Anna Tipping is a corporate and regulatory lawyer who has specialised in the insurance sector since 1994. Anna has been based in Singapore since September 2010 after spending 12 years in London. She heads our Asia Pacific Insurance Group.
Anna has extensive experience in corporate insurance with a primary focus on M&A, structured insurance products and transactions, regulatory capital raising, regulatory advice including group capital requirements, local and global distribution arrangements including bancassurance and white-labelling, establishment of centralised service centres, general advisory work in the insurance sector and specialist policy advice, including directors and officers liability insurance, other financial lines and warranty and indemnity insurance.
Notable transactions on which Anna has worked include advising a global insurance group on the reorganisation of its Asian business following a strategic acquisition; advising QBE on the insurance regulatory requirements (UK and Solvency II) of two tranches of listed Tier 2 debt (US$1 billion and £325 million); advising a Singaporean insurer on the establishment of a distribution business in Indonesia; advising a global insurer on the consolidation of the strategic and back office functions of five of its Asian insurers into a single processing centre; advising a global insurer on the establishment of a Singapore-based life company and putting existing branch into run-off.
Anna has also worked on a series of pan-European arrangements for the distribution of mobile handset insurance for Vodafone; the disposal by AXA of a substantial part of its UK life insurance business to Resolution; several pensions buy-out / buy-in arrangements; and a series of three contingent loans securitising the emerging surplus of two life Companies and a portfolio of life policies by AEGON companies.
Anna has also acted on a series of tier one capital issues by QBE; the sale of the beneficial interest in a portfolio of residential properties (where the legal interest was retained to support the annuity business of the life insurer) for Swiss Re; the acquisition by Swiss Re of GE’s Life insurance business; and an asset backed tier one capital issue counting as fund at Lloyds for QBE.
Anna has been involved in reviewing and drafting from scratch numerous insurance and reinsurance policies including an in-orbit satellite insurance policy for a new Lloyd’s facility, a multi-line, multi year insurance and reinsurance facility transferring €3.5 billion of risk, fronting insurance and supporting reinsurance arrangements for various distribution arrangements, a combination POSI and D&O policy for a large public takeover in the bank sector and several pensions buyout and longevity transfer contracts.