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Insurance Transactions & M&As

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Working in a thoroughly interdepartmental manner, Crowell & Moring marshals all of its resources to help execute transactions quickly, efficiently, and effectively. Our transactional attorneys have represented insurers on acquisitions, dispositions, joint ventures, submarket exit strategies, new market entry strategies, joint ventures, international expansion, free trade issues, and access to capital markets. Drawing from so many areas of experience at our firm, including our international trade advisory group, we are able to help our clients design transactions, evaluate exposures, and get deals approved, no matter where they are centered.

Selected representative transactions include the following:

  • Representation of a $20 billion insurer as issuer in a $200 million earthquake catastrophe bond transaction.
  • Representation of a state insurance department as regulator in the demutualization of a major mutual life insurance company.
  • Representation of a major health insurance company in the financing of its merger-of-equals with a competitor health insurance company.
  • Representation of a reciprocal insurance company in its conversion to a stock insurance company.
  • Representation of a major investment bank in its acquisition of a life insurance company.
  • Representation of a mutual insurance company in its merger with a competitor mutual insurance company.
  • Representation of a major life insurance company in the acquisition of a $500 million book of life insurance business via an assumption reinsurance transaction.
  • Representation of a major insurance broker in multiple acquisitions of competitor insurance broking companies.
  • Representation of a major commercial bank in multiple financing transactions for stock life insurance companies.
  • Representation of a major mutual insurance company in surplus note financing transactions.
  •  Representation of a major life insurance company in multiple guaranteed investment contract financing transactions.
  • Representation of a major pharmacy benefit company in its acquisition of a life insurance company.
  • Representation of a major title insurance company in multiple acquisitions of competitor title insurers.
  • Representation of a private equity fund in the establishment and funding of a series of sidecar reinsurance facilities sponsored by a major reinsurance company.
  • Representation of a private equity fund in its investment in an internet-based insurance marketing platform.