John Grothaus

Sidley is advising Zinnia in its strategic acquisition of Policygenius, a digital insurance marketplace. The combined company will create the industry’s first end-to-end insurance platform, and will offer products and services spanning life and annuities, disability, and property and casualty insurance. Zinnia, an Eldridge business, is a life and annuity insurance technology and digital services company with more than US$173.7 billion in assets under administration. KKR, which was a lead investor in Policygenius, will remain an investor in the combined company. The Sidley team is led by Michael Devins and John Grothaus (both Insurance), and includes Scott Goldstein, Katerina Glor, Ramia Mitchell, Jim Ford (Insurance), Peter Edgerton, Ryan Schroeder (Tax), Banks Bruce, James Richards (Global Finance), Eric Wolf, Malaz Moustafa (Employee Benefits), Eric Hoffman, Sara Salmonson (Labor and Employment), Erin Felchner (Real Estate), Elizabeth Chen, Laura Collins (Antitrust/Competition), Stephen Fronk, Zach Johnston (Intellectual Property), Steve McInerney, and Rimsha Syeda (Privacy and Cybersecurity).~~Sidley is advising Zinnia in its strategic acquisition of Policygenius, a digital insurance marketplace. The combined company will create the industry’s first end-to-end insurance platform, and will offer products and services spanning life and annuities, disability, and property and casualty insurance. Zinnia, an Eldridge business, is a life and annuity insurance technology and digital services company with more than US$173.7 billion in assets under administration. KKR, which was a lead investor in Policygenius, will remain an investor in the combined company. The Sidley team is led by Michael Devins and John Grothaus (both Insurance), and includes Scott Goldstein, Katerina Glor, Ramia Mitchell, Jim Ford (Insurance), Peter Edgerton, Ryan Schroeder (Tax), Banks Bruce, James Richards (Global Finance), Eric Wolf, Malaz Moustafa (Employee Benefits), Eric Hoffman, Sara Salmonson (Labor and Employment), Erin Felchner (Real Estate), Elizabeth Chen, Laura Collins (Antitrust/Competition), Stephen Fronk, Zach Johnston (Intellectual Property), Steve McInerney, and Rimsha Syeda (Privacy and Cybersecurity).

Apr 25

1 min

Sidley is representing Global Atlantic, a subsidiary of KKR, in a US$19.2 billion reinsurance agreement with subsidiaries of publicly traded MetLife. The transaction will reinsure a seasoned and diversified block of MetLife’s U.S. retail annuity and life insurance business, comprised of US$5.2 billion of fixed annuities and US$14 billion of life insurance. The deal brings the total value of assets reinsured by Global Atlantic to more than US$110 billion since the company’s inception. This complex transaction includes a custom solution tailored to the unique financial and risk transfer needs of the parties, which Sidley helped structure, and represents the firm’s ability to guide insurance industry clients in their most high-profile transactions. The Sidley team is led by Jon Kelly (Insurance), and includes Chad Vance, Andrew Holland, Jennifer Norris, John Grothaus, Alexander Koster, Jacob Grossman, James Gilmartin, Rana Odeh, Cole Hunter, Jordyn Weiss (Insurance), Lee Christie, Nathan Enfield (Tax), Patricia Murphy, R.J. Carlson, Rachel Schatz, Kaitlyn Denny, Emily Hughes (Global Finance), Erin Felchner, Jessica Royel (Real Estate), Dan Spies, Allison Hocevar (Investment Funds), and Steve McInerney (Privacy and Cybersecurity).~~Sidley is representing Global Atlantic, a subsidiary of KKR, in a US$19.2 billion reinsurance agreement with subsidiaries of publicly traded MetLife. The transaction will reinsure a seasoned and diversified block of MetLife’s U.S. retail annuity and life insurance business, comprised of US$5.2 billion of fixed annuities and US$14 billion of life insurance. The deal brings the total value of assets reinsured by Global Atlantic to more than US$110 billion since the company’s inception. This complex transaction includes a custom solution tailored to the unique financial and risk transfer needs of the parties, which Sidley helped structure, and represents the firm’s ability to guide insurance industry clients in their most high-profile transactions. The Sidley team is led by Jon Kelly (Insurance), and includes Chad Vance, Andrew Holland, Jennifer Norris, John Grothaus, Alexander Koster, Jacob Grossman, James Gilmartin, Rana Odeh, Cole Hunter, Jordyn Weiss (Insurance), Lee Christie, Nathan Enfield (Tax), Patricia Murphy, R.J. Carlson, Rachel Schatz, Kaitlyn Denny, Emily Hughes (Global Finance), Erin Felchner, Jessica Royel (Real Estate), Dan Spies, Allison Hocevar (Investment Funds), and Steve McInerney (Privacy and Cybersecurity).

