Elizabeth B. Bannigan

Elizabeth's representative matters include*: 

• Represented MetLife in its pending reinsurance of a $19.2 billion block of annuity and non-traditional life business to affiliates of Global Atlantic. 
• Represented Prudential Financial, Inc. on its agreement to reinsure a $10 billion block of variable annuities with an affiliate of Constellation Insurance Holdings, Inc.
• Represented Zurich Insurance Group in the sale of an annuity portfolio of approximately $2.6 billion in reserves held in Chile to Ohio National Seguros de Vida S.A.
• Represented Sixth Street in its agreement alongside Resolution Life to reinsure a $35 billion fixed index annuity portfolio of Allianz Life
• Represented Equitable Holdings, Inc. (NYSE: EQH) in its $12 billion agreement with Venerable Holdings to reinsure a legacy variable annuity block
• Represented AIG in its sale of a 76.6 percent interest in Fortitude RE to The Carlyle Group and Tokyo-based T&D Holdings for approximately $1.8 billion
• Represented Aegon in its deal to sell its two largest U.S. run-off businesses, pursuant to which Aegon's Transamerica life subsidiaries will reinsure $14 billion of liabilities to affiliates of Wilton Re US Holding Inc.
• Represented New York Life in its acquisition of 60% of John Hancock Financial’ s closed block established in connection with its demutualization, comprising 1.3 million policies encompassing more than $11 billion in liabilities
• Represented Genworth Financial in its sale of a block of term life insurance business to Protective Life Insurance Company
• Represented Allstate in its $1.735 billion sale of Lincoln Benefit Life to Resolution Life Holdings
• Represented ACE in its $365 million acquisition of The Fireman’s Fund personal lines business from Allianz
• Represented MetLife, Inc. in its $16 billion acquisition of American Life Insurance Company (ALICO) from AIG
• Represented Old Mutual Plc in its $350 million sale of Old Mutual Financial Life Insurance Company to Harbinger Group
• Represented Farmers Group, Inc. in connection with its acquisition of AIG’s Personal Auto Group, which includes 21st Century Insurance Co.
• Represented MBIA in its recent restructuring transaction
• Represented Aegon in its acquisition of the credit insurance business of AIG
• Represented MetLife, Inc. in its $11.8 billion acquisition of Travelers Life & Annuity
• Represented GE Capital in the spin-off of its life insurance operations
• Represented Great-West in the sale of its healthcare business to Cigna
• Represented insurance companies in private finance transactions designed to relieve the reserve strain caused by Regulation XXX and Regulation AXXX, including MetLife and Sun Life
• Represented clients in connection with the structure and regulation of catastrophe and morbidity bonds

 ^{* Elizabeth advised on some of these matters at her prior firm.}