MICHAEL ROSENFIELD is partner in Sidley’s Los Angeles office and coordinates the firm’s global Insurance and Financial Services practice group in California. His practice focuses on insurance regulatory and corporate matters for insurers, insurance intermediaries and institutional investors. Michael routinely advises on mergers and acquisitions involving regulated insurance entities, insurance holding company system compliance matters, organization and licensing of insurance entities, non-admitted insurance issues, financial and market conduct examinations and reinsurance transactions, among other corporate transactions and insurance regulatory matters. He also represents non-insurance clients, such as banks, private equity firms, mutual fund managers, retailers, mortgage lenders, benefit administrators and professional employer organizations, with respect to insurance company and producer relationships and transactions.
Michael’s experience includes the representation of:
- American National Insurance with respect to insurance regulatory matters in its US$5.1 billion acquisition by Brookfield Asset Management Reinsurance Partners (pending).
- Farmers Insurance Exchanges jointly with Farmers Group, Inc. in the US$3.94 billion acquisition of MetLife’s property and casualty business, MetLife Auto & Home.
- Health Net Inc. on insurance regulatory matters in its US$6.8 billion acquisition by Centene Corporation.
- Kuvare Holdings’ subsidiary Guaranty Income Life Insurance Company on insurance regulatory matters in its acquisition of Lincoln Benefit Life Company, making Kuvare an insurance conglomerate with assets exceeding US$13 billion.
- ProAssurance Corporation on insurance regulatory matters in its US$450 million (plus contingent consideration of up to US$150 million) acquisition of NORCAL Insurance Company.
- Kemper Corporation on insurance regulatory matters in its US$1.6 billion acquisition of Infinity Property and Casualty Corporation.
- Numerous insurers in connection with their sale of more than US$2.5 billion in California wildfire subrogation claims.
- Heritage Life Insurance Company on insurance regulatory matters in its acquisition of U.S. Financial Life Insurance Company and MONY Life Insurance Company of the Americas from AXA.
- Reinsurance Group of America, Incorporated on insurance regulatory matters in its acquisition of Aurora National Life Assurance Company.
- Porch Group in its acquisition of CSE Insurance Group, a personal lines insurer focused on property and auto insurance (pending).
- Auto-Owners Insurance Company on insurance regulatory matters in its acquisition of California Insurance Group and its subsidiaries, California Capital Insurance Company, Eagle West Insurance Company and Monterey Insurance Company.
- Markel Corporation on insurance regulatory matters in its acquisition of SureTec Financial Corp.
- FFL Partners on insurance regulatory matters in its acquisition of ProService Hawaii Business Development Corp.
- Heritage Life Insurance Company on insurance regulatory matters in its acquisition of Professional Life & Casualty Company.
- PLAZ Holdings, LLC on insurance regulatory matters in its acquisition of Puritan Life Insurance Company and Puritan Life Insurance Company of America.