Experience

• • AIA Group in its $1.25 billion offering of subordinated securities, consisting of $500 million of 4.950% subordinated dated securities due 2035 and $750 million of 5.400% subordinated dated securities due 2054.
  • Guardian in its strategic partnership with HPS Investment Partners, a leading global credit investment firm with $116 billion in assets under management.
  • Sixth Street in its $5.1 billion acquisition of Enstar, a global insurance group.
  • Resolution Life in the offering of $500 million 8.25% notes due 2031.
  • Ambac in its acquisition of a majority stake in Beat Capital Partners in a transaction valued at approximately $282 million.
  • AIA Group in its $1 billion offering of 5.375% subordinated dated securities due 2034.
  • Artificial Labs, an insurtech company, in its joint venture with Apollo Underwriting, in respect of their smart follow collaboration.
  • Artificial Labs, an insurtech company, in its £8 million Series A+ funding round.
  • Prudential Financial in the formation of Prismic Life Reinsurance, a licensed Class E Bermuda-based life and annuity reinsurance company.
  • MTech Capital in its insurtech follow-on investment in Thinksurance, a consultation platform for commercial and industrial insurance based in Germany.
  • MTech Capital in its investment in digital health platform Peppy Health, as part of a Series B funding round.
  • MTech Capital in its insurtech investment in pet insurance provider Napo, as part of a Series A funding round.
  • Global Atlantic, a retirement and life insurance company, in the closing of its $2.4 billion Ivy II reinsurance co-investment vehicle.
  • A global private equity fund in its investment into a global reinsurer’s Lloyd’s of London platform, through the provision of Funds at Lloyd’s for the relevant Syndicate using the innovative insurance risk transformation structure, London Bridge 2 PCC Limited.
  • AIA Group in its $600 million offering of 4.95% notes, due 2033.
  • Compre, the Bermuda headquartered international legacy group, in its agreement with SiriusPoint on a reinsurance Loss Portfolio Transfer covering approximately $1.3 billion of reserves.
  • Intact Financial Corporation, the largest provider of property and casualty insurance in Canada and a leading provider of global specialty insurance, in its minority investment in Cartan Trade, the French new credit insurance provider.
  • Helios Underwriting, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's, in raising approximately £12.5 million through a placing of, and a subscription for, new ordinary shares.
  • Intact in its investment in insurtech company Urban Jungle, as part of its Series A funding round.
  • Certain holders of second lien term loans issued by Integro Parent Inc., part of Tysers Insurance Brokers, Ltd., a leading Lloyds independent broker, in a transaction under which AUB Group Limited will acquire Tysers from Odyssey Investment Partners for $615.2 million.
  • Canopius, a Centerbridge Partners portfolio company and a leading global specialty (re)insurer, in its $780 million loss portfolio transfer agreement with RiverStone International.
  • Compre, the Bermuda headquartered international legacy group, in its agreement with SUNZ Insurance Company to acquire a workers’ compensation legacy portfolio.
  • Covéa in its $9 billion acquisition of Partner Re, the largest deal in the insurance sector in 2021.
  • Asta Capital and its shareholders, the market leading third party managing agent at Lloyd’s, in its sale to Davies Group.
  • PGIM in its acquisition of Montana Capital Partners, a European-based private equity secondaries asset manager.
  • Prudential Financial in the sale of its retirement plan business to Empower for a total transaction value of $3.55 billion.
  • American International Group in its strategic partnership with Blackstone Group for its Life & Retirement business.
  • Covéa in the reinsurance of 30% of all in-force business carried by SCOR’s Irish Life entities as of December 31, 2020.
  • Compre in its reinsurance to close of Syndicate 3330’s 2018 year of account, and the purchase of AXA DBIO II’s Corporate Member.
  • Compre in the launch of its Lloyd’s legacy syndicate 1994, and its strategic partnership with Apollo to manage syndicate 1994, and to work with Compre to build its Lloyd’s legacy platform.
  • Compre in its reinsurance to close transaction of Apollo syndicate 1969’s 2017 and prior years of account.
  • Elliott Management Corporation, Wand Partners and Paraline Group in the investment by Bain Capital Credit in Beat Capital.
  • Helios Investment Partners in its launch of Africa Specialty Risk Group, a reinsurance business.
  • Third Point Re in its $788 million merger with Sirius Group.
