Debevoise & Plimpton LLP is advising Syncora Holdings Ltd. on a reinsurance transaction with Assured Guaranty Corp., pursuant to which Assured will reinsure approximately $13.5 billion of Syncora insured financial guarantee policies, representing approximately 91% of Syncora's outstanding insured exposures. The transaction is expected to close no later than the end of the second quarter of 2018.

The Debevoise team is led by partner Steven J. Slutzky and counsel Michael D. Devins and includes counsel Erin Cleary and Armando Rivera Jacobo and associates Risa B. Gordon, Eric T. Juergens, Kristen A. Matthews 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.