Simpson Thacher is representing Strategic Risk Solutions in connection with its announced acquisition of Garnet Captive Insurance Services, which specializes in group captive program administration and provides alternative risk insurance solutions for mid-sized employers. The transaction is subject to customary regulatory approvals. Financial terms of the transaction were not disclosed.

SRS is the world’s largest independent insurance company manager and provides management and consulting services to a wide range of insurance company entities.~~The Simpson Thacher team for the transaction includes Michael Chao, Felicity Bell and Corinne Belkoff (M&A); Sophie Staples, Marcy Geller, Edward Grais and Mohanad Salaimi (Tax); David Rubinsky, Jesslyn Nunez and Alan Fenyes (ECEB); Marisa Geiger, Bobbie Burrows and Sarika Pandrangi (IP); Eli Isak (Credit); Karen Kazmerzak (Antitrust); and Steve DeLott (Insurance).