Debevoise & Plimpton LLP is advising Swiss Re Corporate Solutions in its acquisition of IHC Risk Solutions, LLC and its direct employer stop loss business from Independence Holding Company ("IHC") for an aggregate of USD 152,500,000 in cash.
The transaction, which is subject to regulatory approval, includes IHC Risk Solutions' operations, its team of experts and business portfolio, including in-force, new and renewal business written with IHC subsidiaries, Standard Security Life Insurance Company of New York and Independence American Insurance Company.
Swiss Re Corporate Solutions offers innovative, high-quality insurance capacity to mid-sized and large multinational corporations across the globe. Offerings range from standard risk transfer covers and multi-line programs, to highly customized solutions tailored to the needs of its clients. Swiss Re Corporate Solutions serves customers from over 50 offices worldwide and is backed by the financial strength of the Swiss Re Group.
The Debevoise team is led by partner Alexander R. Cochran and includes partners Lawrence K. Cagney, Jeffrey P. Cunard and Vadim Mahmoudov, and associates Tomer S. Dorfan, Adam M. Namm, Michael G. Stern and Jeffrey A. Tate.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients' most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.