Early 2015 has seen key deals take place as the insurance sector consolidates, with Canada’s property and casualty insurer Fairfax Financial Holdings being the latest to gain a significant presence in London with its takeover of speciality insurer Brit for £1.2bn.
Within a year of being listed on the London Stock Exchange, FTSE 250 insurer Brit turned to a Slaughter and May team, including corporate heavyweight Jeff Twentyman and Richard Smith, while Paul, Weiss, Rifkind, Wharton & Garrison’s London-based capital markets and securities practice head Mark Bergman represented Brit on US law.
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