Noleen John
Senior Consultant
Norton Rose Fulbright LLP
Biography
Noleen John is a corporate and regulatory insurance lawyer based in London.
Noleen was formerly Head of AXA UK's Group Legal Department and General Counsel for the AXA UK life and pensions business. She has extensive experience of working in house in an insurance company focussing oninsurance law and insurance regulation.
Whilst working as General Counsel for AXA UK's life and pensions business, Noleen was a member of the ABI Life legal panel. She is currently a member of the City of London Law Society and the British Insurance Lawyers Association.
Noleen is co-editor of the leading industry textbook, Houseman, the Law of Life Assurance, now in its 15th edition and author of the chapters on financial services regulation, with-profits, prudential requirements/Solvency II and reinsurance.
Noleen has experience of most legal and regulatory issues relating to the day to day running and management of insurance companies. Noleen often advises in connection with the PRA's prudential requirements (including the Solvency II rules on capital, group supervision, governance and investments),conduct risk issues including product governance,the regulatory aspects of outsourcing, insurance distribution, with-profits business and insurance portfolio transfers. She also advises on complex and collateralised reinsurance.
Professional experience
Collapse allAdvising:
· In connection with various Brexit related reorganizations and temporary permission applications.
· On a transitional insurance business transfer scheme.
· Bain Capital - in connection with its proposed acquisition of LV=.
· On regulatory matters in relation to corporate and product governance issues.
· In connection with various collateralised reinsurance agreements including those covering longevity, specialist underwriting and lapse risks.
· On the review of a portfolio of existing reinsurance contracts for compliance with Solvency II requirements for risk mitigation techniques.
· In connection with the Senior Manager & Certification Regime obligations
· In connection with Conduct risk issues including Product Governance and Consumer Duty issues
· In connection with Distribution arrangements including binding authority and Appointed Representative arrangements and their ongoing governance
in relation to a skilled person's review under s166 FSMA for a global insurance organisation in relation to its intra-group reinsurance and related custody arrangements
in relation to a skilled person's review under s166 FSMA for a global insurance organisation in relation to its retail investment products and allegations of misselling
· In connection with investment mandates and reporting obligations under Solvency II.
· Various insurers - on a wide range of regulatory issues, including advice on Part 4A permissions and UK third country branches, financial promotions and policy wordings.