable annuity writer, for approximately $285 million.
- TIAA-CREF in its partnership with Henderson Group PLC to create TIAA Henderson Real Estate Limited, a new global real estate investment management company, with total assets under management of over $63 billion.
- American International Group in the buy-out of its joint venture partner Aurec from AIG Israel.
- Berkshire Hathaway in its $778 million acquisition of future cash flow from Caixa Bank’s life insurance portfolio.
- AIA Group in its $1.7 billion acquisition of ING's Malaysian insurance businesses.
- Omega Insurance Holdings in its agreement with Canopius Group on the terms of a recommended £164 million all-cash bid for Omega by Canopius.
- Hardy Underwriting in its £143 million acquisition by CNA Financial.
- Goldman Sachs Reinsurance Group in its acquisition of the Bermuda-based reinsurance operations of Ariel Holdings.
- The Hanover Insurance Group in its £313 million public bid for Chaucer Holdings Plc.
- Novae Group plc on its return of £32.9 million of surplus capital to shareholders through an innovative B and C share scheme.
- Hardy Underwriting Bermuda in its response to the unsolicited takeover approach announced by Beazley plc.
- Novae Insurance Company Limited on the transfer of its insurance business and reserves to Lloyd's Syndicate 2007 by Court order under Part VII of the Financial Services & Markets Act 2000.
- American International Group in its proposed sale of AIA Group to Prudential for approximately $35.5 billion.
- Syncora Holdings Ltd., a Bermuda-domiciled holding company, and its wholly owned New York and London subsidiaries, which underwrite financial guarantee insurance, Syncora Guarantee Inc. and Syncora Guarantee UK Limited (the "Company”), in connection with a comprehensive restructuring that relieved the Company of approximately $6.0 billion in losses and loss reserves.
- The incoming board of directors of Omega Insurance Holdings Limited on the requisitioned shareholder meetings.
- Hardy Underwriting Bermuda Limited in its joint venture with Arab Insurance Group to form Hardy Arig Insurance Management, based in Bahrain.
- Catlin Group in its £200 million rights issue, underwritten by JP Morgan and UBS.
- Benfield Group in its £935 million sale to Aon Corporation.
- Goshawk Insurance Holdings plc in its acquisition by Enstar Group Limited.
- Pacific Life Insurance in its acquisition of the International Life Reinsurance segment of Scottish Re Group Limited.
- Catlin Group in its successful £590 million City Code tender offer for Wellington Underwriting.
- Aetna Life Insurance in its acquisition of Goodhealth Worldwide.
- Hardy Underwriting Group plc in its redomiciliation to Bermuda by Scheme of Arrangement under s.425 of the Companies Act and the admission of Hardy Underwriting Bermuda Limited to listing on the London Stock Exchange.
- Novae Group Plc in its £103 million rights issue and admission to listing on the London Stock Exchange.
- Benfield Group in its £157 million initial public offering of common shares, listed on the London Stock Exchange.
- Catlin Group in its £190 million initial public offering and London Stock Exchange listing.
- England and Wales
- Noted as a Senior Statesman for non-contentious insurance work in Chambers UK (2019) where is is described as a seasoned practitioner who offers extensive experience across a broad spectrum of transactional and regulatory insurance matters. Clients say: "He has great sector knowledge and wide-ranging experience - he has seen everything there is to see."
- He has been recognised as a member of “The Hot 100” by The Lawyer magazine.
- Jeremy is noted as a Senior Statesman for non-contentious insurance work in Chambers UK (2017), where he is described as "one of the best insurance lawyers in London…renowned for his pre-eminent experience, judgment and technical knowledge."
- He is recommended for Insurance: Corporate & Regulatory by The Legal 500 UK (2016).
- He is noted in Chambers UK (2012) for his “considerable experience on corporate transactions.”
- He is described as “one of the best insurance lawyers in London…renowned for his pre-eminent experience, judgment and technical knowledge” in Chambers UK (2010).