Bedell Cristin provides pan Channel Island advice on Covéa's acquisition of Sterling Insurance Group27 Jan 2015
Bedell Cristin's Guernsey and Jersey offices have acted alongside each other as counsel to the French mutual Covéa in connection with its purchase of UK regulated life insurer Sterling Insurance Group.
Covéa is one of the largest mutual insurers in France, providing a wide range of life and non-life insurance products and operates in a number of other countries including the UK, Italy and the US. Covéa's UK operations include Covéa Insurance and Swinton Insurance. Sterling Insurance Group operates across a number of different specialist market sectors and offers a diverse range of products and services. Completion of the deal is subject to regulatory approvals.
Bedell Cristin's Guernsey office, led by partner Mark Helyar and assisted by senior associate Richard Sharp, provided corporate and regulatory advice in connection with the Guernsey operations of Sterling Insurance Group. Bedell Cristin's Jersey office, led by partner Tim Pearce, provided Jersey regulatory advice. The Bedell teams worked with lead counsel for Covea, Ashfords LLP.
On the involvement of Bedell Cristin, Mark Helyar comments:
"Bedell Cristin is pleased to have been able to assist with this transaction in both Guernsey and Jersey. Our depth of experience of insurance and regulatory issues enabled us to provide commercial advice in connection with the regulatory aspects of this transaction on a pan Channel Islands basis. We have once again demonstrated why we are ranked as one of the top firms across the Channel Islands".
For further information please contact Mark Helyar, Tim Pearce or Richard Sharp.