Michael P. Goldman

For over 35 years, he has represented insurance organizations and related segments of the financial services industry in complex transactional, operational/governance and regulatory matters including, for example, representation of: 

• One of the world’s largest alternative investment managers in the structuring and formation of a group captive for its various U.S. real estate investment partnerships and ownership vehicles.
• Blue Cross Blue Shield of Michigan in its pending affiliation with Blue Cross and Blue Shield of Vermont, and with respect to the structuring and implementation of its Advantasure and Covantage Health Partners platforms for effecting its overall Medicare Advantage joint venture strategy.
• Several leading health insurance providers in the structuring and funding of a pharmacy solutions joint venture.
• Kemper Corporation in its strategic M&A transactions, including the acquisitions of Infinity Property and Casualty for US$1.6 billion and American Access for US$370 million, as well as a wide range of insurance regulatory and investment matters, such as its multi-state response to unclaimed property audits and related examinations affecting its life insurance operations and the restructuring of its real estate holdings.
• One of the world’s largest insurance companies on insurance regulatory and operational advice regarding U.S. state guidance relating to the COVID-19 pandemic.
• Various insurtech startups, including Ventus Risk Management, a provider of AI-based coastal commercial property insurance solutions (in its formation and eventual sale to Arch Capital) and Pact Insurance, a shared-vehicle underwriting platform, as well as the venture investing arm of an international reinsurer.
• American International Group (AIG) in connection with the formulation of its legacy business strategy, the structuring and implementation of Fortitude Re, the US$476 million strategic minority investment by The Carlyle Group in Fortitude Re, and Fortitude Re in its subsequent US$2.2 billion sale by AIG to The Carlyle Group and T&D Holdings. Mike also assisted AIG with various aspects of the financial crisis of 2008, including the structuring and closing of the sale of its personal lines operations to Zurich/Farmers Insurance Group.
• Transatlantic Reinsurance Company in connection with the U.S. and global insurance regulatory and related aspects of its originally proposed merger transaction with Allied World Assurance, the unsolicited offer from Validus Holdings and its eventual merger agreement with Alleghany Corp. Mike also represented TransRe in the structuring and of its current UK and EU operations and its ground-breaking lead-follow arrangement with GenRe. 
• J.P. Morgan, Credit Suisse and other financial institutions in connection with the structuring and closing of various financing facilities for major life insurance companies, with respect to Regulations XXX/AXXX, and other mortality/longevity-based transactions.
• Various mutual/non-stock insurance organizations with respect to specialized corporate governance and transformational transactions, including Blue Cross/Blue Shield of Michigan’s conversion to a not-for-profit mutual.
  
   

• Member and past Chair of the Insurance Companies Committee and Regulatory Liaison Subcommittee of the Illinois CPA Society.
• Chicago Bar Association, Insurance and Corporate Law Committees.
• American Bar Association, Tort and Insurance Practice and Business Law Sections; committee on insurance company investments, former vice-chair; subcommittee on subsidiary and affiliate investments, former chair.
• Lurie Children’s Medical Center (Chicago), Board of Directors and Executive, Audit & Compliance, Nominating & Governance, and Compensation Committees.