Michael R. Halsband has more than 25 years of leadership experience in the insurance and reinsurance industry, including in investment banking and capital markets. He is the global leader of the Firm’s Insurance Transactions and Regulation Group.
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.
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*
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)*
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