Date announced: 11/01/2016
Value: Undisclosed
BLG is representing Securian Financial Group, one of the largest financial services providers in the United States which has more than $1.15 trillion of in force insurance and $64 billion in assets under management, in negotiating its acquisition of the Affinity business of ivari, a Canadian insurance company that was acquired by Wilton Re in July 2015. The Affinity business of ivari includes insurance manufacturers Canadian Premier Life Insurance Company and Legacy General Insurance Company, distributor CRI Canada, and Selient, which provides customized loan and insurance point-of-sale technologies to Canadian credit unions.
Securian Financial Group and ivari have entered into a definitive acquisition agreement which is expected to close in the first quarter of 2017.
The BLG team for this transaction is led by Stefan Timms and includes Kyle Denomme (corporate), Jill McCutcheon and Kelly Morris (insurance – corporate regulatory), Steve Suarez, Pamela Cross, Beverly Gilbert (tax), Davit Akman, Denes Rothschild (competition and anti-trust), Michelle Henry, James Fu, Brian Portas (employment, benefits and immigration), Eric Boehm (IP & IT), Doug Smith (insurance and tort liability), and Brennan Carroll (real estate).