Thomas Peacock

Partner
Joined firm 2011. Partner since 2024.

Tom is a partner in our Corporate Group and a member of our Financial Institutions Group. He has a broad corporate, commercial and M&A practice supporting insurers, asset managers and other financial institutions. In particular, he does a significant amount of work in the insurance sector including M&A, corporate reorganisations, insurance and reinsurance arrangements, de-risking transactions, insurance regulation (including Solvency II) and general corporate advice.

Tom is recognised as 'Up and Coming' in Chambers ('Insurance: Non-Contentious') and a ‘Next Generation Partner’ in Legal 500 ('Insurance: Corporate and Regulatory’).

He has advised:

  • Aviva on:
    • the acquisition of AIG Life Limited from Corebridge Financial, Inc. for £460 million
    • its strategic response to COVID-19 business interruption matters, including the FCA Test Case
    • the £5bn de-risking of the Aviva Staff Pension Scheme
  • Legal & General on:
    • a number of risk transfer transactions, including the £4.8 billion full buy-in for the Boots Pension Scheme and a c.£310 million buy-in with Reuters Supplementary Pension Scheme
    • a number of longevity and funded reinsurance transactions
    • the sale of its mature savings business to Swiss Re for £650 million
  • Prudential on:
    • the demerger of its UK & Europe business (M&G Prudential), resulting in two separately-listed companies
    • its US$2bn share buyback programme
  • Allianz on its acquisition of Legal & General Insurance Limited, the general insurance business of Legal & General Group
  • Pollen Street Capital and its portfolio company Markerstudy on transactions in the general insurance sector, including the acquisitions of BGL Insurance, Lloyd’s broker Clegg Gifford & Co and insurer Tradex
  • a number of other parties on significant risk transfer transactions, including
    • Intact and RSA Group on the £6.5 billion derisking of RSA’s two main defined benefit pension schemes with PIC
    • Tata Steel on derisking transactions totalling £7.5 billion entered into by the British Steel Pension Scheme with Legal & General
    • Whitbread plc on the £680 million derisking of the Whitbread Group Pension Fund with Standard Life
  • DLUHC on the self-remediation terms to be entered into by major residential property developers and DLUHC

"Tom is a partner who can anticipate our needs. He was very good at highlighting strategic issues." Chambers UK 2026

"We valued Tom’s subject matter expertise, responsiveness and ability to highlight the risks that really matter, and how to mitigate them." Chambers UK 2026