Greg May advises Swiss Re on its sale of Conning
Posted By Chris Bale on June 17, 2009
[private]International law firm Freshfields Bruckhaus Deringer is advising Swiss Reinsurance Company Ltd. (“Swiss Re”), one of the world’s leading and most diversified reinsurers, in the sale of Conning & Company (“Conning”), a leading global provider of expert solutions and services to the insurance market. Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in the financial services sector, is the acquirer.
The sale, under undisclosed terms, will include Conning’s US and European businesses. Conning has approximately US$70 billion of general account assets under management and US$100 billion of total assets under contract and is currently the largest independent insurance asset manager and the third largest insurance general account manager globally.
The Freshfields team was led by corporate partner Julian Pritchard (New York), and included corporate associates Damien Moynagh, Nicholas McVeigh, Richard Burrows and Tony Salerno (all New York). Tax advice was provided by tax partner, Greg May (New York), and associates Angela Sellman (New York) and Susie Brain (London).[/private]
Comments
Leave a Reply
You must be logged in to post a comment.