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INSURANCE
3
Contents
04 OurFirm
05 OurFootprintinAfrica
06 OurInsuranceSector
07 OurSpecialistServices
10 OurSignatureMatters
12 Accolades
14 KeyContacts
2
InsuranceBOWMANS
4 5
Our Firm Our Footprint in Africa
Mozambique
Kenya
Tanzania
South Africa
Nigeria
Uganda
Mauritius
Best friends
Bowmans offices
Significant transaction or advisory experience
Alliance firms
Ethiopia
Ourtrackrecordofprovidingspecialist
legalservicesinthefieldsofcorporate
law,bankingandfinancelawanddispute
resolution,spansoveracentury.
WithnineofficesinsevenAfricancountries
andover400specialistlawyers,wedrawon
ouruniqueknowledgeofthebusinessand
socio-politicalenvironmenttoadviseclients
onawiderangeoflegalissues.
Everywherewework,weofferclientsa
servicethatuniquelyblendsexpertiseinthe
law,knowledgeofthelocalmarketandan
understandingoftheirbusinesses.Ouraim
istoassistthemtoachievetheirobjectives
assmoothlyandefficientlyaspossiblewhile
minimisingthelegalandregulatoryrisks.
Ourclientsincludecorporates,multinationals
andstate-ownedenterprisesacrossarangeof
industrysectorsaswellasfinancialinstitutions
andgovernments.
Ourexpertiseisfrequentlyrecognisedby
independentresearchorganisations.We
receivedawardsinthreeoutoffourcategories
attheDealMakersEastAfricaAwardsfor
2019:toplegaladviserintheM&ACategory
forbothdealflowanddealvalue,andadvised
ontheDealoftheYear.IntheDealMakers
SouthAfricaAwardsfor2019,wewereplaced
thirdfordealvalueintheM&ACategoryand
advisedonboththeDealoftheYearandthe
BEEDealoftheYear.
Wearepresentinsevencountries
inAfrica:Kenya(Nairobi),Malawi
(Lilongwe),Mauritius(Moka),SouthAfrica
(CapeTown,Durban,Johannesburg),
Tanzania(DaresSalaam),Uganda(Kampala)
andZambia(Lusaka).
Weworkcloselywithouralliancefirmsin
Ethiopia(AmanAssefa&AssociatesLaw
Office)andNigeria(UdoUdoma&Belo-
Osagie).Thesearetwooftheleading
corporateandcommerciallawfirmsintheir
jurisdictions.
Wehavedevelopedabestfriendrelationship
withoneofMozambique’sstrongestlaw
firms(TacianaPeãoLopes&Advogados
Associados)andregularlyworkwithleading
lawfirmsinothercountriessuchasAngola,
Botswana,Ghana,IvoryCoast,Namibia,
Rwanda,SouthSudanandZimbabwe.
Wehaveacomprehensivedatabaseofallthe
lawfirmsweworkwithintherestofAfrica
coveringsuchcountriesasAlgeria,Egypt,
MoroccoandFrench-speakingWestAfrica.
WearerepresentativesofLexMundi,aglobal
associationwithmorethan160independent
lawfirmsinallthemajorcentresacross
theglobe.LexMundigivesustheabilityto
connectourclientswiththebestlawfirmsin
eachofthecountriesrepresented.
We help our clients overcome legal complexity and unlock opportunity in Africa.
Malawi
Zambia
BOWMANS Insurance
6
Virtuallyallcorporatetransactionsand
activitiesofthe21stcenturyhavecomplex
insuranceelements.
Insomeinstances,insurancemaybethe
dominantfeatureinamatter,suchaswhen
aninsuranceportfolioistransferredfromone
serviceprovidertoanother,oraninsurance
claimisrepudiatedandadisputearises.In
othercases,insurancemayformasmallerbut
nolessvitalcomponent,whetherinrelation
toasaleorpurchaseagreementinacross-
borderM&Atransactionorintermsofthe
regulatoryapprovalsthatmightberequired.
