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Clifford Chance expands US Insurance practice with hire of partner Frank Monaco

11 April 2023

Clifford Chance expands US Insurance practice with hire of partner Frank Monaco

Leading international law firm Clifford Chance announced today that insurance transactional and regulatory partner Francis R. Monaco has joined the firm's US Insurance practice.

Monaco brings more than 26 years of experience helping insurance and reinsurance companies and other financial institutions across the spectrum of transactional and regulatory matters, including life and non-life mergers and acquisitions, and reinsurance and structured finance transactions.

Monaco's appointment marks a period of rapid growth for the US insurance team. Dennis Manfredi joined the firm in September as partner and co-head of the practice with Joseph Cosentino. Insurance regulatory counsel Eugene Benger and several experienced insurance associates also joined in 2022 as the firm deepened its offering in the sector, complementing its market-leading global capabilities.

"The US is the world's largest insurance market and as a preeminent global practice we are committed to providing a high-quality offering to both insurance sector and financial investor clients in the US. Frank's arrival further boosts our recent expansion in the US Insurance space and reflects a commitment to provide a top-tier service on insurance transactional work. We're delighted to welcome Frank to the team," says Clifford Chance Global Head of Insurance Ashley Prebble.

Manfredi adds, "Clifford Chance is one of only three law firms with a Chambers Band 1-ranked Global Insurance Practice. Frank's broad transactional capabilities and extensive regulatory knowledge and his deep experience in the industry advances our already robust practice to another level of sophistication. As the market faces rapidly changing dynamics and ever-increasing scrutiny, we continue to expand our capabilities to help our clients with the unprecedented challenges they're facing."

Monaco, who joins from Mayer Brown, comments, "I was drawn to Clifford Chance's top-tier global insurance platform and the opportunity to work with Dennis, Ashley, Joe and the wider corporate insurance team. I've worked across the table from Dennis for many years and have always admired his skills and approach. The opportunity to work with this global team was too good to pass up. I believe my clients will greatly benefit from the Clifford Chance platform."