Focus on Insurtech

 

Well-rounded capabilities from the deal management and technology perspectives within the context of the insurance industry

 
INSURANCE CORPORATE TECHNOLOGY TRANSACTIONS

More than 100 lawyers that represent insurers and reinsurers, as well as brokers, banks, and investors, in a range of litigation and transactional matters

More than 300 Corporate lawyers with extensive experience advising clients on a variety of high-profile strategic transactions, including M&A and VC investments

More than 50 lawyers focused on helping clients improve their business operations by sourcing services and technology.

They provide extremely prompt responses, excellent technical expertise and good practical advice.

Chambers USA

Their key strength is their understanding of the law and the way it changes - they get up to speed really quickly.

Chambers Global

Why Mayer Brown?

Mayer Brown is a global legal services provider advising clients across the Americas, Asia, Europe and the Middle East. Across global markets, we represent insurers and reinsurers, as well as brokers, banks and investors, in a range of transactional and litigation matters. Our broad industry experience means that across disciplines, such as corporate, regulation, finance, litigation, employment, cybersecurity/data privacy, or tax, we have insurance and reinsurance-focused lawyers who understand the insurance business.

    • Leading Insurance Practice. Across global markets, we represent insurers and reinsurers, as well as brokers, banks and investors, in a range of transactional, regulatory and litigation matters. Our broad industry experience means that—no matter which practice area is required for a particular matter, such as corporate, regulation, employment, cybersecurity/ data privacy, or tax—we have insurance and reinsurance-focused lawyers who understand the issues at hand.
    • Experience with the Tech Sector. Through our market-leading experience in emerging technologies, we understand the most complex issues brought about by this digital age. We are in the business of helping clients analyze both opportunities and risks to their business posed by new channels of digital commerce and related regulatory compliance considerations.
    • Strong VC Experience. We have extensive venture capital (VC) investment experience across our global offices, including, in particular, for our corporate clients in making strategic VC investments in tech start-ups at every stage. We have a long tradition of representing strategic and financial investors in a full range of corporate investments and venture capital transactions with emerging, high-growth and established companies, from secondary deals and early stage/seed finance transactions to non-traditional structures.
    • Formidable Cybersecurity & Data Privacy Team. In an increasingly connected world, cybersecurity and data privacy are a significant focus for industries, including insurance, moving towards innovation. Mayer Brown brings a comprehensive and integrated approach to cybersecurity and data privacy challenges, offering our clients strategic thinking and practical legal advice. Our practice is comprised of more than 50 lawyers worldwide from a wide-range of disciplines who cover the waterfront of these ever-increasing and complex issues.
High
In-house Start-up & Acquisition
  • Monetary investment in an existing company (early or late stage) that results in 100% ownership of the company; or establish a start-up newco
  • Most resource commitment and control
Internal Accelerator and Incubator
  • Captive programs that offer mentorship and early-stage investment to existing start-ups
  • Similar format to external accelerators, but with more resource commitment
Majority Investment
  • Monetary investment in an existing company (early or late stage) that results in a majority ownership interest in the company
  • More resource commitments and control than a minority investment–investor would have board seats and corresponding responsibilities
Joint Venture
  • Co-Ownership of a new venture with an existing company to develop and commercialize specific new ideas / products
  • More commitment and control than licensing/outsourcing arrangement
Strategic Alliance
  • Collaboration to develop new InsurTech
  • Contribution of industry knowledge and skill, and possibly existing tech
  • Possible minority investment
  • Limited resource commitments and control; possibly obtain board observation rights or seat
Services Agreements
  • Outsourcing, Software as a Service (SaaS), data analytics, etc. offer opportunities to collaborate, develop and commercialize new ideas
  • Insurance companies can share development costs and access expertise outside their traditional businesses
Licensing
  • Insurance company obtains right to use new technology
  • Minimal commitment
  • Investment primarily in internal resources to implement
  • Limited or no access to InsurTech talent or the opportunity for future collaboration
Low

Representing the industry across the investment spectrum

  • Represented Pacific Life on its acquisition of the term life new business platform from Genworth Financial.
  • Representing a specialist insurance company in its proposed formation and operation of a new US entity to be established internally for the purpose of providing certain cybersecurity services to its clients.
  • Represented the venture capital arm of a worldwide professional services company in various investments, including in a blockchain and ledger services business, a cloud platform performance analytics business, a load testing and performance monitoring solutions business, a retail merchandising analytics solution business and an omnichannel personalization platform business.
  • Represented Everest Re on its joint venture with Salus Systems, LLC, formed to develop and market Zero, a collaborative risk management platform.
  • Represented the insurance subsidiary of an international financial company in its first VC investment in an Internet of Things company that specializes in Wi-Fi enabled smoke alarms.
  • Represented a global insurance company in its negotiation to provide outsourcing services supporting the claims and underwriting processes. The agreement is expected to extend to Canada and possibly other countries.
  • Represented an insurance and reinsurance company in the outsourcing of its claims administration function.
  • Advised a property and casualty insurance organization in an IT outsourcing, including negotiating the terms of the special licensing for those tools in addition to the terms regarding the IT managed services.