Tim Scott advises clients in the insurance sector on corporate and transactional matters, guiding clients through complex structural and regulatory challenges.

Tim draws on more than two decades of insurance industry experience to serve as a trusted strategic advisor on:

  • Insurance sector mergers & acquisitions
  • Reinsurance and collateral arrangements
  • Asset structuring for prudential purposes under Solvency II and other regimes
  • Insurer insolvency and resolution
  • Corporate reorganizations

Prior to joining Latham, Tim served as Senior Legal Counsel at the Bank of England / PRA for over a decade, where he helped shape Solvency II and the insurer resolution regime. His involvement in the drafting and implementation of these regimes gives him first-hand knowledge of the approach taken by the UK regulator, particularly in relation to restructured matching adjustment assets, funded reinsurance, and group consolidation issues.

Tim’s experience includes advising:

  • Onex Corporation on its US$7 billion acquisition of Convex, alongside AIG
  • CVC on the sale of Domestic & General to Asurion
  • DB Insurance on its US$1.65 billion acquisition of The Fortegra Group, Inc.
  • Blackstone Credit & Insurance on a partnership with AmTrust Financial Services, in the spinoff of certain of AmTrust’s Managing General Agencies into a new US$1.1 billion independent company
  • CVC on the sale of its 90.01% stake in Ethniki Insurance, a major composite insurer in the Greek market, to Piraeus Bank
  • Onex Partners on its acquisition of Accredited Insurance, a hybrid fronting insurer operating across the US, EU and UK, from the joint provisional liquidators of R&Q (Bermuda), and simultaneous LPT/ADC reinsurance arrangements with Enstar
  • A major structured finance creditor on the insolvency of FWU Life Insurance Luxembourg
  • Underwriters on the IPO of Aspen Insurance
  • Various Bermuda reinsurers owned by private capital firms, on life reinsurance blocks from cedents in the US, EU, and Asia
  • A private capital firm on asset structuring solutions for affiliated Bermuda reinsurers
  • A family office on multiple sidecar investments
  • A trading firm in relation to various sidecar and ILS-fund investments
  • Zimmer Financial Services Group on the sale of its specialty legacy insurance provider, Carrick Specialty Holding
  • Insurers on multiple deals involving unfunded credit protection, to support funded investors in bank SRT issuances
  • A private asset manager in relation to asset structuring for Solvency II firms as investors
  • FIS Global on the non-US carve-out of Worldpay as part of its majority stake sale to GTCR

Bar Qualification

  • England and Wales (Solicitor)

Education

  • LLM, University College London, 2012
  • BCom, Griffith University, 2002
  • LLB, Griffith University, 2002