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Philip Jarvis

Partner

London

Jarvis Philip
Philip Jarvis

Partner

London

Philip leads the Insurance group and specialises in corporate insurance and regulatory matters. He has experience in insurance M&A, regulatory capital, securitisation of insurance risks, insurance derivatives, reinsurance, product design, outsourcing of insurance services, insurance distribution agreements and matters involving Lloyd's of London.

The "outstanding" Philip Jarvis is a highly respected insurance practitioner with significant expertise across regulatory and transactional matters. One client says: "He is a genuine expert in his field, extremely bright and at the same time very pragmatic, with a keen sense of how to best move forward on any particular issue. He is also very creditable in negotiations and in the boardroom." Chambers UK 2018 (Insurance) 

Philip Jarvis is the key figure at Allen & Overy LLP, where highlights have included advising Aviva on its £5.6bn all-share acquisition of life insurance specialist Friends Life, a transaction to be implemented by way of a scheme of arrangement. The team also acted for Aviva on its £1.7bn disposal of its latent risk portfolio to Swiss Re, and advised BCE on its high-value longevity insurance agreement with Sun Life Assurance Company of Canada. The team attracts a mix of life and non-life mandates, and has also been significantly active in the longevity risk transfer market, advising on pension portfolios and the reinsurance of longevity risks. Other notable clients include Guardian Financial Services, Royal & Sun Alliance, Legal & General Group and Morgan Stanley. Legal 500 UK 2017 (Insurance) 

Experience highlights include advising: 

UK Government Department for Business, Enterprise & Regulatory Reform (BERR) on a new GBP5bn scheme to provide state-backed reinsurance to credit insurers who provide trade credit insurance to UK businesses. 

Beazley Group, a global specialist insurance and reinsurance group, on its rights issue and placing to raise approx GBP150m (net of expenses), its acquisition of First State Management Group and its intention to redomicile to Ireland. 

Royal & SunAlliance on the disposal by auction of its UK life business to Resolution Life Group (which included an insurance business transfer under Part VII FSMA), capital release and various reinsurance arrangements. 

OTP on the sale of its insurance operations in Central and Eastern Europe to Groupama, a French financial services company. 

Swiss Re on the acquisition of UK annuity portfolios from Friends Provident, Zurich Life Assurance, Co-operative Insurance Society and Norwich Union (Aviva). 

Rothesay Life on its agreement with the Rank Group to purchase the assets and liabilities of the Rank Group Pension Scheme. 


News & insights

LCD screen showing stock market graphs

Publications: 29 SEPTEMBER 2020

New EU digital finance strategy and proposals – September 2020

The European Commission yesterday adopted a new digital finance package, made up of a digital finance strategy, a retail payments strategy, legislative proposals for an EU regulatory framework on…

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Accountability regime for senior managers of financial institutions in Singapore

Publications: 29 SEPTEMBER 2020

Accountability regime for senior managers of financial institutions in Singapore

The MAS has issued its finalised Guidelines on Individual Accountability and Conduct, which will come into effect on 10 September 2021.

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Wires connected to an electrical circuit board

Publications: 28 SEPTEMBER 2020

Podcast: Bill 7637 - a new era for crypto-securities?

Luxembourg is about to add the missing piece to its legislative framework to enable the issuance of crypto-securities using decentralised ledger technology (“DLT”).

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Publications: 27 MARCH 2020

Covid-19 coronavirus: are you protected under your Business Interruption Policy?

Members of Allen & Overy’s Insurance and Litigation teams held a call to discuss the extent to which business interruption policies protect against losses arising from the Covid-19 coronavirus…

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Office

London

Allen & Overy LLP
One Bishops Square
London
E1 6AD

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Qualifications

Professional

Admitted as solicitor, England and Wales, 1994

Academic

BA, University of East Anglia (UEA)

CPE, 1992

Published work

Published articles in various trade publications including Lloyd's List on Actions and Reinsurance.