Carl Hotton

Partner
a very practical, user-friendly and articulate lawyer whose judgment clients trust [...] on top of all the moving pieces of a deal.
About

Carl has a broad corporate practice with extensive experience advising on a wide range of corporate transactions, with a particular focus on the Insurance sector and the Financial Services sector.

Carl heads up DLA Piper's Insurance sector group in the UK. Carl has significant experience advising clients on transactions in the insurance sector, including in the non-life, life and Lloyd’s markets. Carl’s experience includes advising insurers, reinsurers, intermediaries and financial sponsors on domestic and cross-border M&A, insurance portfolio transfers, reinsurance transactions, strategic investments and JVs, group reorganisations and related insurance regulatory matters. Carl’s experience also includes advising banks, asset managers, fintech and insurtech companies and other players in the financial services markets on their corporate transactions.

Carl is ranked in Chambers and Partners as "Up and Coming" for corporate insurance transactions. He has been quoted as being “a very practical, user-friendly and articulate lawyer whose judgment clients trust” and as a lawyer with “a growing reputation in the London insurance market” and as someone who is “on top of all the moving pieces of a deal”. Carl has spent time on secondment in Shanghai, China working on international M&A involving Chinese companies and at a global insurance broker during his career.

Professional QualificationsSolicitor of the Senior Courts of England and Wales

EXPERIENCE

  • Advising Willis Towers Watson on its acquisition of Cushon, a technology enabled workplace savings and pension business, from NatWest Group.
  • Advising Liberty Mutual on its cross-border merger of Liberty Mutual Surety Europe into Liberty Specialty Markets Europe.
  • Advising the Group Trustee of the National Grid Electricity Group of the Electricity Supply Pension Scheme (ESPS) on a GBP1.7 billion buy-in with Aviva including transitioning the Group’s existing longevity swap with Zurich Assurance Ltd to Aviva.
  • Advising a US based asset management company on a reinsurance sidecar investment structured through a Bermuda special purpose insurer and quota share reinsurance agreement.
  • Advising AIG on several matters including (i) the sale of its interest in Ascot to Canada Pension Plan Investment Board for total consideration in excess of USD 1.1bn (ii) its Brexit restructuring and transfers of its UK and European business and (iii) an acquisition by AIG Life of Ellipse from Munich Re.
  • Advising Lloyd’s of London on its market wide Brexit restructuring and the transfer of all non-life Lloyd’s business to a new European entity and the related reinsurance arrangements.
  • Advising The Equitable Life on its complex restructuring and sale to Utmost Life and Pensions via a scheme of arrangement and Part VII transfer transferring close to GBP6.2bn of policyholder assets.
  • Advising Centerbridge Partners on its acquisition of Canopius, a top-five Lloyd’s business, for USD950m from Sompo.
  • Advising a Lloyd’s insurance business on several transactions including (i) its acquisition of another Lloyd’s business and related reinsurance to close of existing syndicate liabilities, (ii) the inward investment by a strategic investor and (iii) raising in excess of USD450 of new equity in a Lloyd’s context.
  • Advising Swiss Re on several transactions including (i) its acquisition of the mature savings business from L&G for GBP650m and (ii) its acquisition of the heritage life and pensions business Old Mutual wealth management company for GBP425m.
  • Advising The Hartford on the sale of its UK run-off subsidiaries to Catalina, including related reinsurance arrangements.
  • Advising a global professional services firm on the transfer of GBP3.4bn of longevity risk liabilities from its UK pension fund to reinsurance capital.
  • Advising a global US bank on several transactions including its (i) acquisition of the UK’s largest online wealth manager, (ii) acquisition of an equity management platform and (iii) investment into a payments business.
  • Advising a global bank on its defence against an activist campaign coordinated by one of its largest shareholders calling for a break-up of the banking group.
  • Advising Compass Group plc on its acquisition of 4Service AS.
Languages
  • English
  • Finnish
Education
  • University of Southampton, LLB

  • College of Law, London, LPC

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