Debevoise & Plimpton LLP has advised Oaktree Capital Management, L.P. in its acquisition of Velocity Risk Underwriters, LLC, a catastrophe-focused property and specialty insurance risks managing general agent. For more information, please read the company’s press release.
Velocity Risk provides insurance coverage to clients in catastrophe-exposed areas of the U.S.
The Debevoise team was led by insurance M&A partner Alexander Cochran and counsel Andrew Jamieson and included associate Rebecca Sayles, benefits partner Franklin Mitchell and associate Sandy De Sousa, tax partner Peter Furci and associate Kimberly Lee, and antitrust counsel Kyra Bromley.