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Clifford Chance has hired Norton Rose Fulbright corporate insurance partner Ashley Prebble, who joins the magic circle firm’s London practice.
Prebble becomes the latest partner to leave Norton Rose Fulbright in the City amid Norton Rose’s merger with US firm Fulbright & Jaworski on 3 June.
He specialises in the Lloyd’s of London insurance market and corporate and regulatory work covering IPOs, M&A and distribution agreements. Previous mandates include advising the Royal Bank of Scotland Insurance (RBSI) group on the transfer of the insurance business of Churchill, Direct Line and NIG into UK Insurance as well as advising Brit Insurance on the sale of renewal rights to QBE.
His exit follow Clifford Chance’s hire of white-collar partner Dorian Drew from pre-merger Norton Rose (14 March 2013), while banking partner Dean Naumowicz is set to join Latham & Watkins’ City outpost, among other recent departures.
Clifford Chance corporate insurance head Katherine Coates said in a statement: “Ashley joins us at a key time for the insurance industry, which faces unprecedented challenges and uncertainty due to market and regulatory pressures. Ashley’s particular experience of London market and general insurance operations will be a valuable addition to our current team, which is uniquely placed to support our clients across the sector on a wide range key strategic projects and transactions in both mature and growth markets.”
Norton Rose Fulbright global financial institutions head James Bateson said in a statement: “We can confirm Ashley has given notice and will be leaving the practice. We look forward to seeing him on the other side of the table from time to time and wish him well.”
The firm’s corporate insurance team, headed by Bateson, also continues London partners David Whear, Maria Ross and Bob Haken and consultant Noleen John.