Overview
Handling insurance and health plan transactions requires specialized expertise, combining an understanding of transactional practice with the many unique elements of the insurance business and its regulation. Whether a stock or asset sale, reorganization or statutory merger, no two transactions are alike – "once you've seen one, you've seen one."
Our attorneys frequently handle all manner of transactions for insurers, health plans, HMOs, PBMs, fraternal benefit societies, producers, third-party administrators, managing general agents, rate bureaus and related businesses. Through structuring, negotiating, documenting, closing and handling the regulatory approvals for dozens and dozens of deals, we have developed the experience and judgment to solve the most difficult transactional problems.
We have successfully handled holding company act filings, bulk reinsurance and material acquisition and disposition of assets filings, and HSR filings, among other acquisition related applications. Our work extends to interacting with state regulators in multiple states in order to secure timely approval of filings necessary to close transactions.
Experience
- Reorganized multiple health plans, HMOs and their insurer affiliates to maximize regulatory flexibility and capital efficiency.
- Formed and dissolved insurer joint ventures, recently focused on development of technology platforms.
- Handled stock acquisitions and divestitures, mutual insurer affiliations and mutual insurance holding company transactions.
- Negotiated, structured, drafted and handled regulatory approvals for multiple surplus note transactions.
- Structured, negotiated, documented and closed several fraternal benefit society mergers and asset transactions.
- Handled formation and licensing of third-party administrator.
Stinson's attorneys have also worked closely with regulators to enact legislative authorization for novel transaction structures.
