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“Deacons is ‘capable of providing a strong team whenever required’, and the lawyers are praised for their ‘superior skill-set and industry knowledge’.”

Legal 500 Asia Pacific

A force in the insurance world

Deacons’ deep experience in the insurance sector, allied with an innovative approach, has enabled a wide range of clients to achieve their commercial objectives.

Hong Kong’s insurance market is large and sophisticated, so its regulatory framework regularly evolves.

In such a complex, changeable environment, deep roots are important. Deacons is Hong Kong’s largest and longest-established independent law firm. Our partners have longstanding connections to Hong Kong’s regulators and industry bodies. Our experience has guided many clients of all types through the maze of regulation, helping them to achieve their commercial goals.

We provide a wide range of tailored commercial and regulatory advice, ranging from the acquisition and disposal of insurance businesses or the establishment of new operations, to the development of new products. We also assist in compliance negotiations with Hong Kong’s insurance regulator. For example, we have:

  • Acted for the majority shareholder on the complex sale of a company carrying on an insurance broking business;
  • Helped to establish the Employees Compensation Insurance Residual Scheme Bureau, to provide coverage for otherwise uninsurable risks; and
  • Advised numerous global insurers on regulatory issues connected with the sale of investment linked assurance schemes (ILAS).

As these examples show, we are particularly proud of our ability to establish novel schemes and products, and our experience of advising on complex issues requiring knowledge of the regulatory environments governing both the insurance and securities markets.

Of course, it is what our clients think that counts, so we are also delighted that their feedback on our “superior skill-set” and “deep experience” has enabled us to achieve high rankings in the legal directories.

Please take a look at our insurance pages for more information on the work we undertake. And if you would like more information on how we can help you, please feel free to get in touch. 

Insurance commercial, advisory and regulatory SERVICES