April 9, 2015

Willkie represents Pan-American in deal that will merge the two entities’ mutual insurance holding companies. 

Pan-American Life Insurance Group and Mutual Trust Financial Group announced a definitive merger agreement to combine Pan-American Life Mutual Holding Company (Pan-American Life) and Mutual Trust Holding Company (Mutual Trust), both mutual insurance holding companies. The merger seeks to strengthen the combined company’s position as a premier life, accident and health insurance provider in the Americas. Upon closing, the combined company will continue to operate as a mutual insurance holding company with approximately $1 billion in total capital, $1 billion in revenues, $5.5 billion in total assets, 1.5 million covered lives and 1,650 employees.

The Willkie team was led by John Schwolsky and Rajab Abbassi, and included Benjamin Nixon, Laura Acker and Michal Flombaum. Tax advice was provided by Christopher Peters and Kapiljeet Dargan, and  Mark Holdsworth, Jordan Messinger and Isabel Araujo advised on benefits.