Tim Scott is a counsel in the London office of Latham & Watkins. With over 20 years’ experience in the insurance sector, Mr. Scott has played a leading role in shaping the insurance regulatory landscape in the UK.
Prior to joining Latham, Mr. Scott was a Senior Legal Counsel at the Bank of England where he led the Bank’s work on insurer insolvency and resolution. From 2016, he played a leading role covering all major aspects of Brexit as it affected financial services, including equivalence, onshoring, and supporting trade negotiations as part of the Bank’s EU withdrawal unit.
Mr. Scott also holds a unique perspective on the Solvency II regime in the UK and Europe from his time at the Prudential Regulation Authority, and the former Financial Services Authority. There he gained insight into the approach taken by the regulator when determining key applications made by the industry during that period, particularly in relation to restructured matching adjustment assets.
Prior to his significant regulatory positions, Mr. Scott worked in private practice where he specialized in insurance M&A transactions, longevity trades, reinsurance arrangements, ISPVs, insurance financing, and complex regulatory matters affecting insurers.