Ourinsurancelawspecialistsareactiveacross
theinsurancevaluechaininSub-Saharan
Africa,advisingsomeoftheregion’sleading
insurersandreinsurersandactingforclients
inindustrysectorswhereriskisinherent
-aviation,constructionandengineering,
healthcare,manufacturing,marine,mining,and
telecommunications,amongothers.
Weadviseonintricate,high-valuetransactions
suchasacquisitionsandinvestments,
financing,taxanddisputes.Weareregularly
approachedbyinsurersandcorporates
toprovideguidanceoninsurance-related
regulatory,complianceandgovernanceissues.
Our Insurance Sector
CORPORATE AND M&A
Weactforclientsacquiringequitystakes
orinterestininsurancecompaniesandalso
adviseongreenfieldset-upandcorporate
restructuring(includingtransfersoflife
andgeneralbusinessportfolios).Thismay
includeadvisingonforeignownership
restrictionsandminimumcapitalor
solvencyrequirements,aswellasproviding
strategicadviceonthemostappropriate
solutionsforinsuranceandfinancialservices
clientsoperatinginSub-SaharanAfrica.
Wealsoadviseonthefinancingof
acquisitionsandinvestments,draft
servicelevelagreementsandintermediary
agreementsandprovidetax,employment
lawandgeneralcommercialadvice
relatingtoinsurancetransactions.
REGULATORY
Weassistclientstocomplywithinsurance
andfinancialserviceslawsandregulationin
Kenya,Mauritius,SouthAfrica,Tanzaniaand
Uganda.Thisincludesadvisingoninsurance
lawsandregulations,providingregulatoryor
legaladvicethatinsurersmayrequire,acting
forclientsincontentiousregulatorymatters
andadvisingonregulatorycompliance.
Ourworkrangesfromliaisingwithinsurance
industryombudstoadvisingandassisting
withapplicationswhenapprovalsarerequired
frominsuranceregulators,andproviding
regulatoryopinionstotheinsuranceindustry.
Our Specialist Services
Insurancepenetrationinkeymarkets,suchas
Kenya,currentlystandsataround3%andthereis
muchroomforgrowth.Weadviseclientsseeking
togrowtheirpresenceintheregiononinsurance
productdevelopment,businessstructuresand
legalcompliance.
Ourlawyershavestrongrelationshipswith
financialservicesregulatorsinKenya,Mauritius,
SouthAfrica,TanzaniaandUganda,combined
withadeepknowledgeoflocallawsand
regulationsandbusinessconditions.
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BOWMANS Insurance
8
LITIGATION
Ourdisputeresolutionexpertisespans
adviceoninsurancepolicyresponse,
wordingandinterpretation,andmanaging
andprocessingsubrogationclaimsacross
thespectrumofsectorsincludingaviation,
shipping,life&health,professional
indemnityandmedicalmalpractice.
KEY CLIENTS
Ourclientsintheinsurancesectorinclude
bluechiplong-term,short-termandhealth
insurers,forexample:AbsaWealthInvestment
ManagementandInsuranceDivision,Alexander
Forbes,BritamInvestments,Discovery,Hollard,
Liberty,LloydsUnderwriters,Marsh,
MayfairGroup,MMIHoldings,OldMutual,
ResolutionGroupandSanlam.
AVIATION
Wehelpourclientsdealwithaircraftlossesand
disputes.Wetakeaproactiveapproachthat
entailsfullyinvestigatingallpotentialclaims
andadvisingonthemeritsandstrategyof
each,thusobviatingunnecessarylitigation.
Wealsoadviseonregulatoryissues,
coverage,third-partyclaimsand
subrogatedrecoveries,andassistinsurers
andreinsurersinthedevelopmentof
aviation-relatedinsuranceproducts.
Clientsincludeairserviceoperators,airport
operators,groundhandlers,maintenanceand
ground-handlingserviceproviders,original
equipmentmanufacturers,financiers,lessors
andhullandliabilityinsurersandreinsurers.
MARINE
ThecoastlineofSouthernAfricaiswell
knownforitsseriousandhigh-profilelosses.
Overthepasttwodecades,wehaveworked
withclientsinvolvedinsomeofthemost
significantlocalshippingcasualties.Immediate
legalassistanceisavailableinemergencies
throughour24-hournationalhelpline.
