The Corporate & Securities Group’s Insurance Regulatory team provides insurers, investors and brokers with insurance regulatory, transactional, tax advice and support.
Members of the team are resident in the firm’s New York, London, Philadelphia, Chicago and Princeton offices and have decades of experience working with industry participants in the U.S., Europe and Bermuda. The team regularly assists in forming insurers and reinsurers, obtaining approvals and licenses for them, and acquiring and selling companies. The team also helps in securing regulatory approvals for new products, making holding company act filings, providing regulatory counseling and advocacy before U.S. regulators nationwide and monitoring and assessing state and federal regulatory and legislative developments.
Our team also helps coordinate projects with additional firm practices, including antitrust, labor and employment, employee benefits and executive compensation, litigation and insurance coverage, tax and trademark.
Representative assignments as of May 2012 include:
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Initial licensing and start up operations for a newly-formed municipal bond insurer – drawing on insurance regulatory, corporate, tax and other resources.
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Form A filing in Delaware for a European acquirer of a Bermuda domiciled insurance group – requiring corporate, antitrust, tax and regulatory expertise.
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50 state approval for a new multi-beneficiary reinsurance trust formed by a Bermuda reinsurer – insurance regulatory, tax and trust contributors.
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Advising a major insurance group on restructuring of certain operations and related U.S. federal income tax issues.
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Assisting clients with responses to investigative subpoenas, including monitoring lender-placed insurance market developments at both state and federal levels – integrating litigation and insurance regulatory specialists.