ICSR is a group of highly experienced individuals passionate about helping others to ensure that they meet regulatory requirements and achieve their goals within an environment of business, legal and regulatory change. These leaders are supported by a Talent Pool of like-minded and experienced individuals who bring depth and additional skills in corporate governance, project management and training available according to the customers’ needs to ensure that a business in regulatory transformation can implement and embed change appropriately.

Kenneth Underhill

07715 655745

Kenneth Underhill


Kenneth Underhill has over 20 years experience in the London Insurance market and is the former General Counsel of Chubb European Group, then ACE. A Director of multiple Insurance Companies operating in over 30 countries with a turnover in the range of $5 + billion, he was responsible for Legal, Compliance and Corporate Governance across the EMEA region and had a team of 60 or so. Prior to that Kenneth was a founding partner of the Commercial & Regulatory team at Reynolds Porter Chamberlain where one client described him in the Legal 500 as “The best regulatory lawyer in the London Market”. Kenneth is known for his no-nonsense style, ability to pick up issues quickly and provide pithy advice together with the wish to roll up his sleeves and get the job done.

Kenneth was born in Brisbane, Australia in 1964 and was educated at schools on the Gold Coast, Queensland and in Surry, England before undertaking his first Law degree part-time at the Queensland University of Technology while working as a trainee solicitor from 1984 onwards. After completing this degree and being admitted as a solicitor in Queensland in 1989 he moved to the UK and undertook a Masters of Laws at LSE a part of London University. He also was admitted to the roll as a solicitor in England and Wales in 1991.

Following completion of his studies, Kenneth took work at Charles Russell before moving in-house at Lowndes Lambert in 1994 as Assistant Group Solicitor covering a broad spectrum of issues and topics as expected at a rapidly growing and transforming international company. After 6 years he left Heath Lambert as it had become and joined Reynolds Porter Chamberlain shortly after which he was made a partner. He worked on a variety of issues before becoming one of the founding partners of their Commercial and Regulatory practice which grew organically before he left in 2007 to join ACE European Group as the General Counsel. Here he was responsible for legal, company secretariat and compliance across the EMEA region.

During his time at these regulated organisations and while at RPC Kenneth was involved in a significant number of issues where regulation was a centre point. He has been involved in many regulatory disciplinary proceedings both at Lloyd’s and outside and numerous business reviews including skilled persons reviews and subsequent remediation exercises. Along the way there have also been a significant number of acquisitions with consequential restructures including cross-border mergers as well as other corporate activity such as IPOs, joint ventures, business transfers and the development of businesses in new territories.

Kenneth was also a director of regulated entities trading in over 30 countries with a combined turnover totalling more than $5 billion. He was approved by the regulators in each country where approval was required including being an Approved Person for the 5th or 6th largest regulated insurance company in the UK. His experience resulted in a deep understanding of both UK and international corporate governance.

John Moffatt

07593 142944

John Moffatt


John Moffatt is one of the most senior members of the London Market Compliance community having spent over 35 years in the market and the last 20 + years as a Compliance Officer at Insurers as diverse as Amlin, Danish Re, Riverstone, Starr, Beazley and Atrium engaging with a broad range of products and creating diverse and unique international experience. He was the founder of The Compliance Officers Group and remained its Chairman until 2017 and has been Chairman of the LMA Regulatory Committee. John is passionate about Compliance and its place within the business of an insurer. He seeks to develop Frameworks which are simple and easy to operate while ensuring the business meets it’s legal and regulatory requirements and he works to engender a healthy relationship between insurers and their regulators.

John has worked for over 35 years in the Lloyd’s Market. The first part of his career was acting as an advisor to the individual investors in the Market at the time (“the Names”).

In the mid 1990’s he worked for Lloyd’s during the Reconstruction and Renewal phase where Lloyd’s divested itself of the historical losses. This was a fascinating period. It also acted as a transition into the managing agency world acting for corporate capital. It was from this time on that John specialised in compliance and acted as the Money Laundering Reporting Officer.

John is a Fellow of the Institute of Chartered Secretaries and Administrators and has acted as a Company Secretary in several companies. He has also acted as a Board director.

His broad spread of experience has seen him acquire knowledge from small start ups to large PLCs, operate as the sole compliance person in a firm and head a team.

John has also acted as the Chair of the LMA regulatory committee and chaired the Compliance Officers Group in the Lloyd’s market on and off for over 15 years. He is a member of the Worshipful Company of Insurers and a member of the Institute of Money Laundering Prevention Officers.

John’s preferred approach is to work with a firm supporting their objectives and providing technical guidance. He specialises in work related to governance process effectiveness and control assessment, Senior Insurance Managers regime, licencing, company structures and Brexit, regulatory applications, Conduct Risk, Financial Crime, Board effectiveness reviews, Compliance monitoring programmes, application of the Modern Slavery Act and Broker monitoring and due diligence.

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Advisory | Resourcing | Training

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