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Mayer Brown

1221 AVENUE OF THE AMERICAS, NEW YORK, NY 10020-1001, USA
Tel:
Work +1 212 506 2500
Fax:
Fax +1 212 262 1910
Email:
Web:
www.mayerbrown.com

David Alberts

Tel:
Work +1 212 506 2611
Email:
Mayer Brown

Work Department

Corporate & Securities.

Position

David is a partner in the New York office of Mayer Brown, where he focuses his practice on insurance and reinsurance matters. In addition, his corporate and regulatory practice includes a wide range of transactional, counseling and advisory services to numerous financial institutions. David’s work for the life and non-life insurance industry includes corporate, regulatory, contract wording, insurance finance, credit enhancements, new product development, evaluation and management of run-off liabilities, and development and implementation of exit strategies such as liability-based restructuring, financial reinsurance and portfolio transfers. He regularly advises on multi-jurisdictional and cross-border regulatory issues, including credit for reinsurance laws, risk transfer regulations, permissible investment under insurance investment laws and related collateralization requirements.

Education

Georgetown University, MAS, 1986; University of Iowa, JD, 1991 with Distinction.


United States: Industry focus

Insurance: non-contentious

Within: Insurance: non-contentious

Mayer Brown handles international transactional mandates for global insurance players and is active in M&A, corporate finance and capital raising transactions in the insurance sector. The team is particularly adept at catastrophe bond transactions, advising insurers and reinsurers, banks and other financial institutions, insurance brokers, and investors such as private equity firms, hedge funds and dedicated funds. Department heads David Alberts and Stephen Rooney in New York led advice for The Hartford on its acquisition of Aetna’s US group life and disability business for $1.45bn. Alberts and Richard Spitzer represented Armour Group in the formation of a new insurance fund for run-off insurance investments in collaboration with Credit Suisse Asset Management. Munich Re, Beazley, The Hartford Financial Services Group, Catalina Holdings and AllLife are also clients. Lawrence Hamilton in Chicago, Francis Monaco and Magnus Karlberg are also recommended. Named lawyers are based in New York unless otherwise stated. James Woods has left the firm. In March 2019, the firm received a significant boost in the insurance sector by acquiring a highly rated trio from Dentons: Kara Baysinger in San Francisco, Matthew Gaul in New York and Stephanie Duchene in Los Angeles.

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United States: M&A/corporate and commercial

M&A: large deals ($1bn+)

Within: M&A: large deals ($1bn+)

Mayer Brown takes on a considerable volume of large-cap domestic and cross-border M&A. The firm has an especially strong presence in Chicago, but also has key M&A practitioners in New York, Houston and elsewhere. Life sciences, financial institutions, energy, technology and gaming are among its most active industries. Recent work includes advising CIBC on its $3.8bn cash and stock acquisition of PrivateBancorp and its subsidiary The PrivateBank, a middle-market commercial bank with $17.7bn in assets, and representing TransCanada in the $2.2bn sale of its power business assets in the northeast of the US. It also advised The Hartford Financial Services Group on its $1.45bn acquisition of Aetna’s US group life and disability business. Other clients include Ally Financial, AT&T, Caesars Entertainment, Cargill, Caterpillar, Dow, ExxonMobil, Macquarie, Wells Fargo and Yum! Brands. William Kucera and Jodi Simala are chairs of the M&A practice, which also includes Frederick Thomas and Marc Sperber. Andrew Noreuil is another frequent adviser on large-cap M&A transactions, as are New York-based David Alberts and Philip Brandes. Attorneys are Chicago based unless stated otherwise.

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