Virtually all corporate transactions and activities of the 21st century have complex insurance elements. In some instances, insurance may be the dominant feature in a matter, such as when an insurance portfolio is transferred from one service provider to another, or an insurance claim is repudiated and a dispute arises. In other cases, insurance may form a smaller but no less vital component, whether in relation to a sale or purchase agreement in a cross-border M&A transaction or in terms of the regulatory approvals that might be required.
Our insurance law specialists are active across the insurance value chain in Sub-Saharan Africa, advising some of the region’s leading insurers and reinsurers and acting for clients in industry sectors where risk is inherent – aviation, construction and engineering, healthcare, manufacturing, marine, mining, and telecommunications, among others.
We advise on intricate, high-value transactions such as acquisitions and investments, financing, tax and disputes. We are regularly approached by insurers and corporates to provide guidance on insurance-related regulatory, compliance and governance issues.
Insurance penetration in key markets, such as Kenya, currently stands at around 3% and there is much room for growth. We advise clients seeking to grow their presence in the region on insurance product development, business structures and legal compliance.
Our lawyers have strong relationships with financial services regulators in the jurisdictions in which we have offices, combined with a deep knowledge of local laws and regulations, and business conditions.