Inadditiontomajorcasualtywork,weprovide
traditionalshippinginsurance,includinghull,
cargoandprofessional&indemnityinsurance.
LIFE INSURANCE AND NON-LIFE INSURANCE BUSINESS AND POLICIES
Weprovideregulatoryadviceinrelationto
non-lifeandlifeinsurancepolicies(including
lifeevents,healthevents,disabilityevents,
deatheventsetc),withparticularfocuson
employeebenefitsandgroupinsurancepolicies
(employer,pensionfunds,medicalschemes).
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BOWMANS Insurance
10
Our Signature Matters
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Weadvised:
• AlexanderForbesLtdonitsdisposalofits
shortterminsurancebusinessthroughan
auctionprocessandthesaleof100%ofits
sharesinthefollowingentities:Alexander
ForbesDirectProprietaryLimited,
AlexanderForbesAdministrationServices
ProprietaryLimited,andAlexanderForbes
InsuranceCompanyLimited.Theprocess
drewsignificantinterestfrombothlocal
andinternationaltradeplayers,which
resultedfourbiddersmakingittothe
secondroundoftheauctionprocess.
• AlexanderForbesonthedisposalof
itsSouthAfricanshort-terminsurance
businesstoMomentumMetropolitan
HoldingsforapproximatelyZAR2billion.
• AlexanderForbesontheshareholder
reorganisationtransactionpursuant
towhichAfricanRainbowCapital
substantiallyincreaseditsstakein
AlexanderForbesthrough(i)thepurchase
ofsharesfromAlexanderForbesanchor
shareholder,Mercer,and(ii)swapping
sharesinasubsidiaryofAlexanderForbes
forsharesinAlexanderForbesitself.
• Anairportoperatoranditsliability
insurersinrespectofahighvaluetheft
atORTamboInternationalAirport,
Johannesburg.
• Anaircraftmaintenanceorganisationand
itsliabilityinsurersinrespectofafatal
aircraftaccidentinBotswana.Litigation
wasbroughtinthecourtsofBotswana
andtheUSA.
• Agroundhandleranditsliability
insurersinrespectofthelossof
consignmentofbanknotesinUganda.
• AmilnInsuranceSE,aforeigninsurer,onthe
regulatoryrequirementsforittoconduct
businessinSouthAfrica,theregulatory
requirementsforforeigninsurertoreceive
businessthroughSouthAfricanbrokers,
regulatoryrequirementsapplicabletoalocal
SouthAfricaninsuredseekingcoverabroad
throughaforeignbrokerandwhetheraforeign
insurerispermittedtoconductinsurance
businessinSouthAfricaandtoreceivesuch
businessthroughaforeignbroker.
• Capitalworksinrelationtoitscomplex
acquisitionofsharesinAONTanzania
Limited(nowMinetTanzania),oneofthe
biggestinsurancebrokersinTanzania,which
requirednotificationtovariousregulators
inTanzania,FCCmergerfilingandall
subsequentrestructuringandlocalissuesin
AONTanzaniafortherecentamendments
tolocalcontentrequirementsforbrokersin
Tanzania.ThetransactionaddsAfrica’slargest
riskandhumancapitaladvisorynetworkto
Capitalworks’sinvestmentportfolio.
• LandBankInsuranceCompanySOCLimited
ontheimplicationsofbeingdesignatedasan
insurancegroupbythePrudentialAuthority
andassistingwithrepresentationstothe
PrudentialAuthority,motivatingagainst
designationasaninsurancegroup.
• LibertyGroupLtdinrelationtothe
reinstatementof25deregisteredunderwritten
pensionfundsandanindustrywide
investigationbythefinancialservices
regulatorintounclaimedbenefitsarising
fromthecancellationofapproximately6000
retirementfundsincludingfundsunderwritten
andmanagedbylong-terminsurers.
• LibertyHoldingsLtdanditsaffiliate,
STANLIBTanzaniaLimited,inrelationtoa
claimbroughtagainstthembyaprevious
ManagingDirectorintheCommissionfor
MediationandArbitration.
