Kirk D. Lipsey

Kirk’s insurance industry representations have included:

• The Prudential Insurance Company of America in the sale of its 70% interest in the Malaysian life insurer Gibraltar BSN Life Bhd to FWD Group Holdings Ltd. and other investors.
• Prudential Financial, Inc. in the sale of a US$31 billion portion of its in-force legacy variable annuity block for US$2.2 billion to Fortitude Re, Bermuda’s largest multi-line reinsurer;
• MetLife in its acquisition of Versant Health from an investor group led by Centerbridge Partners for approximately US$1.7 billion;
• The Archipelago Group, a Malaysia-based insurance group, in its acquisition of Front Street Re (Cayman) Ltd., a Cayman Islands reinsurer, from FGL US Holdings Inc.;
• GoldenTree Asset Management in connection with the acquisition by Star Insurance Holdings, an entity formed by GoldenTree, of Syncora Guarantee Inc., a financial guarantee insurer, for US$429 million;
• The Navigators Group in its US$2.1 billion sale to The Hartford;
• PGIM, the investment management arm of Prudential Financial, Inc., in its acquisition of Wadhwani Asset Management, a London-based quantitative macro-focused investment management firm;
• The Prudential Insurance Company of America in its acquisition of Malaysian life insurer Uni.Asia Life Assurance Berhad through a newly formed joint venture with Bank Simpanan Nasional, a Malaysian banking institution;
• Allstate in its US$1 billion acquisition of the Esurance and Answer Financial businesses of White Mountains Insurance Group;
• Allstate in the US$635 million disposition of Allstate Life’s variable annuity business to Prudential Financial, Inc.;
• AXA in the US$1.8 billion sale of Winterthur’s U.S. property and casualty insurance operations to QBE;
• The Delek Group (an Israeli conglomerate) in its US$290 million acquisition of the Republic Companies Group, a publicly traded personal and commercial lines holding company;
• Old Mutual in the sale of its U.S. life insurance and annuity operations for US$350 million to affiliates of Harbinger Capital Partners;
• Prudential Financial, Inc. in the sale of Prudential’s property/casualty operations in combined transactions valued at approximately US$673 million; 
• Prudential Financial, Inc. in the combination of the retail brokerage businesses of Prudential and Wachovia;
• Sun Life Financial in the sale of its Sun Life Retirement Services subsidiary to The Hartford;
• Unified Grocers in the sale to AmTrust of Springfield Insurance Company, Unified Grocers Insurance Services and their related insurance operations;
• A leading U.S. insurance group in connection with joint venture transactions involving the sale of insurance products in Latin America;
• A leading private equity firm and a multinational bank in connection with their proposed acquisition through reinsurance of the bank- and corporate-owned life insurance (BOLI/COLI) businesses of a leading U.S. insurer;
• A leading U.S. insurance group in connection with an emerging markets joint venture transaction involving the sale of personal lines insurance products; and
• A leading Japanese life insurer in connection with a proposed minority “rescue” investment in a U.S. life insurer.