Insurance Transactional

Fact Sheet

Experience

    • Manulife in its life insurance joint venture with Mahindra in India.
    • MetLife in its role, alongside leading insurer Zurich, in a £6 billion longevity swap transaction with the BBC Pension Scheme.
    • Brighthouse Financial in its approximately $4.1 billion sale to Aquarian Capital, a diversified global holding company.
    • Guardian, a life insurer and a provider of employee benefits, in its strategic partnership with Hamilton Lane.
    • American International Group in its strategic investment of approximately $2.1 billion in Convex Group Limited, a global specialty insurer, and approximately $646 million in Onex Corporation, a global asset manager.
    • Acorn, a portfolio company of funds managed by Oaktree Capital Management, in its acquisition of BW/IP, a wholly owned subsidiary of Flowserve that holds asbestos liabilities and related insurance assets.
    • Everest Group, a global specialty reinsurance and insurance underwriter, in the sale of the renewal rights for its global retail commercial insurance business to AIG.
    • Goldman Sachs, as financial advisor to Radian, a U.S. private mortgage insurer, in Radian’s $1.7 billion acquisition of Inigo, a multi-class specialty insurer.
    • RHB in its bancassurance and bancatakaful partnerships with Tokio Marine Life and Takaful Malaysia.
    • Stone Point Capital in its sale of Atrium Underwriting, a premier underwriting business at Lloyd’s, to CRC Group.
    • MetLife in its co-investment with General Atlantic in Chariot Reinsurance, an independent Bermuda-based Class E life and annuity reinsurance company.
    • Kelso & Company and its portfolio company, Accession Risk Management Group, in Accession’s $9.8 billion sale to Brown & Brown.
    • CRC Group, a Clayton, Dubilier & Rice and Stone Point Capital portfolio company, in its acquisition of ARC Excess & Surplus, a specialty wholesale broker.
    • J.C. Flowers in its acquisition of Admiral Group’s U.S. motor insurance business, including Elephant Insurance Company and Elephant Insurance Services.
    • Portage in its investment in leading UK fintech company Marshmallow, as part of a $90 million fundraise.
    • British Columbia Investment Management Corporation as part of an investor group, including Ethos Capital and White Mountains Insurance Group, Ltd., in its ownership position in BroadStreet.
    • Guardian, a life insurer and a provider of employee benefits, in its strategic partnership with Janus Henderson.
    • Compre Group Holdings Limited, the Bermuda-domiciled global specialty reinsurance group, in its acquisition of the CSE Group, a U.S. subsidiary of Covéa.
    • Bain Capital in its $825 million strategic growth investment in Lincoln Financial and its acquisition of a 9.9% stake in the company.
    • Talcott Financial Group, a Sixth Street Partners portfolio company, in its $3.6 billion block reinsurance transaction between its subsidiary, Talcott Life Re and Japan Post Insurance.
    • Mitsui Sumitomo Insurance Company, a subsidiary of MS&AD Insurance Group Holdings, in its agreement with the founding family of W. R. Berkley Corporation, a leading property and casualty insurance carrier, including acquisition of 15% of shares in W. R. Berkley Corporation in a transaction valued at approximately $3.8 billion.
    • Resolution Life in its $9.7 billion strategic reinsurance agreement with Protective, a U.S. subsidiary of Dai-ichi Life Holdings.
    • Unum Group in the $3.4 billion reinsurance agreement of its Unum Life Insurance Company of America subsidiary with Fortitude Reinsurance Company.
    • Meiji Yasuda Life Insurance Company in its acquisition of Legal and General’s U.S. insurance businesses for $2.28 billion and strategic partnership with Legal and General.
    • Elliott and its portfolio company, Prosperity Life Group, in the acquisition of Prosperity Life Group by JAB Holding Company.
    • Prudential Financial in its $7 billion agreement to reinsure a portion of its recently originated Japanese whole life policies with a subsidiary of Prismic Life, a Bermuda-based life and annuity reinsurance company.
    • Oaktree Capital Management and Velocity Risk in the $525 million sale of Velocity Risk to Ryan Specialty, and sale of Velocity Specialty Insurance Company to FM, from funds managed by Oaktree.
    • Northwestern Mutual in its strategic partnership with Sixth Street to support Northwestern Mutual’s long-term, diversified investment strategy for its institutional investment portfolios, which total over $320 billion.
    • Stone Point Capital in its equity investment in the Ardonagh Group, one of the world’s largest independent insurance distribution platforms, which values Ardonagh at $14 billion.
    • Bain Capital in its investment in Oak Reinsurance, and in its cornerstone investment in the Oak RE’s Lloyd’s Syndicate 2843, which will focus on global reinsurance.
    • Manulife, a Canadian multinational insurance company and financial services provider, in its $5.4 billion reinsurance agreement with Reinsurance Group of America, including $2.4 billion of long-term care reserves.
    • Everest Group, a global specialty reinsurance and insurance underwriter, in its strategic agreement for Ryan Specialty to acquire certain assets of Everest’s EverSports and Entertainment Insurance business, an MGU serving customers in the Sports, Leisure, and Entertainment market.
    • 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 Financial Group 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, 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.