📋 Tender Overview
Eversheds Sutherland is pleased to announce that it represented Nassau Financial Group L.P. in entering into a definitive agreement for Nassau Life Insurance Company NNY to acquire Foresters Financial Holding Company Inc. and its sole subsidiary Foresters Life Insurance and Annuity Company FLIAC from The Independent Order of Foresters. The transaction is expected to close in the first quarter of 2020 and is subject to customary closing conditions including regulatory approval by the New York State Department of Financial Services. NNY and FLIAC are New York-domiciled life insurance companies.Insurance Partner Bert Adams led the deal team with support from Partners Brenna Clark Stacy Fredrich Dodie Kent Susan Krawczyk Trent Myers Kristan Rizzolo Cynthia Shoss and Michael Steinig Counsel Sean Diamond and Ben Marzouk and Associates Ronald Coenen Kevin Finnegan and Michele Spencer.FLIAC is a provider of life insurance and annuity products with 112000 policyholders throughout the US and 11.9 billion of life insurance in force and 2.5 billion in assets.Life property casualty and captive insurers and reinsurers trust Eversheds Sutherland for strategic advice based on decades of insurance industry experience. Immersed in insurance from transformative transactions to essential operations Eversheds Sutherland offers clients a collaborative and integrated approach to legal services. Whether pursuing opportunities or managing crises we partner with our clients to find creative business-oriented solutions and deliver the highest-quality service in finance litigation MA and demutualizations regulatory products tax reinsurance and captive insurance matters.
