Alexander E. Koster

ALEXANDER KOSTER’s practice focuses on capital markets transactions, mergers and acquisitions, reinsurance, and corporate governance issues in connection with the insurance and financial services industry.

Alexander received his J.D., cum laude, from New York University School of Law, where he served as Managing Editor of the NYU Journal of Intellectual Property & Entertainment Law. While in law school, he also interned in the legal department of a large mutual life insurance company, where he focused on insurance regulatory issues. Alexander received his B.A., summa cum laude, from Bates College.

Recent examples of Alexander’s experience include representation of:

M&A and Reinsurance

• Brookfield Wealth Solutions Ltd., a leading provider of retirement services, wealth protection products and tailored capital solutions, in its reinsurance agreement with leading Japanese insurance company Dai-ichi Frontier Life.
• Fortitude Re in the reinsurance of US$3.4 billion of long-term care reserves and approximately US$120 million of individual disability insurance business from Unum.
• The Cigna Group on insurance regulatory matters in the sale of its Medicare businesses and CareAllies to HCSC for a total transaction value of approximately US$3.7 billion.
• National Western Life in its US$1.9 billion acquisition by an affiliate of Prosperity Life.
• Global Atlantic in the reinsurance of a US$19.2 billion block of MetLife’s U.S. retail annuity and life insurance business.
• Cornell Capital LLC in its acquisition of Longevity Holdings, a specialty TPA and service provider to various end markets, from an investor group led by Stone Point Capital.
• Walgreens Boots Alliance in its acquisition of a majority stake in CareCentrix.
• An investor consortium led by Cornell Capital LLC, Atlas Merchant Capital LLC, TRB Advisors LP, Global Atlantic Financial Group, Pine Brook, J. Safra Group, Hudson Structured Capital Management, and The Hartford in the sale of Talcott Resolution to Sixth Street.
• Venerable in its acquisition of Corporate Solutions Life Re from Equitable Holdings, and the reinsurance of approximately US$26 billion of reserves from Equitable Financial Life Insurance Company.

Corporate Finance and Capital Markets

• Mutual of Omaha in the issuance of US$300 million aggregate principal amount of surplus notes.
• Swiss Re as sponsor in connection with multiple catastrophe bond offerings.
• Jackson Financial in the issuance of US$1.6 billion aggregate principal amount of senior notes.