Kirsty Maclean

Partner

London
Willkie Farr & Gallagher (UK) LLP
Citypoint, 1 Ropemaker Street
London EC2Y 9AW
T +44 20 3580 4828
F +44 20 3580 4800
kmacleanwillkie.com

Kirsty Maclean is a partner in the London office and member of the Corporate & Financial Services Department. Kirsty advises insurance, reinsurance and other financial institution clients on a broad range of transactions and non-contentious matters. Kirsty has gained a reputation as a notable lawyer in the longevity and pension de-risking market, having advised European and US-based clients on many of the largest and highest-profile longevity transactions completed to date. Kirsty regularly advises on complex collateralised reinsurance transactions and has a particular focus on the interface between (re)insurance and the capital markets.

Kirsty is recognised as a “Next Generation Partner” by The Legal 500 UK (2022) for Insurance: Corporate and Regulatory with clients commenting that she “has incredible industry knowledge which makes her an invaluable asset to anyone who works with her. She has a solution-focused approach to transactions which produces results that work for her clients long into the future”.

Kirsty Maclean is a partner in the London office and member of the Corporate & Financial Services Department. Kirsty advises insurance, reinsurance and other financial institution clients on a broad range of transactions and non-contentious matters. Kirsty has gained a reputation as a notable lawyer in the longevity and pension de-risking market, having advised European and US-based clients on many of the largest and highest-profile longevity transactions completed to date. Kirsty regularly advises on complex collateralised reinsurance transactions and has a particular focus on the interface between (re)insurance and the capital markets.

Kirsty is recognised as a “Next Generation Partner” by The Legal 500 UK (2022) for Insurance: Corporate and Regulatory with clients commenting that she “has incredible industry knowledge which makes her an invaluable asset to anyone who works with her. She has a solution-focused approach to transactions which produces results that work for her clients long into the future”.

Selected Significant Matters

Kirsty has advised on the following significant matters*:

  • Swiss Re on its reinsurance of Friends Life Limited (now part of the Aviva Group) with respect to its longevity insurance transaction with the Trustees of the Scottish & Newcastle Pension Plan
  • Swiss Re in relation to the longevity reinsurance of the Aviva Staff Pension Scheme, the pension fund of Aviva Life & Pensions UK Ltd
  • Swiss Re on a substantial international value-in-force reinsurance transaction
  • U.K. insurer on the implementation of an internal company restructure
  • North American insurer with respect to a major proposed acquisition
  • Global reinsurer on financial reinsurance arrangements
  • Global reinsurer on its governance arrangements
  • Life and critical illness insurer on the potential impact and permissible product options in response to the decision of the ECJ in the Test Achats case
  • Pension Insurance Corporation on the reinsurance aspects of its capital raising and  related reorganisation
  • Pension Insurance Corporation on various longevity reinsurance transactions
  • Abbey Life Assurance Company Limited in relation to its longevity insurance transaction with the Trustees of the BMW UK Pension Scheme
  • The Trustees of the Pall UK Pension Scheme on the first index-based longevity derivative transaction
  • Investment Banks on the categorisation of certain financial products as either insurance or derivatives

* Kirsty advised on some of these matters prior to joining Willkie

Prior Experience

Kirsty has gained substantial experience working in-house in the insurance and reinsurance sectors. In particular, she advised Swiss Re’s life and health structured transactions business in Europe and Asia from January 2013 until she joined Willkie in December 2015.

Selected Professional and Business Activities

Kirsty served as the governance secretary of the LLMA (Life and Longevity Markets Association), a not for profit organisation established to promote a liquid traded market in longevity and mortality related risk from February 2013 to November 2015. She is a co-author of a chapter dedicated to longevity securitisation within The Handbook of Insurance-Linked Securities published by Wiley in 2009.