Andrew Tromans

Willkie represented The Fidelis Partnership and Fidelis Insurance Group in connection with the launch of Lloyd’s Syndicate 3123. On March 28, The Fidelis Partnership announced that Lloyd’s of London has granted “in principle” approval for the launch of Syndicate 3123, sponsored by The Fidelis Partnership in collaboration with Fidelis Insurance Holdings Limited (NYSE:FIHL), a global specialty insurer, and Hampden Agencies, a provider of private capital to Lloyd’s. Subject to final approval, the launch of Syndicate 3123 reflects The Fidelis Partnership’s continued alignment and strong collaborative relationship with the Fidelis Insurance Group. Syndicate 3123 will underwrite across multiple insurance and reinsurance classes including contract frustration and political risk, credit, property catastrophe, political violence, marine and aviation. The Fidelis Partnership is a privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products. Fidelis Insurance Group is a global specialty insurer, leveraging strategic partnerships to offer innovative and tailored insurance solutions. The Willkie team was led by partners Joseph Ferraro and Andrew Tromans and associate Rebecca Hughes.

Mar 28

1 min

Miller Thomson LLP, Stikeman Elliott LLP, and Torys LLP advised a take-private deal for European Residential Real Estate Investment Trust in a $441 million acquisition by another REIT, following a multiyear wind-down. Canadian Apartment Properties Real Estate Investment Trust will acquire the REIT known as ERES and delist the company from the Toronto Stock Exchange, according to a Monday news release. Toronto-based ERES said it is Canada's only REIT focused on European multifamily properties, holding a portfolio of properties in the Netherlands. As of the end of 2025, ERES held about 1,000 residential units worth a combined $360 million, with about $102 million worth of assets held for sale. CAPREIT is Canada's largest publicly traded rental housing owner, with a combined 45,500 apartments and townhomes across Canada and the Netherlands worth $14.7 billion. The CAPREIT acquisition marks the completion of a strategic review process by ERES. "This transaction marks a natural and constructive ending to ERES, after several successful years of diligent, well-executed downsizing," said Stephen Co, chief financial officer of CAPREIT. "By taking ERES private, CAPREIT can determine the future of the remaining assets in alignment with its long-term objectives, while providing public ERES unitholders with a timely and certain all-cash exit." According to a news release, the acquisition price represents a 32% premium of ERES' closing price on Nov. 6, 2024, before a special ERES meeting to authorize a sale of the REIT. If approved at an upcoming meeting in April, the transaction would close in the second quarter of this year. CAPREIT is advised by John Emanoilidis, David Forrester, Max Ledger, Jason Lamb, Jodie Wang, Michael Zackheim, Simon Knowling, Reea Galeano, Jennifer Lennon, Parker Baglole, Omar Wakil, Andrew Gray, Nina Mansoori, Ben Pan, Corrado Cardarelli, and Andrew Wong of Torys LLP. ERES is advised by Stikeman Elliott LLP. An ERES special committee is advised by Miller Thomson LLP.

Mar 3

1 min

Willkie advised Convex Group Limited ("Convex Group"), a global specialty insurance and reinsurance group, in connection with its inaugural Tier 2 regulatory capital bond offering in the London Regulation S market. The offering consisted of $600 million in aggregate principal amount of 6.500% Fixed Rate Reset Callable Subordinated Notes due 2046 (the "Notes"), which were issued on January 21, 2026. The Notes were structured to receive Tier 2 solvency capital treatment under the Bermuda Monetary Authority’s Group Supervision and Eligible Capital Rules. The Notes are listed on the International Securities Market of the London Stock Exchange and were offered to institutional investors outside the United States in reliance on Regulation S under the Securities Act of 1933. Convex Group intends to use the majority of the net proceeds from this offering to support its long-term capital structure and strategic independence, as well as to finance a share repurchase in connection with recent equity investments by Onex Corporation and American Insurance Group (AIG). The Willkie team was led by partner Jennifer Tait and included associate Snaebjorn Olafsson and trainee solicitor Ellen Gribben in London. Partner Isaac Silverstein and counsel Catherine Harrington in New York provided U.S. tax advice. Partner Jane Scobie and associate Ashley Jamali in London provided U.K. tax advice. Partners Allison Tam and Andrew Tromans in New York and London and associate Melisa Khajaei in New York provided insurance regulatory advice and associates Rowan Khanna and Kari Prochaska in London supported on financial regulatory and data protection matters, respectively.

Jan 26

1 min

SquareTrade is a provider of consumer electronics and appliance protection plans. On November 28, Willkie client The Allstate Corporation (NYSE: ALL) announced that it has entered into an agreement to acquire SquareTrade Holding Company, Inc., a provider of consumer electronics and appliance protection plans, for $1.43 billion, using a combination of cash and debt. The proposed transaction provides Allstate with added diversification and expands its customer relationships with 25 million protection plans for consumer electronics and connected devices. It is expected to be completed during the first quarter of 2017. Allstate is the nation’s largest publicly-held personal lines insurer, protecting approximately 16 million households through auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand names. Allstate is headquartered in Northbrook, Illinois. SquareTrade is a highly-rated protection plan provider insuring mobile devices, laptops and tablets, and other consumer electronics and appliances against malfunctions and accidental damage. SquareTrade is headquartered in San Francisco and London. The deal team was led by partners John Schwolsky and Laura Delanoy and included partners Jordan Messinger, Christopher Peters, Eugene Chang and Daniel Alvarez; UK partner Andrew Tromans; senior counsel Donald Henderson; counsel Jeffrey Clancy and Jonathan Konoff; associates Katherine Lynch, Howard Block, Ginger Ellison, Danielle Thomasma, Geri Ann McEvoy, Robert Larimore, Amir Ghavi, Dunia Rkein, Naomi Parnes, Lucy Pugh and Natalie Whitaker; and law clerks Karolina Majewski, Adam Szklanny, Ruthanne Minoru and Preeta Reddy.

Dec 8

1 min

Willkie advised Novacap, a leading North American private equity firm, on its close of Novacap Tech Fund VII, with nearly $3.8 billion in capital commitments, including affiliated vehicles. On February 25, Novacap announced the final close of Novacap Tech Fund VII Fund with nearly $3.8 billion in capital commitments. The fund was raised in under a year, quickly exceeding its target of $2.75 billion, highlighting Novacap’s longstanding focus on disciplined, value-added technology buyouts. With the close of Tech VII – the latest fund in Novacap’s Technologies strategy, Novacap now manages more than $12 billion in assets. In 2025, Willkie advised Novacap on a number of high profile M&A transactions, including its $1.9 billion take-private of Integral Ad Science. The Willkie team was led by partners Larissa Marcellino, Giovanni Smedley and Walter Turturro and included partners Caitlin Link, Henrietta de Salis, Alexander Ryan and Sarah Kessler.

Feb 27

1 min