Matheson’s Financial Institutions Group, led by partners Louise Dobbyn and Joe Beashel, associate Nicole Ward and senior associate Megan Fennell, are pleased to have advised Lockton Re Capital Markets on their successful application to the Central Bank of Ireland for authorisation to establish a MiFID investment firm in Ireland. This is the first MiFID licence to be issued by the Central Bank in 2025.
Louise Dobbyn commented: “We are delighted to have advised Lockton Re Capital Markets Limited in securing this strategically important EU authorisation for its global reinsurance brokerage business. This authorisation followed a detailed and collaborative application process with Central Bank of Ireland and will enable the firm to support the existing global distribution business of Lockton to act as placing agent in the EU” .
Lockton is the world’s largest privately owned, independent insurance broker, serving more than 65,000 clients in over 140 countries. Lockton Re, is the reinsurance business of Lockton, and helps businesses understand, mitigate, and capitalize on risk. With over 450 colleagues in 20 locations globally, Lockton Re is continuing to grow, pushing the industry forward with smarter solutions that leverage new technologies—delivered by people empowered to do what’s right for clients. Lockton Re provides reinsurance brokerage services to over 300 clients worldwide, and these services include capital markets capabilities. Securities products and services are currently offered through its existing U.S. affiliate, Lockton Re Capital Markets, LLC, an SEC-registered broker-dealer and member FINRA, SIPC.
Matheson's Financial Institutions Group is led by 8 partners and over 25 lawyers. Our team has in-depth knowledge, expertise and understanding of the Irish financial services market. Our team recognises the speed and volume of regulatory change in this area, and supports clients across the financial services spectrum in this rapidly changing environment. Our clients include MiFID investment firms, fund service providers (depositaries, administrators and management companies), trading platforms, intermediaries and brokers, retail credit firms and credit servicers.
For more information about our financial services advisory service, please contact Louise Dobbyn or Joe Beashel of the Financial Institutions Group or your usual Matheson contact.
