New York, NY (October 6, 2021) --- Willkie Farr & Gallagher LLP today announced the addition of Prakash “PK” Paran, who has joined the Firm as a partner in the Insurance Transactional and Regulatory Practice. In addition, Gabriel Gershowitz has joined the Firm as counsel. Both are based in Willkie’s New York office.
“PK is a prominent addition to our leading global insurance practice, which is a core strength of the firm with exceptional full-service capabilities serving the insurance and reinsurance industry,” said Firm Chairman Thomas Cerabino. “PK and Gabe have significant experience in complex global insurance matters which further bolsters our transactional and regulatory platform across the U.S. and UK to serve our clients’ expanding needs.”
PK Paran is an insurance transactional lawyer experienced in leading cross-border teams in the representation of clients throughout the U.S., UK, Europe and Asia in high-value strategic corporate transactions across various regulated sectors. His core areas of focus include mergers and acquisitions, joint ventures, strategic partnerships and corporate reorganizations. Now in New York, PK was previously based in London for more than 20 years.
Gabe Gershowitz’s practice is focused on transactions involving insurance and insurance regulatory matters, including acquisitions and dispositions of insurance and reinsurance companies and intermediaries, structuring and negotiation of transactional liability insurance policies such as representations and warranties and tax policies, reinsurance arrangements, and insurance company restructurings and rehabilitations.
PK commented: “Willkie’s longstanding relationships with key U.S., European and UK insurers and brokers and its integrated approach to serving clients’ needs is an ideal fit and there are enormous synergies with Willkie’s private equity practice and client base. I look forward to working with the extremely talented and expanding team at Willkie to achieve continued success and growth for our clients.”
The arrival of PK and Gabe follows the April addition of partners Kara Baysinger, Stephanie Duchene, Matthew Gaul and David Heales to Willkie’s Insurance Transactional and Regulatory Practice in California and New York. Willkie is also actively looking to further expand its insurance transactional practice in the London market as it continues to grow its London office, which now has approximately 100 lawyers.
Willkie’s Insurance Transactional and Regulatory Practice is described as the “preeminent transactional practice” with “standout experience,” in Chambers USA (2021) and “commercially pragmatic” with “depth of knowledge and efficiency” in Chambers UK (2021). The group represents insurance companies, reinsurers, insurance intermediaries, insurtechs, investment banks, sponsors and other financial institutions in M&A, capital markets and regulatory matters in the United States, London, Europe, Asia and Bermuda. Our multidisciplinary team, ranked Band 1 by Chambers USA 2021, Legal 500 US 2021 and Legal 500 UK 2022, comprises over 35 partners and is among the largest in both the United States and in London.
Willkie Farr & Gallagher LLP is an international law firm of approximately 1,000 attorneys with offices in Brussels, Chicago, Frankfurt, Houston, London, Los Angeles, Milan, New York, Palo Alto, Paris, Rome, San Francisco and Washington. The Firm is headquartered in New York City at 787 Seventh Avenue.