Partner

Dan Meatyard

Languages

English

Dan Meatyard is a Partner in the Insurance, Risk and Capital Transactions Team. He specialises in advising financial institutions on risk transfer transactions with a focus on the pensions and life insurance markets.

Dan regularly advises on complex bulk purchase annuity insurance transactions, the structuring of longevity and asset reinsurance arrangements and primary and secondary longevity swap transactions. He provides regulatory advice on the Solvency II / Solvency UK regime, specifically the Matching Adjustment and questions around regulatory capital.

Relevant experience

A UK sponsor on establishing an offshore captive structure to reinsure the buy-in of the pension scheme with M&G.
UK insurer clients on the conversion of historical bank-led longevity derivative transactions and associated collateral arrangements into insurance-based, captive passthrough transactions.
A Bermudan reinsurer on establishing funded master reinsurance arrangements with a North American counterparty for the transfer of North American life risk, including related credit support arrangements.
A UK insurer on flow reinsurance arrangements, using two different reinsurer counterparties and flow structures.
Legal & General on its c.GBP 7.5bn structured buy-in transaction partnership with the British Steel Pension Scheme.
Legal & General on its c.GBP 800m buy-in with the Honda Group – UK Pension Scheme.
Legal & General on its c.GBP 1.1bn buy-in with the SCA UK Pension Plan.
SCOR Global Life SE on the longevity swap reinsurance of GBP 5.5bn of pension liabilities of the Lloyd Bank No.1 Pension Scheme.
Pension Insurance Corporation on its reinsurance arrangements, including master reinsurance arrangements, reinsurance of deferred liabilities, flow reinsurance arrangements and associated counterparty credit risk and Solvency II recognition considerations.
Advising Zurich on the GBP 3bn longevity swap with the BBC Pension Scheme and Canada Life Reinsurance.
Legal & General on the conversion into a bulk annuity transaction, of a longevity swap entered into between trustees of a FTSE 100 company pension scheme and the swap provider. This complex conversion was the first of its type and required the termination of the existing swap arrangements, the collapse of a transformer cell structure and the contemporaneous transition of a portfolio of reinsurances.

Education

2015 - Legal Practice Course, The University of Law, London.
2014 - Graduate Diploma in Law, BPP Law School, London.
2008 - BSc Politics, University of Bristol, Bristol.

Practice Areas

Banking & Finance Financial Institutions Lending Financial Services & Regulation

sectors

Insurance Insurance Corporate Insurance Regulatory Life Assurance

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