Experience

- Prudential Financial in the $11 billion reinsurance transaction of a portion of its guaranteed universal life block with Wilton Re, a provider of In Force and reinsurance solutions.
- The Standard in its acquisition of The Allstate Corporation’s Employer Voluntary Benefits business in a transaction valued at approximately $2 billion.
- Guardian in its strategic partnership with HPS Investment Partners, a leading global credit investment firm with $116 billion in assets under management.
- Sixth Street in its $5.1 billion acquisition of Enstar, a global insurance group.
- Ambac in the $420 million sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac UK, to funds managed by Oaktree Capital Management.
- Ambac in its acquisition of a majority stake in Beat Capital Partners in a transaction valued at approximately $282 million.
- Corebridge Financial in AIG’s $3.4 billion sale of Corebridge common stock to Nippon Life Insurance Company.
- American Coastal Insurance Corporation in its sale of Interboro Insurance Company to Forza Insurance Holdings.
- Third Point in the launch of Malibu Life Reinsurance SPC, a licensed life and annuity reinsurer based in the Cayman Islands.
- Swiss Re in a strategic partnership with Resolution Life in support of its transaction with Farmers New World Life Insurance Company.
- Brookfield Reinsurance in its acquisition of American Equity Investment Life Holding Company in a transaction valued at approximately $4.3 billion.
- Global Atlantic, a retirement and life insurance company, in the closing of its $2.4 billion Ivy II reinsurance co-investment vehicle.
- KKR and Global Atlantic, a retirement and life insurance company, in their strategic partnership with Japan Post Insurance.
- Constellation, backed by institutional investors Caisse de dépôt et placement du Québec and Ontario Teachers’ Pension Plan Board, in its $10 billion block reinsurance transaction with Prudential.
- Compre, the Bermuda headquartered international legacy group, in its agreement with SUNZ Insurance Company to acquire a workers’ compensation legacy portfolio.
- Bregal Sagemount in its strategic growth investment in Neptune Flood Incorporated, a leading digital insurtech platform and private flood insurance provider.
- Fortitude Re, a Carlyle portfolio company, in its $28 billion reinsurance transaction with Lincoln Financial Group.
- Compre, the Bermuda headquartered international legacy group, in its agreement with SiriusPoint on a reinsurance Loss Portfolio Transfer covering approximately $1.3 billion of reserves.
- AIA Group in its acquisition of MediCard Philippines, a leading Health Maintenance Organisation (HMO) in the Philippines providing health insurance and healthcare services.
- Elliott Management Corporation, Wand Partners and Paraline Group in the investment by Bain Capital Credit in Beat Capital.
- Stone Point Capital in its significant equity investment in specialty insurance broker Alliant Insurance Services, with KKR retaining a significant equity investment in the business.
- Morgan Stanley, as financial advisor to Endurance Specialty Holdings Ltd, in Endurance Specialty Holdings Ltd's $1.83 billion acquisition of Montpelier Re Holdings Ltd.

Insurance M&ANoted for advising on more insurance M&A deals over the past 10 years than any other law firm by S&P Global, Insurance M&A is consistently the largest component of Debevoise’s Global Insurance Practice. The firm is widely recognized as a market leader in insurance M&A and is consistently called on for the industry’s most challenging, innovative and high-profile transactions. Our insurance M&A lawyers understand the perspectives of the full range of market participants, from traditional insurers and reinsurers to financial sponsors and intermediaries. The firm regularly acts on cross-border transactions and can execute local country and multijurisdictional acquisitions anywhere in the world. With the support of more than 80 corporate, regulatory, restructuring, tax, litigation and executive compensation partners and counsel dedicated to the industry, the M&A team brings to its work an unsurpassed depth of knowledge of industry issues, deal technology and regulatory sensitivities.Additional Insurance Solutions
Insurance companies, pension plans and other market participants require an increasingly sophisticated approach to capital raising and risk transfer transactions. The Debevoise Global Insurance Practice offers clients market-leading capabilities with respect to a broad range of insurance solutions to meet these needs both on a standalone basis and in connection with M&A transactions. A particular strength of our Global Insurance Practice is in structuring the financing and risk management components of insurance company acquisitions by financial sponsors. Our capabilities in these areas include:

reserve and other financing transactions for insurance companies;

pension plan “de-risking” transactions totaling in excess of $30 billion of assets;

insurance company formation and capitalization;

multijurisdictional bancassurance transactions;

IPOs, spin-offs and other traditional capital markets transactions for insurance companies, including offerings of surplus notes, debt offerings and instruments designed to meet regulatory capital requirements under U.S., Canadian, Bermudian, European and other jurisdictions; and

structured reinsurance solutions.

Insurance Transactional

Experience