Banking and capital services for insurance clients
Browne Jacobson is a natural go-to law firm for insurance organisations. Through our exceptional work across the insurance distribution chain with established insurance providers, brokers, MGAs and early-stage InsurTech innovators, puts us at the forefront of modernisation and change and exceptionally well-placed to help with your banking and capital raising plans.
Powered by our extensive expertise and knowledge across the insurance sector we provide a variety of legal transactional support to you in the following areas:
- Fundraising and venture capital - We’re proud of our proven track record, advising on investment rounds for high-growth insurance companies who are at the cutting edge of innovation and who are driving change. We also act for UK and overseas venture capital funds, angels and corporate investors.
- Mergers and acquisitions - As one of the UK’s most active law firms on corporate M & A and corporate deals, we’re able to combine our deal expertise with our insurance sector knowledge to successfully deliver corporate transactions in the sector.
- Public companies and equity capital markets - We have the expertise and the experience to help a public company through every stage of its lifecycle. This includes pre-IPO fundraisings and structuring, IPOs (whether on AIM or the Main Market), secondary fundraisings, restructuring, debt financings, takeovers and reverse takeovers.
- Banking and finance - Our banking and finance team capitalises on the firm’s unique insurance offering. Our ability to provide sector-focussed transactional, property and regulatory advice means that we win repeat work from funder and borrower clients in this sector.
We pride ourselves on our problem-solving and you won’t be disappointed with the service we give you.
Featured experience
Laka
Advised InsurTech business Laka on its $13.5m Series A round, led by Autotech Ventures with participation from Ponooc, ABN AMRO Ventures and Porsche Ventures.
Superscript
Advised award winning startup Superscript, the digital-first insurance broker for fast-growth technology and media businesses, on its $10.4m Series A funding round.
Anansi Technologies
Acted for InsurTech business Anansi Technology on its £1.5m seed investment led by Octopus Ventures with participation from a number of prominent angel investors.
Digital Fineprint
Advised InsurTech business Digital Fineprint on its $4m funding round led by Eos Venture Partners and Pentech.
Brokerbility
Advised on the sale of Brokerbility Holdings to Clear Group, including the transfer to Clear Group of Brokerbility’s technology trading arms being Brokertech and Brokerbility Information Gateway.
Eos Venture Partners
Advised Eos Venture Partners, a strategic venture capital fund focused exclusively on the insurance sector, on its investment in London-based InsurTech startup Concirrus, as part of a £5m round alongside deeptech investor IQ Capital.
Key contacts
Jon Snade
Partner
Emma Hinton
Partner
Gareth Davies
Partner
Ryan Brown
Partner
Harry Pearson
Senior Associate
Shania Sood
Associate
Melanie Hilton
Senior Associate
Tim Johnson
Partner
Jeremy Irving
Partner
Testimonials
"I am very grateful for all the support we have received from Jon and the Browne Jacobson team in closing our investment, which is strategically important to us as we continue to scale and enter new markets. Jon and his team provided expert advice and were always available at short notice to guide us through the deal process."
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Press Release
Browne Jacobson’s banking & finance team describe 2022 as a “game of two halves” after completing over £2 billion worth of transactions
Legal Update
Banking Transaction Updates - January 2023
Press Release
Manchester dealmakers advise Maven Capital Partners on £1m investment in fintech disruptor Nivo Solutions
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Sustainable finance - great opportunity but there are risks for businesses that do not engage
Legal Update
Trigger happy when directors’ duties are the target?
In a judgment handed down yesterday the Supreme Court has affirmed that a so called “creditor duty” exists for directors such that in some circumstances company directors are required to act in accordance with, or to consider the interests of creditors. Those circumstances potentially arise when a company is insolvent or where there is a “probability” of an insolvency. We explore below the “trigger” for such a test to apply and its implications.
Opinion
Sequana: Supreme clarification on the duty owed to creditors
The Supreme Court has unanimously dismissed the BTI v Sequana appeal and reviewed the existence, content and engagement of the so-called ‘creditor duty’; being the point at which the interest of creditors is said to intrude upon the decision-making of directors of companies in financial distress.
