Jennifer McCarthy

  • Jennifer McCarthy
  • PARTNER, HEAD OF INSURANCE AND REINSURANCE
  • +353 1 920 1167
  • Arthur Cox, Ten Earlsfort Terrace, Dublin 2, D02 T380, Ireland

Expertise

Jennifer is head of the firm’s Insurance Group. Jennifer advises both domestic and international clients on all aspects of insurance law and regulation. Jennifer’s practice includes advising on the establishment of an Irish carrier; on-going prudential requirements (e.g. solvency requirements, corporate governance, compliance and substance requirements) and the provision of insurance on a cross-border basis (e.g. conduct of business rules, product offerings and establishment requirements for third country providers). Jennifer has advised extensively on portfolio transfers (both life and non-life), cross-border mergers, court-sanctioned amalgamations and transfers of insurance/reinsurance business and notifiable acquisitions/disposals in Irish insurers/reinsurers. Jennifer also advises on distribution arrangements (including white labelling distribution), outsourcing in the insurance sector and reinsurance / retrocession arrangements. She also has extensive experience advising on administration/liquidation processes for Irish insurers and access to statutory compensation schemes. Jennifer joined Arthur Cox in 2012 having previously worked in the insurance practice of an other large Irish corporate law firm for over six years. Jennifer is the Irish contributing author to two leading textbooks on cross-border mergers in Europe and has presented on a range of insurance topics over the last number of years.

Experience

  • Acting for Swiss Re in its disposal of a minority stake to reassure to MS and AD.
  • Acting for Swiss Re’s business unit Admin Re on the Irish aspects of its proposed acquisition of  Guardian Financial Services for GBP 1.6 billion.
  • Advising RSA on a number of matters including the proposed intra-group transfer of its Irish business by combined portfolio transfer and cross-border merger.
  • Advising CNP on its €300 million acquisition of a 51% stake in Santander’s Irish insurance operations.
  • Advising EXOR on its $6.9 billion acquisition of the Partner Re Group.
  • Advising Accenture on the redomicilation of its captive insurance business.
  • Advising the liquidator of Setanta Insurance Company Limited on regulatory aspects of the insolvency including access to the Irish Insurance Compensation Scheme.
  • Advising Great West Life Co on its acquisition of the Irish Life Group.
  • Advising KBC Insurance in relation to its white labelled life and non-life distribution arrangements.
  • Advising the Quest Group on the acquisition of a number of Irish run-off portfolios.
  • Advising on numerous portfolio transfers of captive business, including for Accenture, Koch Industries and Preem AG.
  • Advising the Covea Group on its acquisition of a majority stake in Medical Insurance Company DAC.
  • Advising a consortium of investors on the potential acquisition of the run-off business of a large Irish Life Insurer.
  • Advising IPB Insurance in relation to its outsourcing arrangements and the disposal of its subsidiary brokerage business by renewal right sale.
  • Advising a large UK bancassurance group on the contemporaneous transfer of business of its life and non-life insurance carriers from Ireland to the UK.
  • Advising on the transfer of the German general insurance business of an international insurance group into an Irish authorised head office by combined cross border merger/portfolio transfer mechanism.
  • Advising on the administration of a large Irish Insurer and the operation of the Insurance Compensation Scheme.
  • Advising on product design for a large Irish Life Insurer.

Publications

Education
  • BCL (Law and French) (First Class Hons), University College Cork 2000
  • Smurfit Graduate School of Business – Diploma in Financial Studies (First Class Hons) 2001
Professional
  • Admitted as a solicitor in Ireland in 2006
Memberships
  • The Law Society of Ireland
  • The Association of Compliance Officers in Ireland