Noleen John

Senior Consultant
Norton Rose Fulbright LLP

United Kingdom
T:+44 20 7444 3197
United Kingdom
T:+44 20 7444 3197
Noleen John

Noleen John


Related services and key industries


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, and her focus area is life assurance 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), the regulatory aspects of outsourcing, insurance distribution, with-profits business and insurance portfolio transfers. She also advises on complex and collateralised reinsurance.


Professional experience

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  • 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 relation to ring-fenced funds (with-profits and matching adjustment portfolio) requirements under Solvency II (including reinsurance of such obligations) and contract boundary queries.
  • On the ability to make changes to charges on with-profits business and the use of particular derivatives strategies in with-profits sub-funds.
  • In connection with investment mandates and reporting obligations under Solvency II.
  • In relation to the categorization of investments under the Solvency II rules and application of the look through requirement.
  • In connection with derivatives and clearing agreements for compliance with Solvency II requirements.
  • Rothesay Life - in relation to various outsourcing contracts.
  • Friends Life - on a UK life and pensions outsourcing worth over £1.4bn. The deal involved the outsourcing of its IT and customer service functions to TCS' UK subsidiary Diligenta.
  • LV= - in relation to the outsourcing of a general insurance policy administration system including its underwriting engine and the technology arrangements relating to distribution of the relevant products.
  • LV= - on an outsourcing of IT aspects (including data warehousing) of the operation of its annuity portal.
  • Various insurers - on a wide range of regulatory issues, including Unfair Contract Terms in Consumer Contracts, advice on Part 4A permissions, financial promotions and policy wordings.


FCA Consumer Duty for Insurance

Publication | October 17, 2022

UK: Impact of Brexit on financial institutions

Publication | January 19, 2021