Legal Update
Banking Transaction Update July 2022 - North West transactions
There are clearly challenging macro-economic factors at play but at Browne Jacobson we continue to see good levels of transactional activity with certain sectors being particularly buoyant: healthcare, financial services, energy & infrastructure and tech.
Legal Update
Banking Transaction Update July 2022 – National transactions
Browne Jacobson continues to see good levels of transactional activity with certain sectors being particularly buoyant: healthcare, financial services, energy & infrastructure and tech.
Press Release
Browne Jacobson’s banking specialists advise HSBC UK Bank plc on management buy-out of UK’s largest family owned bicycle distributor
Browne Jacobson’s banking & finance lawyers have advised HSBC UK Bank plc on the financed management buy-out of Derby-based bicycle supplier and distributor, Moore Large for an undisclosed sum.
Press Release
Browne Jacobson broadens its construction offering with appointment of nuclear and renewable energy specialist
Browne Jacobson has broadened its national construction and engineering offering with the appointment of construction partner Zoe Stollard into its Birmingham office.
Legal Update
Banking Transaction Update February 2022 - North West transactions
Browne Jacobson’s banking & finance team continues to go from strength to strength. Its volumes are currently 25% ahead of last year’s & over the last 12 months the team advised on over 300 transactions across various sectors.
Legal Update
Banking Transaction Update February 2022 – National transactions
Browne Jacobson’s banking & finance team continues to go from strength to strength. Its volumes are currently 25% ahead of last year’s & over the last 12 months the team advised on over 300 transactions across various sectors.
Press Release
Browne Jacobson’s national banking & finance team announce £1bn worth of deal activity and 25% deal volume growth in the last 12 months
Over the last 12 months, the team which is made up of 14 specialist banking lawyers advised on over 300 transactions across various sectors including healthcare, private equity, financial services and tech. The deals have a combined value of £1 billion.
Press Release
Browne Jacobson appoints new head of banking for Manchester to spearhead growth
Browne Jacobson has appointed Graham Ball as the new head of its banking and finance team in Manchester following a period of sustained growth for the firm’s national banking practice.
Legal Update
Banking transaction update - June 2021
What a difference a year makes! See our transaction updates and our confident output in the Banking and Finance team.
Legal Update
UK Community Renewal Fund: prospectus 2021-2022
We explain the UK Community Renewal Fund priorities, submission and assessment of proposals and points to note for authorities.
Legal Update
Banking transaction update - Summer 2020
During what has been a difficult few months, it has been encouraging to see the energy and activity amongst funders as they support businesses. We have been absolutely delighted to assist our clients during this difficult time.
Legal Update
Deal prospects for 2020: challenges and opportunities
How will the current extraordinary events impact the transactional market? The COVID-19 crisis has certainly created enormous challenges for the deal market.
Legal Update
Financial Conduct Authority (FCA) looks for fairer treatment of corporate customers
For many corporates, cash flow has been the most difficult issue to manage in the wake of the Government restrictions around Covid-19.
Legal Update
COVID-19 and declaring dividends
COVID-19 is currently having an unprecedented impact on the global economy. The legal framework in place for lawfully declaring dividends has not been relaxed in light of the COVID-19 pandemic, so companies must take care to follow all of the usual rules when seeking to declare a dividend.
Legal Update
Mergers and acquisitions transactions and COVID-19 - 22 April update
We’ve already discussed various practical implications that COVID-19 is having on M&A transactions, but if transactions are continuing to go ahead, what are some of the legal considerations to bear in mind in the current climate?
Legal Update
Corporate tech update: Chancellor announces Future Fund to support start-ups and high-growth companies during Covid-19 pandemic
New measures have been announced today by HM Treasury and the Department for Business, Energy and Industrial Strategy, with the aim of supporting the UK’s community of next-generation technology businesses.
Legal Update
Implications of covid-19 on loan documents
The effect of Covid 19 will likely impact a significant number of borrowers and lenders alike causing them to review their underlying finance arrangements to assess rights, protections and vulnerabilities.
