Clifford Chance

Representative engagements include:

• Blackstone as the largest shareholder of FGL Holdings (NYSE: FG) in the sale of FG to Fidelity National Financial (NYSE: FNF) for $2.7 billion.
• Blackstone-managed entities in the $2.8 billion acquisition of Allstate Life Insurance Company from The Allstate Corporation (NYSE: ALL).
• Constellation Insurance Holdings, Inc., backed by institutional investors Caisse de dépôt et placement du Québec and Ontario Teachers’ Pension Plan Board, in its acquisition of and $500 million capital contribution to, Ohio National Financial Services, Inc., as part of Ohio National’s demutualization process.
• Covéa, a leading French mutual insurer, in its acquisition of global reinsurer PartnerRe from EXOR, the Agnelli family-owned investment and holding company, for total cash consideration of $9.3 billion (€8.6bn).
• Fortitude Re in its acquisition of a $31 billion block of legacy variable annuities from Prudential Financial, Inc. (NYSE: PRU), including the sale of Prudential Annuities Life Assurance Corporation, for an all-cash purchase price of $1.5 billion.
• Global Atlantic Group in connection with an $8.0 billion annuity reinsurance transaction between two of its insurance subsidiaries and Ameriprise Financial insurance subsidiaries.
• Hamilton Insurance Group, Ltd. on the company’s acquisition of Pembroke Managing Agency Limited and Ironshore Europe DAC from Liberty Mutual Holding Company, Inc.
• Massachusetts Mutual Life Insurance Company in its $3.5 billion acquisition of Great American Life Insurance Company, a wholly owned subsidiary of American Financial Group, Inc. (NYSE: AFG).
• MetLife, Inc. (NYSE: MET) in the $3.94 billion sale of its auto and home business, Metropolitan Property and Casualty Insurance Company and certain wholly owned subsidiaries, to Zurich Insurance Group subsidiary Farmers Group, Inc.
• New York Life Insurance Company, the largest mutual life insurance company in the United States, in its acquisition of Cigna Corporation’s (NYSE: CI) group life and disability insurance business for $6.3 billion.
• Prudential Financial, Inc. (NYSE: PRU) in the sale of its full-service retirement plan recordkeeping and administration business to Empower Retirement for a total transaction value of $3.55 billion.
• Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) in its $2.475 billion acquisition of DentaQuest, the largest provider of Medicaid dental benefits in the U.S. with growing Medicare Advantage, commercial and U.S. Affordable Care Act exchange businesses.
• Advised Admiral Group plc on the sale of Compare.com Insurance Agency, LLC to Insurify, Inc.