  • AIG's Lloyd's Syndicate 2019 in its Tier 1 Funds at Lloyd's facility.
  • Prudential Financial in its $1.9 billion sale of Prudential Life Insurance of Korea to KB Financial Group.
  • GreyCastle in its sale to Monument Re, advising on the complex offshore UK / Bermuda life insurance structure. Debevoise also advised on the original establishment of GreyCastle.
  • AIA Group in its $1.75 billion offering of 3.2% subordinated fixed rate securities, due in 2040. The offering was named “Bond Deal of the Year” by FinanceAsia in its annual Achievement Awards.
  • Lovell Minnick in its take-private deal for Charles Taylor, a leading provider of professional services to the global insurance market.
  • AmTrust Financial Services in the sale of its domestic and international surety and credit reinsurance operations to Liberty Mutual.
  • AmTrust in the merging of its Lloyd’s business with Canopius. The transaction will create a top-five insurer at Lloyd’s with combined premiums of approximately $2.2bn.
  • Hamilton Insurance Group in its acquisition of Pembroke Managing Agency and Ironshore Europe DAC from Liberty Mutual.
  • AmTrust Financial Services in its $830 million reinsurance-to-close deals with Enstar Group in respect of its Lloyd’s operations.
  • AmTrust Financial Services in the merging of its Lloyd’s business with Canopius. The transaction will create a top-five insurer at Lloyd’s with combined premiums of approximately $2.2 billion.
  • HarbourVest Partners in its role in the £1.2 billion take-private acquisition of UK insurer esure.
  • Assured Guaranty in its acquisition of a minority interest in Rubicon Infrastructure Advisors.
  • AIA Group in its $500 million offering of 3.90% notes due 2028.
  • AXA in its acquisition of Bermuda-based XL/Catlin Group for $15.3 billion in connection with insurance M&A and regulatory matters.
  • Hanover Insurance in its $950 million sale of Chaucer, its Lloyd's-focused international specialty business, to China Re.
  • American International Group in its $5.56 billion acquisition of Validus Group, a Bermuda-based, NYSE-listed, (re)insurance company.
  • Argenta in the sale of Syndicate 2121 at Lloyd's and the Argenta members' agency to Hannover Re.
  • American International Group in several transactions with Fairfax Financial, a leading global property and casualty insurer and reinsurer, as part of a strategic partnership in 12 jurisdictions across Latin America, Central and Eastern Europe.
  • Canada Pension Plan Investment Board in its $1.1 billion acquisition of Ascot from American International Group.
  • MBIA in the sale of its UK subsidiary to Assured Guaranty.
  • PartnerRe in its €750 million debut Eurobond offering of 1.25% notes due 2026.
  • Prudential Financial in its $350 million partnership with LeapFrog Investments, targeting investments in life insurance companies in Africa.
  • American International Group in the buyout of its joint venture partner Aurec from AIG Israel.
  • Aetna in its acquisition of the Middle Eastern, Pacific and UK operations of Goodhealth Worldwide.
  • AIA Group in its $1.7 billion acquisition of ING's insurance businesses.
  • American International Group in the proposed sale of up to 90% interest in International Lease Finance Corporation to a consortium of Chinese investors in a transaction with an implied enterprise value of $27 billion. (Terminated)
  • American International Group in the proposed sale of AIA Group Limited to Prudential plc for $35.5 billion. (Terminated)
  • AXA Group and its main shareholder, FINAXA, in their €5 billion merger.
  • AXA in the sale of its Banque Worms unit to Deutsche Bank AG.
  • Benfield in its $1.75 billion merger with Aon.
  • Benfield in its £157 million initial public offering of common shares, listed on the London Stock Exchange.
  • Benfield in its $30 million investment in Glacier Re Holdings s.a.r.l., the Luxembourg holding company of the recently established Swiss-based start-up reinsurance company Glacier Reinsurance AG.
  • Benfield in the acquisition by Crawley Warren (USA), a wholly-owned subsidiary of Benfield Group, of an additional 43% interest in International Space Brokers, a unit of Frank Crystal & Co.
  • Benfield in the formation and $1 billion initial capitalization of Montpelier Re Holdings Ltd. and its wholly-owned subsidiary, Montpelier Reinsurance Ltd., together with White Mountain Insurance and other investors.
  • A subsidiary of Berkshire Hathaway in its acquisition of Hartford Life International Limited, an Irish domiciled variable annuity writer, for approximately $285 million.