May 30

2 min

Sidley is representing Altamont Capital Partners and Hadron in the launch of Hadron, a groundbreaking hybrid insurer focused on managing general underwriters (MGUs). Hadron is backed by over US$250 million in capital support from Altamont and other institutional investors. According to Hadron, the company “intends to bring significant underwriting capacity to the growing program space,” by combining “best-in-class underwriting and portfolio management technology with reliable, long-term insurance capacity.” The Sidley team is led by Tony Ribaudo (Insurance), Ryan Scofield (M&A), and John Grothaus (Insurance), and includes Michael Rosenfield, Jennifer Chae (both Insurance), Scott Pollock, Nathan Enfield, Lee Christie (all Tax), Jonathan Litsey (M&A), Ram Burshtine, Daniel Philion, Bill Turnbull, and John Jiang (all Global Finance).~~Sidley is representing Altamont Capital Partners and Hadron in the launch of Hadron, a groundbreaking hybrid insurer focused on managing general underwriters (MGUs). Hadron is backed by over US$250 million in capital support from Altamont and other institutional investors. According to Hadron, the company “intends to bring significant underwriting capacity to the growing program space,” by combining “best-in-class underwriting and portfolio management technology with reliable, long-term insurance capacity.” The Sidley team is led by Tony Ribaudo (Insurance), Ryan Scofield (M&A), and John Grothaus (Insurance), and includes Michael Rosenfield, Jennifer Chae (both Insurance), Scott Pollock, Nathan Enfield, Lee Christie (all Tax), Jonathan Litsey (M&A), Ram Burshtine, Daniel Philion, Bill Turnbull, and John Jiang (all Global Finance).

Nov 6

1 min

Sidley represented Kuvare Holdings in the launch of Kindley Re Ltd., a newly-formed third-party capital-backed US$400 million life and annuity reinsurance sidecar. Bermuda-based Kindley Re was formed in partnership with Davidson Kempner Capital Management LP, and Kuvare and its affiliates. Kuvare is a technology-enabled financial services platform focused on insurance, reinsurance, and asset management solutions. The Sidley team was led by Tony Ribaudo, Brad Drake (both Insurance), Ryan Scofield (M&A), and John Grothaus (Insurance), and included Jennifer Chae, Ramia Mitchell, Jordyn Weiss (Insurance), Eryn Berquist, Jon Litsey (M&A), Peter Edgerton, Nathan Enfield (Tax), Beth Quintana, Allison Hocevar (Investment Funds), and Banks Bruce (Global Finance).~~Sidley represented Kuvare Holdings in the launch of Kindley Re Ltd., a newly-formed third-party capital-backed US$400 million life and annuity reinsurance sidecar. Bermuda-based Kindley Re was formed in partnership with Davidson Kempner Capital Management LP, and Kuvare and its affiliates. Kuvare is a technology-enabled financial services platform focused on insurance, reinsurance, and asset management solutions. The Sidley team was led by Tony Ribaudo, Brad Drake (both Insurance), Ryan Scofield (M&A), and John Grothaus (Insurance), and included Jennifer Chae, Ramia Mitchell, Jordyn Weiss (Insurance), Eryn Berquist, Jon Litsey (M&A), Peter Edgerton, Nathan Enfield (Tax), Beth Quintana, Allison Hocevar (Investment Funds), and Banks Bruce (Global Finance).

Jan 12

1 min

Sidley is advising RGA in a US$4.1 billion reinsurance transaction to acquire a long-term care (LTC) block and a structured settlements block from John Hancock, a subsidiary of Manulife. The blocks comprise US$1.9 billion in LTC liabilities and US$2.2 billion in structured settlement liabilities. Publicly traded RGA is a leading global life and health reinsurer. Manulife is a leading international financial services group. The transaction is one of the few LTC reinsurance trades in recent years, and represents Sidley’s ability to guide clients in their most complex and significant insurance industry transactions. The Sidley team is led by Tony Ribaudo, Mike Devins, and John Grothaus (all Financial Institutions – Insurance), and includes Jennifer Chae, Riley Arnold, Jim Ford (all Financial Institutions – Insurance), Peter Edgerton, Nathan Enfield (both Tax), Steve McInerney (Privacy and Cybersecurity), Stan Boris, Joel Feinberg (both Banking and Financial Services), Andy Shoyer, and Carys Golesworthy (both Global Arbitration, Trade and Advocacy).~~Sidley is advising RGA in a US$4.1 billion reinsurance transaction to acquire a long-term care (LTC) block and a structured settlements block from John Hancock, a subsidiary of Manulife. The blocks comprise US$1.9 billion in LTC liabilities and US$2.2 billion in structured settlement liabilities. Publicly traded RGA is a leading global life and health reinsurer. Manulife is a leading international financial services group. The transaction is one of the few LTC reinsurance trades in recent years, and represents Sidley’s ability to guide clients in their most complex and significant insurance industry transactions. The Sidley team is led by Tony Ribaudo, Mike Devins, and John Grothaus (all Financial Institutions – Insurance), and includes Jennifer Chae, Riley Arnold, Jim Ford (all Financial Institutions – Insurance), Peter Edgerton, Nathan Enfield (both Tax), Steve McInerney (Privacy and Cybersecurity), Stan Boris, Joel Feinberg (both Banking and Financial Services), Andy Shoyer, and Carys Golesworthy (both Global Arbitration, Trade and Advocacy).

Nov 21

1 min