Visión general
Our experience extends to virtually every type of insurance product including life, annuity, variable products, financial guaranty, mortgage insurance, property and casualty. Select engagements by Mayer Brown partners include:
- Currently advising two major banks in connection with XXX structured letter of credit transactions.
- Advised in the structuring and drafting of various reinsurance, letter of credit and other agreements in connection with other XXX and AXXX transactions.
- Worked on the development and structuring and state regulatory approval of life, annuity and GIC separate account products.
- Advised real estate fund sponsors and investors on using an insurance company separate account structure to achieve certain tax efficiencies.
- Structured, negotiated and drafted a large Modco agreement and related contracts for the reinsurer in connection with a life insurer’s acquisition of a life and variable annuity business.
- Advised banking organizations on the regulatory, tax and insurance aspects of purchases of bank-owned life insurance ("BOLI"); represented banking organizations in purchases of general account and separate account BOLI, with and without stable value protection; and represented a private equity manager in the creation of a private fund that would be eligible for purchase by commercial banks as part of a separate account BOLI product.
- Routinely advise insurers, reinsurers and investors on terms and structure of complex reinsurance transactions including life (Co, Modco), annuity, property catastrophe, casualty, mortgage guarantee, and other property & casualty lines of business.
- Represented United Health Group in the sale, via a 100% reinsurance transaction, of the $1.8 billion life insurance and annuity business of Golden Rule Insurance Company.
- Advise banks and derivative counterparties in variable annuity "transformer" transactions in which variable annuity risk is transformed and re-packaged in equity derivative form.
- Advised a life reinsurer in review and drafting of various types of transactions.
- Performed substantial legal work for insurers and reinsurers on variable annuity, life, property, surety, mortgage insurance and several other types of reinsurance and retrocessional agreements transactions.
- Advised an offshore reinsurer in review of various types of transactions.
- Advised a major European reinsurer on review of various types of transactions.
- Acted as the lead structurer and inventor (patent pending) of an innovative event-linked reinsurance credit protection product, providing coverage against credit risk to the Florida Hurricane Catastrophe Fund for several primary insurers.
- Advised a Bermuda reinsurer on a series of innovative collateralized reinsurance transactions and property-swap transactions involving property-catastrophe reinsurance risks, including a series of industry loss warranty protections.
- Assisted an unauthorized reinsurer in developing a new asset category through a securitization technique for use in meeting credit for reinsurance laws, including insurance investment law advice.
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