His wide-ranging experience includes insurance broker and carrier M&A, new company formation, capital raises and new product development (principally for InsurTech startups); complex structured (re)insurance transactions; insurance-linked securities (ILS); distressed portfolio run-off administration and general corporate insurance regulatory matters.

His broad industry knowledge comes from his experience as an executive and investment banker spearheading key business initiatives at Sirius Group, Goldman Sachs, Deutsche Bank and Alea Group.

Over the course of his career, Michael has built an innovative transactional practice and is valued by clients as much for his guidance on legal issues as his pragmatic and effective business acumen.

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• Represented SiriusPoint, the international specialty insurer and reinsurer, in its investment in and partnership with Hestia Capital, a Texas-based specialty (re)insurance intermediary and alternative asset advisory start-up
• Represented Atlas General Holdings, LLC in the sale of its business to Risk Placement Services, Inc., a US-based subsidiary of Arthur J. Gallagher & Co.
• Represented DARAG Group, a leading international legacy insurance solutions provider, in the negotiation and consummation of a legacy run-off transaction with a major US retailer, to provide finality to the retailer’s legacy workers compensation liabilities
• Represented GeoVera Holdings, Inc. a provider of specialty residential property insurance products, in the sale of its renewal rights for its Hawaii residential hurricane policies to Palomar Specialty Insurance Company
• Represented W. Brown & Associates Insurance Services in the sale of its business to Endurance Assurance Corporation, a US-based subsidiary of Sompo International
• Represented Third Point Reinsurance Ltd. (NYSE: TPRE) in its formation of, and investment in, Arcadian Risk Capital Ltd., a Bermuda-based insurance underwriter led by well-known industry veteran John Boylan.
• Represented Equinox Management Group, Inc. in the sale of its stock to One80 Intermediaries, Inc.
• Represented Early, Cassidy & Schilling, LLC in its sale to AssuredPartners Inc.
• Advised Topa Equities Ltd. on the sale of Topa Insurance Group to Altamont Capital Partners (subject to customary closing conditions, including required regulatory approvals)*
• Advised Vanbridge, LLC, on its acquisition by EPIC Insurance Brokers & Consultants*
• Advised Vanbridge Holdings on its sale of Alan Gray, LLC, to Premia Holdings*
• Represented Rhino Labs, Inc., in its formation and Series Seed Preferred Stock initial capital raise of $1.5 million with a prominent venture capital firm*
• Represented Boost Insurance in its formation and various transactional and regulatory matters*
• Represented Coverys Group in its acquisition of Randall & Quilter Managing Agency Ltd. (RQMA), a fully authorized Lloyd’s managing agency based in London*
• Represented Nationwide Mutual Insurance Company in its renewal rights transaction with National General Holdings Corp. for its personal and commercial non-standard vehicle in-force policies*
• Represented a Northeast regional insurance broker in its acquisition of a Philadelphia-based insurance broker and consulting firm*
• Advised Foundation Risk Partners in connection with its acquisition of Corporate Synergies, LLC*

Capital Markets

• Served as underwriters counsel, to MMC Securities on the Surplus Note Offering of a mid-western mutual insurance company
• Served as underwriters counsel, Caelus Re V Limited, Series 2018-1 Principal at Risk Variable Rate Notes*
• Served as special counsel to cedant (California Earthquake Authority), Ursa Re Ltd., Series 2018-1*
• Served as underwriters counsel, Manatee Re II Ltd., Series 2018-1 Principal-at-Risk Variable Rate Notes*
• Served as underwriters counsel, Sanders Re Ltd., Series 2017-2 Class A Principal-at-Risk Variable Rate Notes*
• Served as special counsel to cedant (California Earthquake Authority), Ursa Re Ltd., Series 2017-2*
• Served as special counsel to cedant (Allianz Risk Transfer), Blue Halo Re Ltd., Series 2016-2*
• Served as special counsel to cedant (Allianz Risk Transfer), Blue Halo Re Ltd., Series 2016-1*
• Led close to 30 insurance risk linked securitizations (cat bonds, loans and sidecars) securitizing nearly $7 billion of catastrophe exposed insurance risk*
• Introduced some of the ILS sector’s more innovative structures, including earliest primary insurance sidecar (Concord Re), first health insurance medical loss ratio securitization (Vitality Re), earliest use of a PCS county weighted index in a 144A note (Ibis Re), first fully levered sidecar cat loan (Emerson Re), first cat risk securitization to provide cat protection for the benefit of CEA (Embarcadero I-III)*
• Led design and formation of reinsurer sponsored cat convergence ILS platform: Sirius Capital Markets (registered investment advisor), SCM High Yield Reinsurance Risk, Strategies Fund Ltd. (master-feeder hedge fund platform) and Alstead Re Ltd. (segregated cell transformer reinsurer)*
• Advised Swiss family office, PG3 AG, in its Series B investment in Nsure, Inc., a digital insurance producer that empowers people to buy home and auto insurance hassle free on their smartphones, tablets or computers in minutes

*Matter handled prior to joining McDermott.

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