Jennifer McCarthy

Jennifer-McCarthy-WU

Expertise

Jennifer is a partner in 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’s business unit Admin Re on the Irish aspects of its proposed acquisition of  Guardian Financial Services for GBP 1.6 billion.
  • Advising CNP on its €300 million acquisition of a 51% stake in Santander’s Irish insurance operations.
  • Advising EXOR on its $1.6 billion acquisition of the Partner Re Group.
  • Advising the liquidator of Setanta Insurance Company Limited on regulatory aspects of the insolvency including access to the Irish Insurance Compensation Scheme.
  • 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 (including PMI Mortgage Insurance Company Limited).
  • Advising Koch Industries on the transfer of its captive insurer’s liability business to AIG.
  • Advising Preem AG on the transfer of its liability business and the closure of its Irish operations.
  • 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 a large Irish mutual insurer 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.

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

Publications