Our other recent deal experience in the sector (details of which we are able to disclose) includes advising:
- Deutsche Bank in relation to a letter of credit facility for AEGON N.V which will be used for US regulatory capital purposes;
- A major, international listed insurer on the restructuring of its European operations which included obtaining regulatory consent in three European jurisdictions, refinancing for regulatory capital purposes and entering into swap arrangements;
- BNP Paribas on the acquisition of Dexia Epargne Pension (this transaction is expected to close during the first quarter of 2010);
- A major, international listed insurer on its EUR 2 billion capital raising;
- Fairfax Financial Holdings Limited on the Luxembourg law aspects of its tender offer for Odissey Re Holdings Corp;
- QBE on the issue of £550,000,000 6.125% notes due 2015; and
- A major, international, listed insurer on the proposed restructuring of its bancassurance project in Japan.
