The London office of Sidley Austin LLP has advised Munich Re, the global reinsurer, on its assumption through reinsurance of £300 million of longevity risk from Pension Insurance Corporation.
The Sidley team was led by the head of the London insurance team, Martin Membery, and Global Finance Partner, Matthew Dening.
“Sidley is delighted to have supported Munich Re on its continued expansion into the longevity hedging market,” said Membery. “Our blend of insurance, derivatives and finance experience has placed us firmly at the forefront of this fast developing market.”
Sidley has recently been named “Market Facilitator of the Year” at the respected Trading Risk Awards 2012. The awards recognise companies that drive innovation and set a high benchmark of professionalism and achievement.Trading Risk is a leading publication covering the convergence of the (re)insurance industry with the capital markets sector. The “Market Facilitator of the Year” award was given to the Sidley team for being at the forefront in structuring innovative convergence transactions.
Sidley is one of only a few global law firms to have a substantial, multidisciplinary practice group devoted to the insurance and financial services industry. The firm has more than 35 years of experience and a team of more than 90 lawyers dedicated to providing transactional, regulatory and dispute resolution counsel to the insurance industry and financial institutions that transact with insurance companies.
Sidley Austin LLP is a premier full-service law firm with approximately 1700 lawyers practicing in 18 offices, including four in Europe—Brussels, Frankfurt, Geneva and London. This year, Sidley celebrates 30 years in Asia.
