Mayer Brown advises Core Specialty on acquisition of MGU/Stop-Loss business
A Mayer Brown team advised Core Specialty Insurance Holdings, Inc. (Core Specialty), and its subsidiaries, on the acquisition of the medical stop loss business of American National Group, which marks Core Specialty’s 13th specialty business unit.
The business is being acquired for cash through the acquisition of 100% of the stock of Standard Life and Accident Insurance Company and certain reinsurance transactions.
The team was led by Corporate & Securities partners David Alberts and Jared Wilner and included: Corporate & Securities associates Manny Stoichev, Alec Dussault, Juliana Toes, Hana Yampolsky and Don Irwin; Insurance Regulatory partner Sanjiv Tata (all NY); Cybersecurity & Data Privacy partner Arsen Kourinian (LA) and associate Josh Cohen (Chicago); Employment & Benefits partner Stephanie Vasconcellos, counsel Kim Leffert and associate Gina Del Tatto (NY); IP partner Rich Assmus and associate Ryan Babcock (both Chicago); and Tax partner Lucas Giardelli (NY) and senior counsel George Craven (Chicago).
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