Capital Markets

Our attorneys have advised in connection with insurance capital markets products and capital raising transactions based on insurance products, such as:

• Securitizations of life and annuity policies;
• Catastrophe bond and sidecar offerings covering risks relating to hurricanes and other natural disasters, including multi-peril structures;
• Indexed notes linked to various forms of insurance product exposure, such as residual values, closed block or embedded values, property and mortgage insurance risk, and weather risk;
• Indexed notes designed for segregated insurance account investors;
• Derivatives and futures transactions relating to property loss indices;
• Life insurance premium financing programs, including complex collateralized structured premium finance programs;
• Life settlement securitization transactions;
• Life and annuity securitizations; and
• Regulatory capital (Triple X and Rule 144A surplus note) offerings for insurance companies.

M&A and Other Fundamental Transactions

Our attorneys also advise insurance companies and their affiliates, on other transactional matters, including:

• Acquisitions and dispositions of insurance companies and other regulated entities;
• Acquisitions and dispositions of active insurance business lines, including variable annuity, reinsurance and monoline operations;
• Acquisitions and dispositions of insurance industry service businesses, including retirement and investment service operations;
• Acquisitions and dispositions of closed blocks;
• Implementation of runoff programs for designated business lines;
• Establishing Bermuda, Cayman and Irish reinsurers, captives and special purpose vehicles;
• Insurance company initial public offerings and follow-on offerings of securities; and
• Rehabilitations and recapitalizations of insurance companies.