Representative Experience

• Represented Resolution Life in a strategic transaction with Farmers New World Life Insurance Company involving the cession of Farmers New World Life’s in-force individual life business to Resolution Life subsidiary Security Life of Denver, a flow reinsurance treaty covering the current range of individual life products, and retrocession to Swiss Re of all reinsured term life liabilities.*
• Represented RGA in an embedded value-linked offering by its subsidiary Chesterfield Re of $500m in surplus notes.*
• Represented Kuvare Holdings in the acquisition of a block of in-force annuities issued by a large, highly rated multinational carrier from its Hong Kong platform, and two forward-flow reinsurance arrangements, each with a separate highly rated Japanese life insurer.*
• Represented Kuvare Holdings in the launch of Kindley Re, a $400m life and annuity reinsurance sidecar formed in partnership with Davidson Kempner Capital Management and Kuvare and its affiliates.*
• Represented Prudential Financial, Inc. in the sale of a $31bn portion of its in-force legacy variable annuity block for $2.2bn to Fortitude Re.*
• Represented Global Atlantic in the reinsurance from Unum Group of a closed block of individual disability income businesses backed by $8.5bn in assets.*
• Represented Athene Holding and Apollo Global Management in the formation and capitalization of Athene Co-Invest Reinsurance Affiliate 1A, Ltd. (ACRA), a long-duration, on-demand capital vehicle funded by Athene and certain investment funds managed by Apollo.*
• Represented Western & Southern Financial Group in multiple offerings of surplus notes totaling $1bn.*
• Represented Venerable in its acquisition of Corporate Solutions Life Re from Equitable Holdings, and the reinsurance of approximately $26bn of reserves from Equitable Financial Life Insurance Company.*
• Represented The Hartford in the sale of its life insurance and annuity businesses for $2.05bn to an investor group that included Global Atlantic, Cornell Capital, TRB Advisors, Pine Brook, and J. Safra Group.*
• Represented Kuvare Holdings in the acquisition, through its subsidiary Guaranty Income Life Insurance Company, of Lincoln Benefit Life Company, making Kuvare an insurance conglomerate with assets exceeding $13bn.*
• Represented Argo Group in the offering of $150m in preferred shares.*
• Represented the controlling noteholder in the restructuring of Ballantyne Re plc, implemented by a noteholder scheme of arrangement in Ireland.*
• Represented RGA in its acquisition of a block of individual payout annuities from John Hancock representing reserves of approximately $3bn.*
• Represented Aquiline Capital in the acquisition of Armour Group and related $500m equity financing.*
• Represented Hartford Financial Services in the sale of its retirement plans business to MassMutual.*
• Represented Athene in its $1.55bn acquisition of Aviva plc’s U.S. life insurance business.*
• Represented multiple risk takers, including JPMorgan, Credit Suisse, Nomura, BNP Paribas, Assured Guaranty, RGA, and Swiss Re, in more than $15bn of reserve financing transactions for insurers.*
• Represented RGA and Chesterfield Financial Holdings LLC in the offering of $300m in embedded value-linked notes.*
• Represented MassMutual in multiple offerings of surplus notes of more than $1.5bn.*
• Represented Athene in its formation and arrangements for $400m committed private equity investment.*
• Represented stable value funds, collective trust funds, investment managers, and wrap providers in connection with the negotiation and administration of stable value wrap contracts.*

*Matters handled prior to joining Foley.