Debevoise & Plimpton LLP is advising Global Atlantic Financial Group on the reinsurance of approximately $9 billion of fixed annuities and other spread-based reserves of Talcott Resolution, The Hartford’s run-off life and annuity businesses, following The Hartford’s sale of Talcott Resolution.

Global Atlantic Financial Group, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help its customers address financial challenges with confidence. Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013.

The Debevoise team is led by partner Thomas M. Kelly and includes partner Peter F.G. Schuur and associates Joe Binder, Matthew B. Parelman and Leron Solomon.

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.