"Responsive, accessible, and down to earth"
UK Legal 500
Jane Childs is a partner in the London office of Mayer Brown's Insurance & Reinsurance practice which is highlighted in UK Legal 500, 2012
for its “industry knowledge and the appropriateness of its advice” and “real strength in financial institutions insurance”.
Jane is one of the lead financial lines partners in the group and has extensive experience of handling complex, high-value crime, civil liability and D&O claims in this sector. Jane is recognised in UK Legal 500, 2012
as an “expert in financial lines”. Jane has achieved ‘trusted adviser’ status with many of the leading insurers of financial institutions and is described as “responsive, accessible and down to earth” in UK Legal 500, 2010
and “‘First class’” in UK Legal 500, 2007
Jane has been at the forefront of advising the insurance market on Madoff claims, rate fixing scandals, prospectus liability issues and a range of mis-selling claims over the past two decades. She also handles significant and very sensitive D&O claims, including those with US securities class action exposure, wide-ranging regulatory investigations and complex offshore trust and administration liability issues. Jane has defended asset/fund managers against claims for breach of investment mandates and fund mismanagement; defended private banks for breach of mandate claims; and represents offshore service providers in connection with administrator and director disputes.
Jane works with insurers to create new insurance products and has played a pivotal role drafting wordings for stockbrokers’ liability, professional liability for financial institutions, and bulk annuity buy-in and buyout policies for the pensions sector. She advises pensions trustees on all insurance aspects of bulk annuity policies including the capital structures of insurers, priorities on insurance insolvency, recourse to the Financial Services Compensation Scheme, insurer regulation and negotiations of buy-in and buyout insurance products. Jane represented the trustees of the Total UK Pension Plan who insured £1.6 billion of pensioner liabilities with Pension Insurance Corporation (PIC) in June 2014; this is one of the UK industry's largest bulk annuity deals and the size of the transaction required the implementation of an innovative structure with PIC. Recently, Jane has been advising pension trustees on Prudential's proposed transfer of insurance business under Part VII FSMA from PRIL to PAC; and assisting trustees with pension trustee liability run-off insurance considerations in the context of winding up.
Jane also has experience of defending accountants and auditors in relation to claims for negligence and misrepresentation arising out of audits, share valuations, corporate transactions and property appraisals. Jane was previously part of the litigation team representing Coopers & Lybrand in large scale commercial litigation arising out of the audits of the Maxwell group of companies and subsequently spent time on secondment with the Office of General Counsel at PwC UK, working as a Legal Adviser and Risk Management lawyer for the Tax and Legal Services business. Jane has considerable experience working with the captive of a major accounting firm, managing offshore professional liability claims brought against trustees in respect of investment mandate and fund management issues.