• Marshinitsacquisitionoftheinsurance
brokerageandriskbusinessofAlexander
ForbesinSouthAfricaandsevenother
Africanjurisdictions.
• OldMutualEmergingMarketsonitsmulti-
jurisdictional(coveringover7countries
withdifferentregulatoryregimesandlevels
ofdevelopment)implementationofits
managedseparationwithimplicationforits
operationsacrossmultiplejurisdictionsin
Africa.Thematterincludestheunbundling
ofOldMutual’smajoritystakeinNedbank
Limitedaswellasissuesregardingthe
regulatedcapitalofinsuranceandbanking
entitieswithintheOMEMGroup.
• TheNavigatorsGroupInc,theliability
underwritersofshiprepairersElginBrown
&Hamer(Pty)Ltd,followinganincidentin
theCapeTownharbourwhentheoffshore
supplyvessel“GoRegulus”thatElgin
Brownwerecontractedtorepair,collided
withtheharbourquaysideduringdry-
dockingoperations.
• TheownersofaMaerskSupplyServiceA/S
inconnectionwithatowagecharterofa
distressedvessel(mvShengMing),which
encountereddifficultiesenteringtheportof
CapeTown.Wewereengagedintimecritical
negotiationswithvariousinterestedparties
includingthePortAuthorities(Transnet)and
theSouthAfricanSafetyAuthoritytocome
upwithamutuallyacceptablesolutionforall
concerned.Thenegotiationswerecomplex
andwide-rangingbutultimatelyledtoa
resolutionofthematter,whichwasofgreat
significancefortheclient.
• TheownersofthemvSunriseJadeandtheir
P&Iandhullandmachineryinsurersfollowing
acollisionwiththetotallossofthefishing
vesselmfvLezandioffCapePoint,nearCape
Town.Ourassistanceincludedfacilitationof
theinvestigationandtechnicalanalysisof
data,retainingexperts,takingofstatements,
collectingandpreservingevidenceand
liaisonwiththelocalsafetyauthority.
BOWMANS Insurance
12 13
Accolades
AFRICAN LEGAL AWARDS 2019
Wewontwopracticeawards-forTransportationand
InfrastructureTeamoftheYearandTMTTeamoftheYear.
CHAMBERS AFRICA AWARDS 2018
WewerenamedSouthAfricanLawFirmoftheYear.
DEALMAKERS EAST AFRICA AWARDS 2019
Wereceivedawardsinthreeoutoffourcategories:toplegal
adviserintheM&ACategoryforbothdealflowandvalue,and
advisedontheDealoftheYear(theNIC/CBAmerger).
DEALMAKERS SOUTH AFRICA AWARDS 2019
WewereplacedthirdfordealvalueintheM&ACategoryand
advisedontheDealoftheYear(PepsiCo’sacquisitionofPioneer
Foods)andtheBEEDealoftheYear(IsantiGlassacquisitionof
NampakGlass).
MERGERMARKET LEAGUE TABLES 2018
Wewererankedfirstbydealvalueandsecondbydealcount
intheAfricaleaguetablesforlegaladvisors,andthirdbydeal
countintheMiddleEast&Africaleaguetableforlegaladvisors.
