Ali Siddiqui

Clients turn to Ali Siddiqui for advice on a range of corporate matters and insurance-related transactions, including pension de-risking transactions and related reinsurance and collateral arrangements. He has acted for a variety of insurers, reinsurers, pension scheme trustees and other corporates. Ali has deep experience in the life and annuity business (re)insurance space, covering bulk purchase annuities, longevity reinsurances and other de-risking solutions. Ali also has training and experience in Islamic Finance transactions from both the MENA region and the UK.

• A landmark deal advising Pension Insurance Corporation, a specialist insurer of DB pension schemes, on the largest ever bulk annuity transaction (as at February 2023): a buy-in with the trustees of two pension schemes sponsored by RSA Group, insuring around £6.5 billion of pension liabilities (relating to approx. 40,000 members).*
• The de-risking of Natwest Group's pension scheme through a multi-million pound buy-in transaction opposite Rothesay Life, focussing on the terms governing the premium asset portfolio and asset transfer mechanics.*
• The structuring and documentation on multiple reinsurers' use of the innovative SPIRE repack programme, e.g. in respect of CAD 50 million fixed rate notes opposite a major dealer bank.*
• Reinsurance by SCOR of a £5.5bn longevity reinsurance transaction in respect of deferred members of a pension scheme; SCOR’s first ever reinsurance to involve deferred lives.*
• A USD 100,000 Wakala financing by a major Dubai-based Islamic bank of a Kuwait-based obligor.*

* experience gained at a previous law firm

• 英格兰和威尔斯