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Laura R Clarke

Senior Associate

Portrait ofLaura R R. Clarke

Laura R Clarke

Senior Associate

Contact
CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English

Laura Clarke is a Senior Associate in the CMS Financial Services Team.

Laura specialises in financial services transactions and advises a wide variety of clients, in particular, life insurers and reinsurers.

She has a broad range of experience working on structured reinsurance and complex financial services transactions.

Her experience includes advising on longevity and asset-based de-risking transactions and associated collateral arrangements, providing regulatory advice relating to the risk transfer market and supporting insurer and reinsurer clients on their negotiations with the PRA and other regulators. Laura has also advised various insurer clients on Part VIIs, renewal rights and other business transfers. 

In 2022, Laura was seconded to the Phoenix Group to support the development of its Open Business.

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Relevant experience

  • Phoenix Group on the simplification of its strategic partnership with abrdn, including the sale of the SLAL UK investment and platform-related products, comprising the Wrap Self Invested Personal Pension, Wrap Onshore Bond and UK Trustee Investment Plan and the acquisition of the “Standard Life” brand.
  • Secondment to the Phoenix Group. 
  • Numerous (re)insurer clients on intermediated longevity swaps and longevity reinsurance transactions, including a longstanding insurer client on what was its largest de-risking transaction at the time and transactions covering both in-payment and deferred lives.
  • Trustee and reinsurer clients on disintermediated longevity swaps, both where the intermediary is a “live” insurer (including with a retention) and where the intermediary is a captive.
  • Various insurer clients on business transfers, including on several Part VIIs and on renewal rights. 
  • A listed life insurance and asset management group with UK, US and EU carriers on its Solvency II group supervision framework and connected negotiations with the PRA and other regulators.
  • Insurer clients on asset-based reinsurance transactions. 
  • Various (re)insurer clients on complex collateral structures, including to address the specificities of overseas regulation. 
  • A reinsurer client on the impact of a proposed restructuring on its ability to apply the transitional deduction to its technical provisions under Solvency II.
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Education

  • 2017 – LPC MSc in Law, Business and Management, The University of Law, London
  • 2015 – Law LLB, The University of Exeter, Exeter
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Expertise

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04/05/2023
CMS advises Pacific Life Re on c.£1.6bn longevity swap with trustee of...
International law firm CMS has advised Pacific Life Re International Limited (UK branch) (PL Re) on a c.£1.6bn disintermediated longevity swap with the trustee of the Yorkshire and Clydesdale Bank Pension...
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