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Clifford Chance

Clifford Chance

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United States • Insurance

3

Insurance: non-contentious

Jointly led by Joseph Cosentino and Dennis Manfredi, the insurance practice at Clifford Chance has experience handling insurance transactions and reinsurance transactions in the life and health insurance sectors. The team is also well-versed in supporting clients in the formation of new insurance funds and advising on pension risk transfer transactions. Its client base consists of global and domestic insurers, reinsurers, and financial institutions. Cosentino leads on representation and warranty matters, while Manfredi regularly represents private equity firms and asset managers. Elliott Schreffler and Lewis Fickett support on a range of regulatory and transactional mandates. All lawyers mentioned are based in New York.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Clifford Chance addresses all issues and all people (on either side of the table) with professional courtesy, respect, and a solutions-oriented attitude.’

  • ‘Working with Dennis Manfredi not only provides me with the comfort of knowing I have an expert on my team, but I simply enjoy the experience. He is a great guy, is tremendously accessible, and he makes clients feel important.’

  • ‘The team has deep knowledge and expertise in the insurance industry. I think the team is good at leveraging the strengths of each team member to provide good service. They are also good at getting to creative solutions.’

  • ‘The team has deep expertise in the insurance industry and provides valuable and creative solutions to challenges provided in transactions.’

  • ‘I think the insurance team are going from strength to strength. We instruct them on some of our most high value and technical insurance matters because we can rely on them to deliver. In my experience, Dennis and his team bring a level of commercial acumen and drafting expertise that's unrivalled. The team are great to work with.’

  • ‘Dennis Manfredi is phenomenal. He combines deep insurance sector knowledge with fantastic commerciality. He is always approachable and works tireless to deliver for his clients.'

  • 'A special mention to Elliott Schreffler who works in Dennis' team and is a brilliant Associate. His ability to distil technical insurance mechanics into straightforward drafting is commendable.’

  • ‘Technically excellent and very commercial as well.’

  • ‘Dennis Manfredi is a delight to work with and my first choice in the US.’ 

  • 'Joe Cosentino and James Grayer always provide fast, pragmatic and accurate legal advice. We place great value on their advice and they are always there when we need them.'  

Key clients

  • CFC Underwriting
  • Chubb
  • Domestic & General
  • Everlake Life Insurance Company
  • Global Atlantic Financial Group
  • Inigo Limited
  • Legal & General
  • Martello Re
  • Reinsurance Group of America (RGA)
  • Somerset Re

Work highlights

Advised Legal & General on the carve-out and sale of its U.S. protection business and a 20% interest in its US pension risk transfer business to Meiji Yasuda Life Insurance Company for approximately $2.3 billion.
Advised Reinsurance Group of America on its $32 billion agreement with Equitable to reinsure a diversified block of life insurance products.
Advised Somerset Reinsurance Limited on its $900 million reinsurance transaction with a leading international insurance group.
Practice head

Joseph Cosentino; Dennis Manfredi

Other key lawyers

Eugene Benger; Lewis Fickett; James Grayer; Elliott Schreffler

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