Jonathan Russell

Just Retirement Limited on a £1bn funded reinsurance transaction with Brookfield Wealth Solutions.

Cardano, a long-term savings specialist in the UK and the Netherlands with approximately $66 billion in assets under management, on its sale to Mercer.

Royal London on all aspects of its entry into the bulk annuity market and its first 7 bulk annuity transactions.

M&G plc on various bulk annuity transactions including a £320m buy-in with the NSK Pension Scheme and a £260m buy-in with The Northern Bank Pension Scheme.

NN Life, the largest life insurer in the Netherlands, on a series of longevity reinsurance transactions with both European and US reinsurers.

AXA Life Europe on its reinsurance to New Reinsurance Company, a Munich Re group company, of approximately EUR3bn of variable annuities.

LHV on its acquisition of the SME lending business of Bank North.

Qatar Insurance Company on its participation in a £200m investment by Pollen Street Capital in UK insurance broker, Markerstudy, and QIC’s ongoing strategic partnership with Markerstudy.

The Gallaher Defined Benefit Pension Scheme on its £1.7bn buy-in/buy-out with Phoenix Life Limited.

Monument Re on its acquisition of GreyCastle Holdings, a Bermudian reinsurance vehicle with liabilities of £3bn.

The Trustees of the Old British Steel Pension Scheme on the £2bn “PPF+” buy-in/buy-out transaction with Pension Insurance Corporation.

Royal London on its scheme of arrangement to provide policyholders in the Scottish Life Fund with greater flexibility by monetising guaranteed annuity rates.

Argo Re and other Argo Group entities on the disposal of its European operations to Riverstone.

Canada Life on the disposal of a legacy insurance business to Scottish Friendly.

IBM on the global separation and reorganization of Kyndryl Holdings, Inc., its managed infrastructure services business, prior to the spin-off of Kyndryl into a separate publicly traded company.

Lloyds Banking Group and Scottish Widows on its acquisition of Zurich's UK workplace pensions and savings business, with £19bn of AuA. 

A major global pharmaceutical company on strategic M&A and licensing and collaboration arrangements.

AXA on the disposal of its Bluefin insurance broking business to Marsh & McLennon and on the acquisition of Simplyhealth's private medical insurance business.

M&G / Prudential on its £13bn cross-border reorganisation of its Hong Kong life and general insurance business. 

Phoenix Group on the sale of two annuity portfolios and the reorganisation of its insurance businesses by means of schemes under Part VII FSMA.