  • Catlin Insurance Company in its $600 million offering of non-cumulative perpetual preferred shares.
  • Catlin Group in its £190 million initial public offering and London Stock Exchange listing.
  • Catlin Underwriting Agencies in its £591 million acquisition of Wellington Underwriting.
  • Catlin Group in its £200 million rights issue, underwritten by JP Morgan and UBS.
  • CBS Insurance Holdings in its sale of Abacus Syndicates to Imagine Group, an insurer headquartered in Barbados.
  • CBS Private Capital in the sale of its Lloyd’s agency business to Hampden Private Capital.
  • Cunningham Lindsey in its recapitalization by CVC Capital Partners.
  • Stone Point Capital in the sale of Danish Re (Bermuda) Limited and all related subsidiaries of the Danish Re Group Worldwide to The Imagine Group.
  • First Reserve Corporation in its establishment of Syndicate 2243 at Lloyd’s in partnership with C.V. Starr.
  • Global Atlantic, a retirement and life insurance company, in the sale of Ariel Re, its Bermuda and Lloyd’s insurance and reinsurance businesses to BTG Banco Pactual.
  • Goldman Sachs Reinsurance Group in its acquisition of the Bermuda-based reinsurance operations of Ariel Holdings.
  • GoshawK Insurance Holdings in its acquisition by Enstar Group Limited.
  • GoshawK Insurance in its sale of the reinsurance business of Rosemont Re to a consortium of private equity investors led by Don Kramer.
  • GreyCastle in its $570 million acquisition, backed by a consortium of investors, of the run-off Life Reinsurance operations of XL Group.
  • Hanover Insurance in its £313 million public bid for Chaucer Holdings.
  • Hardy Underwriting in its £143 million acquisition by CNA Financial.
  • Hardy Underwriting in its response to the unsolicited takeover approach announced by Beazley plc.
  • Hardy Underwriting Bermuda Limited in its joint venture with Arab Insurance Group to form Hardy Arig Insurance Management, based in Bahrain.
  • Hardy Underwriting Bermuda in its £40.3 million placing and open offer of new common shares listed on the London Stock Exchange.
  • Hardy Underwriting Group plc in its redomiciliation to Bermuda by Scheme of Arrangement under s.425 of the Companies Act and the admission of Hardy Underwriting Bermuda Limited to listing on the London Stock Exchange.
  • A major global insurer in the establishment of an FSA-compliant investment programme for its newly authorised UK life operation.
  • New York Life Investments in its €380 million acquisition of Dexia Asset Management.
  • Novae Insurance Company Limited on the transfer of its insurance business and reserves to Lloyd's Syndicate 2007 by Court order under Part VII of the Financial Services & Markets Act 2000.
  • Novae Group in its announced public takeover approach to Chaucer Plc. (Terminated)
  • Novae Group in its £100 million Tier 2 debt raising and offering on the London Stock Exchange.
  • Novae Group in its £103 million rights issue raised to capitalise a new FSA-authorised insurer, Novae Insurance Company Limited.
  • Omega Insurance Holdings in its agreement with Canopius Group on the terms of a recommended £164 million all-cash bid for Omega by Canopius.
  • Omega Insurance Holdings Limited in the partial cash offer by Haverford (Bermuda) to acquire up to 25% of Omega's common shares listed on the London Stock Exchange. (Terminated)
  • Pacific Life Insurance in its acquisition of the International Life Reinsurance segment of Scottish Re Group Limited.
  • Prudential Financial in the sale of PRICOA Property Investment Management Limited, part of its real estate and investment advisory business in Europe, in a management buyout.
  • Stone Point Capital in its sale of an interest in Securis Investment Partners, an insurance-linked securities manager.
  • Stone Point Capital in the sale, to Lockton, of a minority stake in Lockton's international operations.
  • Swiss Re in its €800 million multi-year, multi-peril parametric index European CAT bond program and its associated three-year reinsurance treaty with Groupama.
  • Syncora Holdings and its subsidiary, Syncora Guarantee, in the subsidiary's comprehensive $6 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.
  • TIAA-CREF in its partnership with Henderson Group PLC to create TIAA Henderson Real Estate Limited, a new global real estate investment management company.
  • Rubicon Corporation in the sale of Link Underwriting Agency to the Guardian Insurance Group.