Gary Boss

NMI Holdings, Inc. (Nasdaq: NMIH) announced that it priced its public offering (The Offering) of US$425 million aggregate principal amount of senior unsecured notes. The Offering is expected to close on May 21, 2024, subject to customary closing conditions. Latham & Watkins LLP represented the underwriters in The Offering, with a capital markets team led by New York partners Corey Wright and Erika Weinberg, with associates Sofia Sitterson and Sheen Moaleman. Advice was also provided on insurance matters by New York partners Gary Boss and Analisa Dillingham, with associate Alexander Traum; on tax matters by New York partner Jiyeon Lee-Lim, with associate Angelina Richards; on ECEB matters by New York partner Bradd Williamson, with associate Charity Wyatt; and on data privacy matters by Bay Area partner Robert Blamires, with associate Kiara Vaughn.~~

May 14

1 min

Nippon Life Insurance Company (Nippon Life) announced that it has reached an agreement with Corebridge Financial, Inc. (Corebridge) and its parent company, American International Group, Inc. (AIG), on May 16, 2024, to acquire a 20% equity interest in Corebridge. Nippon Life establishes a strategic partnership with these two companies through this acquisition to further enhance the value of Corebridge. The acquisition amount is expected to be approximately US$3.84 billion (approximately JPY 595 billion), which will be funded by cash on hand. The transaction is subject to procedures related to regulatory approval as well as notification of the relevant authorities in relation to the acquisition. Latham & Watkins LLP represents Nippon Life in the transaction with a cross-border corporate deal team led by Tokyo partner Hiroaki Takagi and Chicago partners Bradley Faris and Jason Morelli, with associates Nicholas Cavallo, Tyler Arnfelt, Katie Connelly, Leah Beukelman, and Danni Wang. Advice on corporate matters is also being provided by Tokyo partners Hiroki Kobayashi and Yohei Nakagawa; on tax matters by Chicago partner Diana Doyle; on insurance matters by New York partners Gary Boss and Analisa Dillingham and New York counsel Alexander Traum, with associate Teresa Wendel; on compensation and benefits matters by Chicago partner Benjamin Rosemergy, with associates Victoria Wolfe and Tayler Evan Daniels; on foreign direct investment matters by Washington, D.C. partner Jim Barker and Washington, D.C. counsel Catherine Hein, with associates Julie Choi Shin and Amulya Vadapalli; and on antitrust matters by Century City/Washington, D.C. partner Makan Delrahim, Frankfurt partner Max Hauser, Hamburg partner Jana Dammann, and Washington, D.C. counsel Britton Davis, with associates Charlie Beller, Markus Welzenbach, and Charles McGrath.~~

May 16

1 min

Zimmer Financial Services Group (Zimmer), whose businesses include insurance and investment management, announced the sale of its specialty legacy insurance provider, Carrick Specialty Holdings. Founded by Zimmer in 2019, Carrick quickly grew operations in the United States, United Kingdom, and Bermuda, establishing a strong record of deals in the legacy market. Under the terms of the transaction, Carrick was purchased at a premium to book value by Northlight QIAIF plc, an Irish-regulated company managed by Northlight Group LLP, a London-based investment manager. Latham & Watkins LLP represented Zimmer in the transaction with a corporate deal team led by New York partners Gary Boss and Kirsten Gaeta and London partner Sam Newhouse, with associates Alice Drayton and Antonina Semyachkova. Advice was also provided on insurance matters by New York partner Analisa Dillingham, London counsel Tim Scott, and New York counsel Dean Agnos; on benefits and compensation matters by New York partners Bradd Williamson and Megan Alessi and New York counsel Sandra Benjamin, with associate Charity Wyatt; and on tax matters by Bay Area partner Katharine Moir and London partner Aoife McCabe, with associate Christine Mainguy.~~

Jan 11

1 min

Intel Corporation (Nasdaq: INTC) and Apollo (NYSE: APO) announced a definitive agreement under which Apollo-managed funds and affiliates will lead an investment of US$11 billion to acquire from Intel a 49% equity interest in a joint venture entity related to Intel’s Fab 34. Latham & Watkins LLP represents Apollo Co-Investors in the transaction with a corporate team led by New York partner Gary Boss, Los Angeles/New York partner Jeff Greenberg, New York partner Chirag Dedania, and Bay Area partner Tad Freese, with associates Nicole Goldman, Taylor Owens,* Jesse Van Genugten, Taylor López, Jacob Kempf, and Emilie Cullen. Advice was also provided on tax matters by New York partner Bora Bozkurt, with associate Michael Yu; on ERISA matters by Washington, D.C. partner Adam Kestenbaum and Los Angeles/New York counsel Aryeh Zuber; on sanctions/anti-money laundering matters by Washington, D.C. partner Damara Chambers and counsel Andrew Galdes; and on margin stock matters by New York counsel Pia Naib. *Not admitted to practice in the US. Only admitted to practice in Australia.~~

Jun 4

1 min

Bowhead Specialty Holdings Inc. (the Company), a specialty insurance business providing casualty and professional liability insurance products, has announced the pricing of its upsized initial public offering of 7,529,412 shares of its common stock at a public offering price of US$17 per share. The aggregate gross proceeds to the Company from the offering are expected to be US$128 million before deducting underwriting discounts and commissions and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,129,411 shares of its common stock at the initial offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on May 23, 2024, under the symbol “BOW.” Latham & Watkins LLP represents the underwriters in the offering with a corporate team led by New York partners Marc Jaffe, Erika Weinberg, and Gary Boss, and New York counsel Alexander Traum, with associates Kaj Nielsen, Jie Lin Nai, and Emma Fichtel. Advice was also provided on tax matters by New York partners Jiyeon Lee-Lim and Aaron Bernstein, with associate Nicholas Sun; on benefits and compensation matters by New York partner Bradd Williamson, with associate Jaye Han; on data privacy matters by Bay Area partner Robert Blamires, with associate Kiara Vaughn; and on intellectual property matters by New York partner Jessica Cohen, with associate Ece Gonulal.~~

May 23

1 min