David Grosgold is a partner in the firm’s Financial Institutions and Insurance Practice Groups. His practice focuses on domestic and cross-border ...
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- AXA in the acquisition of Bermuda-based XL/Catlin Group for $15.3 billion in connection with insurance M&A and regulatory matters.
- American International Group in its $5.56 billion acquisition of Validus Group, a Bermuda-based, NYSE-listed, (re)insurance company.
- Bedrock Insurance in its acquisition of Ashmere Insurance, a workers’ compensation specialty insurance company.
- Resolution Life in its sale of Lincoln Benefit Life to Global Bankers Insurance Group.
- Kuvare in its acquisition of United Life Insurance Company.
- Prudential Financial in the acquisition by its subsidiary, Prudential do Brasil Seguros de Vida of the group life insurance operations of Itaú Unibanco in Brazil.
- Anbang Insurance Group in its proposed $1.6 billion acquisition, later terminated, of Fidelity & Guaranty Life.
- Exor as insurance M&A counsel in its contested $6.9 billion acquisition of PartnerRe, a Bermuda-based reinsurance company.
- AXA in its agreement with SulAmérica to acquire 100% of its Large Industrial and Commercial risks insurance business in Brazil.
- Prudential Financial in its acquisition of a 40% interest in Administradora de Fondos de Pensiones Habitat, a leading provider of retirement services in Chile, for a total purchase price of approximately $550 million.
- Global Atlantic Financial Group in the sale of its Bermuda and Lloyd’s insurance and reinsurance businesses to BTG Banco Pactual.
- Diamond Castle in the restructuring of, and secondary sale of interests in, Diamond Castle Partners IV. In the transaction, investment funds managed by Goldman Sachs Asset Management, Intermediate Capital Group and other syndicate investors committed capital to a newly formed Diamond Castle-managed fund that acquired most of the portfolio of Fund IV, and Fund IV limited partners elected either to participate in the longer term potential of the portfolio by rolling their interests into the new fund or to effectively sell their interests to the buying syndicate.
- AXA in its acquisition of 51% of Mercantil Colpatria’s insurance operations in Colombia for COP 672 billion.
- Resolution Life in its formation and initial capitalization, related to its $587 million acquisition of Lincoln Benefit Life Company from Allstate Life Insurance Company, which included reserve financing, a reinsurance facility and bank debt.
- Goldman Sachs in the formation, separation and disposition of Global Atlantic Financial Group.
- New York Life Insurance in the sale of New York Life Insurance Taiwan Corporation, its Taiwan life insurance subsidiary, to Yuanta Financial Holding.
- Prudential Financial in its acquisition of The Hartford’s Individual Life Insurance business.
- New York Life Insurance Company in the sale of its Mexico surety subsidiary, Fianzas Monterrey, to ACE Group, for about $285 million.
- Prudential Financial in its sale of Afore XXI, a Mexican private pension manager, to Banorte.
- New York Life Insurance Company in the sale of New York Life Insurance Taiwan Corporation, its Taiwan life insurance subsidiary, to Taishin Financial Holding Co.
- Prudential Financial in its sale of Prudential Real Estate and Relocation Services (PRERS), the company’s real estate brokerage and relocation services unit, to Brookfield Residential Property Services.
- Harbinger Group in its $350 million acquisition of Old Mutual U.S. Life Holdings.
- Prudential Financial in its $4.8 billion acquisition of Japan-based AIG Star Life Insurance and AIG Edison Life Insurance from American International Group.
- BM&FBOVESPA in its $620 million investment in a joint venture with CME Group to form Global Preferred Strategic Partners.
- Syncora Holdings and its subsidiary, Syncora Guarantee, in the subsidiary's comprehensive $6.0 billion restructuring relating to its transactions with various financial institutions that were counterparties to its credit default swaps and holders of residential mortgage-backed securities that it guaranteed.
- Stone Point Capital in its acquisition of a 51% interest in First Insurance Solutions Group from Fiserv, Inc.
- Yeshiva University, Benjamin N. Cardozo School of Law, 2005, J.D.
- Hebrew University of Jerusalem, 2001, B.A.