2024 M&A Year in Review - Flipbook - Page 32
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We advised AXA Life Europe, a subsidiary of
global insurer AXA, on its reinsurance of
approximately €3 billion of variable annuities
to New Reinsurance Company, a subsidiary of
global reinsurer Munich Re.
The deal reflects the trend toward increased use of
alternative structures such as reinsurance to help
market participants achieve their strategic M&A
objectives.
Lawyers in our London office led the transaction,
with support from our Paris office and our capital
markets and strategic operations, agreements, and
regulation practices.
We are advising Enstar, a global insurance group, in
relation to a US $5.1 billion merger agreement under
which Sixth Street, a global investment firm, and
certain other investors will acquire Enstar.
Upon completion of the transaction, Enstar, currently
listed on Nasdaq, will become a privately-held company.
Lawyers in our London and Philadelphia offices
are leading the transaction, with support from our
Brussels, Dublin, Hong Kong, Luxembourg, and
Washington, D.C. offices and our antitrust, capital
markets, employee benefits, international trade,
private equity, and strategic operations, agreements,
and regulation practices.
