George Belcher focuses on insurance-related public and private acquisitions and private equity investments, as well as regulatory issues in the insurance sector. He also frequently advises on matters related to Lloyd’s of London.

Bio

Mr. Belcher is a member of and attends a number of industry bodies, including City Lawyers’ Solvency II Group, City of London Law Society (Insurance Sub-Committee) and the Financial Markets Law Committee (Insurance Sub-Committee).

He frequently advises on EU developments, such as Solvency II and IMD2, as well as wider international developments, including those related to the International Association of Insurance Supervisors and Financial Stability Board. Mr. Belcher is familiar with the workings of the National Association of Insurance Commissioners, U.S. state collateral requirements and federal initiatives such as the Federal Insurance Office.

Mr. Belcher was seconded to the Financial Services Authority (FSA) in 2010 to assist with the legal aspects of the FSA’s implementation of Solvency II. He also has spent time working in the United Arab Emirates and has considerable experience with insurance law and markets in the Middle East.

Mr. Belcher’s experience since joining Skadden in May 2016 includes advising:

  • Phoenix Group in its:
    • acquisition of Standard Life Insurance Business for Standard Life Aberdeen for £3.24 billion; and
    • acquisition of Abbey Life from Deutsche Bank AG for £935 million;
  • XL Catlin in its acquisition by AXA for US$15.3 billion;
  • TPG/TWG in its US$2.5 billion combination with Assurant;
  • Validus Holdings, Ltd. in its US$5.6 billion merger with American International Group, Inc.;
  • OMERS in its US$1 billion acquisition of approximately 21 percent of Allied World Assurance Company Holdings AG, simultaneously with the acquisition of Allied World by Fairfax Holdings Limited;
  • Gryphon Group Holdings in its £180 million financing and acquisition of the Guardian life insurance brand;
  • The Travelers Companies, Inc. in its US$490 million acquisition of Simply Business from Aquiline Capital Partners LLC, and subsequent reorganisation; and
  • a French insurance provider in its sale of an insurance broker subsidiary in the U.K.

Credentials

Education

  • Legal Practice Course, Guildford College of Law, 2001
  • G.D.L., Guildford College of Law, 2000
  • M.A., History, Universities of Edinburgh (and Salamanca), 1999

Admissions

  • Solicitor, England & Wales

George D. Belcher

European Counsel, Financial Institutions
george.belcher@skadden.com