MICHAEL PINSEL is co-leader of Sidley’s global Insurance practice, and heads the firm’s property and casualty alternative risk transfer practice.
His practice is concentrated primarily in the corporate and regulatory representation of insurance companies, investors and financial advisers with a focus on alternative risk transfer transactions, including insurance securitization and derivatives transactions (catastrophe bonds, sidecars, industry loss warranties); the organization and operation of insurance-linked securities funds; complex reinsurance arrangements; acquisitions, divestitures and corporate reorganizations; the formation, capitalization and corporate financing of insurance companies and related ventures; the regulation of insurance holding company systems; the regulation of insurance company investment practices, including the use of derivative instruments; and the development and funding of insurtech businesses.
Michael’s practice also involves the representation of investment banks, hedge funds, private equity funds, investment advisers, derivative dealers and other sectors of the financial services industry, with respect to their insurance industry relationships and transactions.
From February 1999 until March 2001, Michael served as Senior Vice President and General Counsel of a property/casualty insurance organization operating in both the excess and surplus lines commercial market and the personal lines market. He previously had been a partner in the insurance practice of another law firm.
Michael is recognized by Chambers USA (2008–2024) for Illinois Insurance: Transactional & Regulatory. Clients say “Michael is world class,” and he “is the go-to lawyer for re/insurance and alternative risk transfer corporate transactional advice” (2024). Clients also commend his “deep subject matter knowledge” and “valuable guidance on commercial aspects of transactions” (2023). He has also been recognized by Best Lawyers and was named among BTI Consulting Group’s “M&A Client Service All-Stars” in 2021. In 2023, the firm’s alternative risk transfer practice, in which Michael leads the property and casualty team, was named “Reinsurance Facilitator of the Year” at the Trading Risk Awards for the second consecutive year, and in 2024 the team won Insurance Insider’s “Cyber ILS Award.” He is a frequent speaker on insurance topics, including alternative risk transfer.