Clifford Chance

Clifford Chance boosts leading insurance group with hire of Ashley Prebble

Leading international law firm, Clifford Chance announced today that Ashley Prebble is to join the firm's tier one ranked corporate insurance practice in London.

Ashley Prebble is currently a corporate insurance partner at Norton Rose Fulbright with particular expertise in the Lloyd's and London Market and general insurance. He specialises in corporate and regulatory insurance work including initial public offerings (IPOs), mergers and acquisitions, Part VII transfers, distribution agreements and regulatory matters.

At Norton Rose Fulbright, Ashley Prebble has advised on a number of high profile insurance transactions including the Part VII transfer of Royal Bank of Scotland's Churchill, Direct Line and NIG businesses into UK Insurance; the £135m sale of HSBC Insurance Brokers to Marsh; Admiral Group plc’s £711 million IPO; Brit Insurance Holdings' $300m sale of Brit Insurance Limited to Riverstone Holdings; and the restructuring of the Combined Insurance Company of America following its acquisition by ACE through multiple portfolio transfers.

Katherine Coates, head of the corporate insurance practice at Clifford Chance, explains: "Ashley joins us at a key time for the insurance industry, which faces unprecedented challenges and uncertainty due to market and regulatory pressures.

"Ashley's particular experience of London market and general insurance operations will be a valuable addition to our current team, which is uniquely placed to support our clients across the sector on a wide range key strategic projects and transactions in both mature and growth markets."

Ashley adds: "Joining Clifford Chance is the perfect opportunity to develop my practice in the London market and internationally, working as part of a leading global insurance sector team. I look forward to working closely with the firm's pre-eminent private equity and regulatory teams, as financial investors are playing an increasing important role in the sector and sweeping changes in regulation and regulator approach pose new challenges for clients."

Clifford Chance's leading Global Insurance Industry Sector Group comprises over 180 leading lawyers from its corporate, banking & finance, capital markets, M&A, regulatory, dispute resolution, antitrust, tax, real estate, pensions and employment teams in all of our major offices. The firm's clients include major international insurance groups; property and casualty insurers and reinsurers (including participants in the Lloyd's market and London Market and Bermuda based insurers); life insurers and reinsurers serving domestic and international markets; mutuals and on and offshore captives; insurance and reinsurance brokers; underwriting agencies; international banking groups conducting insurance sector related activities; and specialist advisers to the insurance industry.