Experience

• • The Standard in its acquisition of The Allstate Corporation’s Employer Voluntary Benefits business in a transaction valued at approximately $2 billion.
  • Ambac in the $420 million sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac UK, to funds managed by Oaktree Capital Management.
  • Third Point in the launch of Malibu Life Reinsurance SPC, a licensed life and annuity reinsurer based in the Cayman Islands.
  • Resolution Life in its strategic partnership with Blackstone, including a $500 million strategic investment, for its life insurance and annuity consolidation business.
  • Wilton Re, a majority-owned reinsurance company of CPP Investments, in its sale of Ivari, a Toronto-based life insurance company, to Sagicor Financial Company.
  • Global Atlantic, a retirement and life insurance company, in its $10 billion annuity reinsurance transaction with Equitable Financial Life Insurance Company.
  • LIBERTY Dental Plan Corporation, a dental benefits administrator, in its sale of a majority stake in LIBERTY to Welsh, Carson, Anderson & Stowe, a private equity firm.
  • Resolution Life, a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies, in the reinsurance of $35 billion in fixed indexed annuities from Allianz Life.
  • Resolution Life, a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies, in its $9.4 billion reinsurance agreement with Lincoln Financial Group.
  • Covéa in its definitive agreement to sell CSE Insurance to Porch Group for $48.6 million in cash.
  • Unum Group in its agreement to reinsure a substantial portion of its Closed Individual Disability Insurance Block business to a subsidiary of Global Atlantic.
  • Liberty Mutual in a book roll/reinsurance transaction with respect to a book of AIG business.
  • AXA in its $4.8 billion reinsurance transaction with Global Atlantic 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.
  • Resolution Life, a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies, in its $1.25 billion acquisition of Voya Financial’s individual life in-force business.
  • New York Life in its $6.3 billion acquisition of Cigna’s Group Life and Disability Insurance business.
  • Prudential Financial in its $2.35 billion acquisition of Assurance IQ.
  • Hamilton Insurance Group in its acquisition of Pembroke Managing Agency and Ironshore Europe DAC from Liberty Mutual.
  • Resolution Re in the reinsurance of structured settlement annuity contracts and income annuity contracts from Symetra Life Insurance Company.
  • Wilton Re in its agreements to reinsure legacy comprehensive and nursing home long-term care insurance policies from Bankers Life and Casualty.
  • Syncora Holdings in a reinsurance agreement with Assured Guaranty to reinsure approximately $13.5 billion of financial guaranty policies, representing 91% of Syncora's outstanding insured exposures.
  • American International Group in its $5.56 billion acquisition of Validus Group, a Bermuda-based, NYSE-listed, (re)insurance company.
  • Cornell Capital as a lead investor in the $2.05 billion acquisition of Talcott Resolution, The Hartford’s run-off life and annuity businesses.
  • AmTrust Financial Services in a strategic transaction with Madison Dearborn for a portion of AmTrust’s U.S. fee businesses valued at $1.15 billion.
  • A major life insurer in a purchase price adjustment dispute.
  • Wilton Re in its acquisition of Aegon Transamerica’s two largest U.S. run-off businesses.
  • 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.
  • AmTrust Financial Services in its $219 million acquisition of ANV Holding, a Lloyd's platform.
  • Sun Life Financial in its $975 million acquisition of Assurant’s Employee Benefits business.
  • The Prudential Insurance Company of America in the sale of a group annuity contract to Kimberly-Clark Corporation.
  • Blackstone Group’s Tactical Opportunities Group in the acquisition of Philadelphia Financial Group from Tiptree Financial.