Nicholas Bugler is a U.K. partner in the Corporate & Financial Services department of the firm. He advises on a wide range of issues affecting the international insurance and reinsurance industries. He advises both insurance and reinsurance companies, insurance general agents and investors of all types. Recently he has specialised in the intersection of the reinsurance and capital markets industries.
Corporate and Insurance Regulatory
Nick has advised on major corporate transactions, including complex reinsurance relationships between seller and buyer, mergers and acquisitions, the restructuring of an insurance business including cross-border transfers of an insurance portfolio into the UK; insurance business transfers under Part VII of the Financial Services Markets Act 2000; loss portfolio transfers and security arrangements offered to reinsurers. He has advised on the establishment of numerous “side car” reinsurance vehicles for UK and European insurers and advised on “cat bonds”. The interface between the reinsurance and capital markets is a significant part of his practice. He is noted as a specialist in the developing insurance linked securities market and the provision of collateralised reinsurance.
He has provided advice on the structuring of business which wish to enter the London insurance/reinsurance companies’ markets and the Lloyd’s market, the establishment of the insurers/reinsurers, regulation of insurers/reinsurers in the UK and the European Union, and on the establishment of a range of permitted activities of service companies owned by insurance groups.