Debevoise & Plimpton LLP is advising Morgan Stanley as financial advisor to Endurance Specialty Holdings Ltd. (“Endurance”) in its agreement to acquire Montpelier Re Holdings Ltd. (“Montpelier”) for $1.83 billion in aggregate, based on Endurance's closing price on March 30, 2015.
The transaction is expected to be completed in the third quarter of 2015 and is subject to the approval of both companies' shareholders, regulatory approvals and the satisfaction of customary closing conditions.
Endurance is a global specialty provider of property and casualty insurance and reinsurance. Through its operating subsidiaries, Endurance writes agriculture, casualty and other specialty, professional lines and property, marine and energy lines of insurance and catastrophe, property, casualty, professional lines and specialty lines of reinsurance. Montpelier, through its operating subsidiaries, is a premier provider of global property and casualty reinsurance and insurance products.
The Debevoise team is led by partner Marilyn A. Lion and includes associate Rebecca J. Sayles.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.