BAND 1
KENYA
Banking&Finance
Corporate/M&A
Employment
FinTech
IntellectualProperty
RealEstate
SOUTH AFRICA
CapitalMarkets:Debt
CapitalMarkets:Equity
Competition/Antitrust
CorporateInvestigations
Corporate/M&A
Employment
Environment
IT&Telecommunications
Projects&Energy
PublicProcurement
Shipping
Tax
TMT
TANZANIA
GeneralBusinessLaw
UGANDA
GeneralBusinessLaw
BAND 2
SOUTH AFRICA
Banking&Finance
DisputeResolution
FinTech
Media&Broadcasting
Restructuring/Insolvency
KENYA
Projects&Energy
CHAMBERS & PARTNERS 2020 RANKED US IN THE FOLLOWING AREAS
TIER 1
KENYA
Financial&Corporate
Mining
SOUTH AFRICA
CapitalMarkets:Debt
CapitalMarkets:Equity
Energy&Power
M&A
UGANDA
Financial&Corporate
ProjectDevelopment
TIER 2
KENYA
Energy&Power
Infrastructure
SOUTH AFRICA
Banking
Infrastructure
Mining
Oil&Gas
ProjectFinance
TANZANIA
Financial&Corporate
TIER 3
TANZANIA
ProjectDevelopment
IFLR1000 2019 RANKED US IN THE FOLLOWING AREAS
TIER 1
KENYA
Banking,Finance&CapitalMarkets
Commercial,Corporate&M&A
Employment
RealEstate&Construction
SOUTH AFRICA
Commercial,Corporate&M&A
Competition
Employment
Projects&Infrastructure
Shipping&Transport
TANZANIA
LeadingFirm
UGANDA
LeadingFirm
TIER 2
KENYA
DisputeResolution
Privitisation&Projects
SOUTH AFRICA
Banking&Finance
DisputeResolution
InvestmentFunds
Tax
THE LEGAL 500 EMEA 2020 RANKED US IN THE FOLLOWING AREAS
BOWMANS Insurance
14 15
Key Contacts
DAVID GERAL
HeadofBankingandFinancialServices,
HealthcareandPensions
Johannesburg,SouthAfrica
T:+27116699514
ERNEST WILTSHIRE
ManagingPartner,
InsuranceRegulatory
Kampala,Uganda
T:+256414254540
CHRIS GREEN
Partner,MergersandAcquisitions
DaresSalaam,Tanzania
T:+255768988640
BONNIE STEYN
Partner,Medico-legal
CapeTown,SouthAfrica
T: +27214807823
FAZIL HOSSENKHAN
ManagingPartner,InsuranceRegulatory
Moka,Mauritius
T:+23054213032
DEIRDRE PHILLIPS
Partner,LifeInsuranceand
Non-LifeInsuranceBusiness
andPolicies,Regulatory
Johannesburg,SouthAfrica
T: +27116699196
CHRISTINE RODRIGUES
Partner,InsuranceRegulatory
Johannesburg,SouthAfrica
T: +27116699531
PARAS SHAH
Partner,MergersandAcquisitions
Nairobi,Kenya:CoulsonHarneyLLP
T: +254202899000
CHARLES SMITH
Partner,MergersandAcquisitions
Johannesburg,SouthAfrica
T: +27116699353
ASHLEIGH HALE
Co-HeadofCorporate,Corporate,
MergersandAcquisitions
Johannesburg,SouthAfrica
T:+27116699342
STEPHANIE ESTERHUYSE
Medico-legal
CapeTown,SouthAfrica,
T: +27214807833
RONÉ LA GRANGE
Partner,InsuranceTax
Johannesburg,SouthAfrica
T:+27116699290
DEON DE KLERK
Co-HeadofCorporate,Corporate
CapeTown,SouthAfrica
T:+27214807934
MILES CARTER
Partner,InsuranceLitigation
Johannesburg,SouthAfrica
T:+27116699550
HEATHER MANSON
HeadofAviation,AviationInsurance
Johannesburg,SouthAfrica
T: +27116699280
JEREMY PRAIN
Partner,MarineInsurance
CapeTown,SouthAfrica
T: +27214807811
CLAUDIA JACKSON
Partner,AviationInsurance
Johannesburg,SouthAfrica
T:+27116699281
BOWMANS Insurance
Cape Town, South AfricaT:+27214807800
Dar es Salaam, TanzaniaT: +255768988640
Durban, South AfricaT: +27311091150
Johannesburg, South AfricaT: +27116699000
Kampala, UgandaT: +256414254540
Lilongwe, MalawiT: +265990318152
Lusaka, ZambiaT: +260962275329
Moka, MauritiusT: +23052980100
Nairobi, KenyaT: +254202899000
Follow us on Twitter:@Bowmans_Law
www.bowmanslaw.com
Alliance Firms:
Aman Assefa & Associates Law Office, Addis Ababa, EthiopiaT: +251114702868
Udo Udoma & Belo-Osagie, Lagos, NigeriaT: +23412774920-2,+23412719811-3
