Tamanna Islam
Tamanna specialises in financial services regulation.
Tamanna has over 10 years' experience specialising in financial services regulation and wealth management, with a particular focus on insurance, superannuation, and financial advice and distribution. Tamanna is an expert across the full lifecycle of regulatory matters, including governance, licensee and conduct obligations, prudential regulation, legacy and rationalisation issues, breach reporting, and M&A transactions in the financial services sector. She is also experienced in advising on regulatory strategy and engagement with ASIC and APRA.
Tamanna is regarded by her clients as "efficient, thorough, considered and clear in her approach" and "exceptional in terms of response time and quality of advice". Her expertise is recognised by clients and peers in the Legal500 Asia Pacific Guide, where she is listed as a Next Generation Partner in Insurance.
Tamanna has undertaken secondments to Resolution Life, Challenger, BT and Suncorp.
Experience & capabilities
Selected matters
- Allianz on its $640 million acquisition of the general insurance business of the Royal Automobile Association of South Australia
- Resolution Life on Nippon Life’s US$8.2 billion acquisition of Resolution Life, including the related joint venture arrangements between Resolution Life Australasia and MLC Life
- HCF Life in its defence of Federal Court proceedings commenced by ASIC in relation to alleged unfair contract terms in a range of HCF Life’s insurance policies, and associated misleading conduct
- TAL, Resolution Life, CBA and Westpac on the amalgamation of life insurance companies via a scheme under Part 9 of the Life Act
- Aware Super, MetLife, TAL and Team Super on the implementation of the Financial Accountability Regime
- Challenger, BT and Colonial First State on a series of successor fund transfers and rationalisation projects
- TAL Dai-ichi on its $900 million acquisition of Westpac's life insurance unit, including negotiation of a 20-year strategic distribution agreement for life insurance
- Qantas Loyalty, Zurich, TAL and CBA in respect of their strategic insurance distribution arrangements
- HCF Life on the development of its innovative injury insurance product known as 'Flip Insurance'
- Airbnb on the launch of insurance offerings in the Australian market
Sectors
Background
Tamanna holds a Bachelor of Arts (Politics and International Relations) and Bachelor of Laws (Honours) from the University of New South Wales.
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