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Distribution and commercial contracts

Whether you need technical mastery or a proactive and commercial approach to negotiation, our commercial lawyers provide business-focussed advice through all stages of commercial transactions.

Our versatile team handles a broad range of commercial arrangements for insurance and financial services sector clients, from day-to-day commercial agreements to strategically important distribution deals.
We are regularly called on to support clients in product distribution matters, including partnerships, bancassurance and white-labelling, and other terms of business.

Our team advises on delegated underwriting authorities, MGAs, claims handling agreements, appointed representative agreements, third party administration, while we can also help with outsourcing, e-commerce distribution, including software licensing/development and data protection.

Many members of our team have worked in, or been seconded to, the in-house legal function of an insurance, broking or wider financial services business and are familiar with the challenges faced by individuals in the sector. We understand the business perspective and know how to provide the practical, clear and commercial advice our clients need.

Where we need to work alongside lawyers in other jurisdictions, we are part of the TerraLex network and have access to over 150 law firms in 100 jurisdictions across the globe.

 Examples of work:

  • RSA - advising RSA on its affinity scheme arrangements with Home Retail Group for the underwriting of pet insurance to be sold under the Argos and Homebase brand
  • LMA and IUA - drafting and advising on the standard TOBAs used in the London Market
  • Well known Lloyd's managing agencies - advising on the new shared services contract with Xchanging and termination of the existing contract with Capita
  • Major UK insurer - preparing a suite of precedent services and claims handling agreements
  • Global insurer - advising on its contractual arrangements for the provision of an online broker portal for a SME business in a number of European jurisdictions

The Team