Industry Sectors

Our team has gained in-depth knowledge on insurance industry and other regulatory aspects through our involvements in advising Thai and the world’s leading insurance operators in their mergers and acquisitions of various insurance companies during the past 25 years or so. During the course of our involvements, we were heavily involved in drafting and negotiation of bancassurance agreements, reinsurance agreements, and advising on the insurance regulations and compliance and are generally familiar and in regular contact with the Office of Insurance Commission.

Notable transactions include:

• Advised Thaivivat Insurance (TVI), one of Thailand's largest insurance companies, and Thaivivat Holdings (TVH) in a shareholding and management restructuring by way of a share swap, followed by the delisting of TVI shares and the listing of TVH shares on the Stock Exchange of Thailand


• Advised Thaivivat Insurance (TVI) on the investment by ITOCHU Corporation through its subsidiary, GR Management (Thailand), in TVI by way of a subscription of new shares with the investment value of approximately THB 1 billion


• Advised Oaktree in connection with its investment as one of the cornerstone investors in the IPO and listing of Thai Life Insurance


• Advised Kasikornbank in relation to the Bancassurance Agreement for the distribution of life insurance products of Muang Thai Life Assurance


• Advised on the strategic alliance between Allianz and Sri Ayudhya Capital (AYUD) in life and non-life insurance businesses in Thailand via; (i) an acquisition by Allianz of equity in AYUD via a partial tender offer and a private placement; and (ii) a business integration of Allianz General Insurance and Sri Ayudhya General Insurance


• Advised Lombard and LeapFrog in connection with their acquisition from Royal & Sun Alliance Insurance of Syn Mun Kong Insurance through a bidding process


• Advised CPRN (Thailand) on its acquisition in Allianz C.P. General Insurance from Charoen Pokphand Group


• Advised Allianz Ayudhya and Sri Ayudhya General Insurance on certain bancassurance agreements


• Advised on the acquisition and business integration of Sri Ayudhya Capital (AYUD) and BT Insurance


• Advised on the acquisition by Allianz SE in Sri Ayudhya Capital (AYUD)


• Advised on the acquisition by Allianz SE in Ayudhya CMG Life Assurance, Thailand’s third-largest life insurance company at the time


• Advised Southeast Insurance and Thaivivat in their business cooperation with its respective partners in relation to their healthcare insurance products