Opinion
Predicting the future (and getting it wrong); when a bankrupt’s bad deal can’t be undone
Good news for personal insolvency practitioners, the High Court appears to have closed the door to claims by bankrupts seeking to recover pension contributions made via Income Payments Agreements.
Published Article
Is insurance the new banking? Part 4: Facing up to behaviour and risk in the London Market
In September 2019 Lloyd’s of London “… announced … actions designed to make [its] market a place where everyone can feel safe, valued and respected …” Read about the findings here.
Press Release
Browne Jacobson advises Clydesdale Bank Plc on MBO of PE Systems
National law firm Browne Jacobson has acted as legal advisers to Clydesdale Bank Plc on the management buy-out (MBO) of Wigan based company PE Systems.
Press Release
Browne Jacobson rises up Experian’s dealmaker rankings
Browne Jacobson has enhanced its reputation as one of the country’s leading M&A advisers according to the latest rankings data from Experian.
Press Release
Browne Jacobson’s half year deals activity exceeds £500m
Browne Jacobson’s Manchester office has seen the value of deals which its corporate, banking and real estate teams have advised on exceed an aggregate of £500m in the first half of its financial year, a major milestone for the firm which has grown its transactions offering considerably over the same period.
Published Article
Business ready for no deal Brexit?
On 31 October 2019, the UK could leave the EU without a signed withdrawal agreement. Read here for key points your business should consider.
Press Release
Browne Jacobson advises on sale of TCL to idverde Group
Browne Jacobson has advised BGF and the shareholders of long-standing client TCL Group on the sale of the TCL business to idverde Group.
Published Article
Is insurance the new banking? part 3: Inappropriate personal behaviour, and conduct risk, in the Lloyd’s Market
This article addresses the regulatory issues around Lloyd’s’ evidence of inappropriate personal behaviour (sexual discrimination / harassment, and alcohol / substance abuse).
Legal Update
Government publishes response to Joint Committee report on the draft Registration of Overseas Entities Bill
Last month we reported that the House of Lords and House of Commons Joint Committee report on the draft Registration of Overseas Entities Bill had been published.
Training
Growth of the Asset Based Lending (ABL) market
In this two minute video Shaun McCabe, banking and finance lawyer, talks about the evolving ABL landscape.
Training
Infrastructure finance - a guide to infrastructure finance and recent trends
Banking and finance lawyer, Paul Hill, provides you with an update on infrastructure finance.
Legal Update
The disappearance of LIBOR
Companies should undertake a comprehensive review and audit to identify those products and legacy contracts that are LIBOR-linked and carry out an in-depth risk assessment of discontinuation. Where possible, companies should look at appointing an individual to oversee the programme.
Press Release
Browne Jacobson advises on Bridge Farm Group sale to Canadian based Sundial Growers
Browne Jacobson's Nottingham office has advised the shareholders on the sale of Bridge Farm Group to Canadian cannabis producer Sundial Growers Inc for an undisclosed consideration.
Press Release
Browne Jacobson advises Santander on MBO of IDE Systems Holdings Ltd
National law firm Browne Jacobson has acted as legal advisers to Santander on a debt and growth capital facilities funding package as part of the management buy-out (MBO) of IDE Systems (Holdings) Ltd (IDE).
Press Release
Browne Jacobson advises on LDC’s MBO of MSQ Partners
Browne Jacobson’s private equity team has advised NVM Private Equity (NVM) and the management of international marketing and communications group MSQ Partners on LDC’s investment into the company.
Published Article
Is insurance the new banking? Part 1: GI market and SM&CR
The UK general insurance market has for some time now been experiencing significant regulatory scrutiny, even pressure. There has been particular focus on the intermediation that procures customers' agreements with insurers, and the influence of intermediation on claims.
Press Release
Browne Jacobson advises OakNorth Bank on GroWell financing deal
National law firm Browne Jacobson has advised new client OakNorth Bank on its debt finance deal with GroWell.