Michael R. Halsband has joined Drinker Biddle & Reath LLP as a member of the firm’s Insurance Transactional and Regulatory Team. He will reside in the New York City office.
“As an insurance-focused deal lawyer, Michael broadens the capabilities of our internationally recognized Insurance Transactional and Regulatory team. He brings significant knowledge and experience to help our clients capitalize on the influx of institutional capital into the insurance and reinsurance industries,” said Neil K. Haimm, Chair of the Corporate and Securities Practice Group. “We are extremely pleased to add a lawyer of Michael’s caliber, who has held senior positions at some of the world’s foremost financial institutions.”
Mr. Halsband brings 25 years of broad leadership experience in the insurance and reinsurance industry to the firm. His transactional work is focused on complex structured reinsurance transactions, products and entities; insurance-linked securities (ILS); sidecar and cat convergence fund formation and management; and distressed portfolio run-off administration and strategies. He also advises clients on corporate and regulatory matters.
Mr. Halsband was the founding senior executive and President of the capital markets and ILS convergence initiative at Sirius Group, where he was principally responsible for development and launch of convergence strategy, design and structuring of third-party institutional cat platform. Prior to joining Sirius, Halsband was the Director of Capital Markets and Treasury Solutions at Deutsche Bank, engaged in the origination, structuring, execution and marketing of a range of ILS transactions sponsored by the some of the insurance market’s leading and most well known names.
Before Deutsche Bank, Halsband was a Vice President at Goldman Sachs and responsible for the origination, structuring, execution and marketing of some of the earliest and most innovative syndicated sidecars and ILS transactions. Preceding his time in investment banking, Halsband was North America General Counsel at Alea Group and insurance and corporate regulatory counsel at Centre Group.
Mr. Halsband earned his J.D. from Rutgers University School of Law - Newark and his bachelor’s degree from Muhlenberg College.