Financial Institutions M&A: Experience

Financial Institutions M&A

  • AIG/Corebridge on the sale of its Irish health insurance MGA, Laya Healthcare, to AXA for €650m.
  • Bank of Ireland on its acquisition of the Davy wealth management and capital markets services platform.
  • Liberty Mutual on the Irish aspects of the sale of its west European markets general insurance business to Generali for €2.3bn.
  • NatWest on its sale of Ulster Bank Ireland’s commercial lending business to AIB valued at €4.2bn.
  • Zurich Insurance on the sale of Wrightway Underwriting to Arthur J Gallagher.
  • Numerous Irish lenders including AIB, Bank of Ireland, IBRC, Rabobank, NAMA and Ulster Bank on multiple loan portfolio sale transactions.
  • Arthur J. Gallagher on its entry into the Irish market via the acquisition of Innovu insurance and its further acquisition of First Ireland Risk Management.
  • AIB on its acquisition of Goodbody Stockbrokers.
  • Livingbridge on its acquisition of Chill Insurance.
  • Ardonagh Group and Madison Dearborn on the acquisition of Arachas Insurance Brokers.
  • The Aegon Group on the sale of its Irish life insurance business, Aegon Ireland plc, to Athora.
  • Amundi on the Irish aspects of its €3.6bn acquisition of Pioneer Investments from UniCredit.
  • Achmea on the sale of Friends First Life Insurance to Aviva.
  • The Aviva Group on the sale of its Irish health insurance business, Aviva Health, to Irish Life.

Financial Institutions re-organisations and migrations

  • Zurich Insurance plc on its ground-breaking cross-border conversion into a German stock corporation under the Mobility Directive. This was the first ever outbound cross-border conversion of an Irish company and the first ever cross-border conversion. of a regulated insurance company anywhere in Europe.
  • UBS on post-acquisition cross border-mergers of Credit Suisse entities into UBS.
  • Allianz Partners SAS on the cross-border merger of its Irish subsidiary, AWP Assistance Ireland Limited, into its German subsidiary, AP Solutions GmbH.
  • Capstone Financial Services Limited, an Irish registered insurance intermediary, on a cross-border merger into its parent company Forsakringsaktiebolaget Agria (Publ), a Swedish authorised and regulated insurance undertaking.
  • AXA/XL on cross-border mergers of AXA Art Versicherung AG (Germany) and AXA Corporate Solutions Assurance (France) into XL Insurance Company SE (Ireland).
  • A cross-border merger of Anima Asset Management (Ireland) into Anima Asset Management (Italy).
  • Liberty Insurance Ireland in relation to the migration of its Irish authorised general insurance business, by way of cross-border merger and portfolio transfer, to Liberty Seguros Spain.
  • Citibank on the cross-border merger of Citibank International and Citibank Europe.
  • Chartis / AIG Group on the groundbreaking transfer by scheme of arrangement of the Bermuda branch business of Chartis Excess to another Chartis insurer established in Bermuda.
  • Bank of Ireland in connection with the intra-group merger of two of its banking entities in relation to their respective insurance distribution arrangements.
  • Court-approved domestic amalgamations by way of Scheme of Arrangement (a process we pioneered) for Golden Arches and Ace.