M&A for Insurance Businesses

Thursday, September 26, 2019 | 6:00 p.m. – 8:10 p.m.
Followed by a Networking Reception

Program Co-Chairs:
Lorraine D. Mandel
General Counsel, Global Derivatives and Government Affairs (ret.)
XL Group
Daniel A. Rabinowitz
Kramer Levin Naftalis & Frankel, LLP

  • The past couple of years have seen an explosive growth of merger and acquisition activity in the insurance and reinsurance industry, but will the trend continue? This program will afford an up-to-the moment guide to an evolving and dynamic landscape for new and experienced attorneys, corporate strategists, investment bankers and finance professionals.

    Our panel of attorneys and finance professionals will examine the ways M&A transactions differ for the re/insurance industry and provide a broad analysis of:

    • The forces shaping the growth in deal volume
    • The “nuts and bolts” of the structures used
    • Due diligence practices
    • Principal tax and regulatory considerations
    • Capital availability and conditions in the US and other global markets
    • Activity across business lines, such as property casualty, life, and intermediaries

    Live Program:
    NYC Bar, RAA, IFNY Members: $50*
    Nonmembers: $85
    *RAA and IFNY members, please contact Customer Relations at (212) 382-6663 to register.

    Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2017-2019), In-House/Corporate Counsel, Judges (and their staff who are also members), or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

  • Rajab S. Abbassi  
    Kirkland & Ellis LLP
    Peter D. Edgerton 
    Sidley Austin LLP
    Jon A. Hlafter       
    Skadden, Arps, Slate, Meagher & Flom LLP
    Peter Manley
    Managing Director, Financial Institutions Group
    J.P. Morgan
    JillAllison Opell       
    Foley & Lardner LLP
    John Pruitt 
    Co-Head of Global Insurance
    Eversheds-Sutherland (US) LLP
    Robert A. Romano 
    Locke Lord LLP
    Philip Salem
    Partner, Managing Director, Co-Head Americas, Insurance
    Goldman Sachs
    Allison J. Tam   
    Willkie Farr & Gallagher LLP
    Kim R. Wilkerson   
    Senior Vice President
    Regional Head of Claims
    XL Bermuda Ltd

  • 6:00 p.m. -6:50 p.m. Transaction Nuts & Bolts

    • The Players and the Motivations
    • Why is this Sector Different?
    • The Approaches (Stock and Legal Entity Acquisition/Merger/Fronting/Assumption Reinsurance/Novation/Solvent Schemes of Arrangement/Business Transfers)
    • Valuations and Purchase Price Provisions
    • Other Specialized Provisions
    • Tax Considerations
    • Claims Management Considerations

    Moderator: Lorraine D. Mandel

    Panelists: Rajab Abbassi, Peter Edgerton, Peter Manley, Kim Wilkerson

    6:55 p.m. – 7:35 p.m. The Regulatory Process

    • Regulatory Approvals in US and Other Jurisdictions
    • Can Due Diligence Cover the Risk?
    • Capital Requirements
    • Cross-Border Transactions

    Moderator: Dan Rabinowitz

    Panelists: JillAllison Opell, John Pruitt, Allison Tam

    7:40 p.m. -8:10 p.m. Current Trends

    • Consolidation in the P&C, Intermediary and Life Insurance Markets
    • Not Just a Spread Business?
    • Incubation of New Products
    • Case Histories

    Moderator: Dan Rabinowitz

    Panelists: Jon Hlafter, Robert Romano, Philip Salem

  • CLE Credit
    New York: 2.0 Professional Practice
    New Jersey: 2.1 General
    California: 2.0 General
    Pennsylvania: 1.5 General

  • Sponsoring Association Committee:
    Insurance Law, Drexel B. Harris, Jr, Chair

    Networking Reception Sponsors:
    Co-Sponsoring Organizations:

    Sponsorship Opportunities are Available! Please Contact:
    Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org