Michael G. Stern

Prior to joining Willkie in 2019, Michael was counsel at Debevoise & Plimpton LLP.

Michael has advised on the following significant matters*:

• Arch Insurance North America on its $450 million acquisition of Allianz’s U.S. MidCorp and Entertainment insurance businesses
• Prudential Financial, Inc. on its agreement to reinsure a $12.5 billion guaranteed universal life block with Somerset Re
• Prudential Financial, Inc. on its agreement to reinsure a $10 billion block of variable annuities with an affiliate of Constellation Insurance Holdings, Inc.
• Delaware Life Insurance Company in its sale of Delaware Life Insurance Company of New York to Nassau Financial Group
• Sixth Street in its insurance platform Talcott Resolution’s agreement to reinsure $25 billion of liabilities from Principal Financial Group
• Sixth Street in its agreement alongside Resolution Life to reinsure a $35 billion fixed index annuity portfolio of Allianz Life
• The underwriters in Argo Group International Holdings, Ltd.’s issuance of $150 million depositary shares in July 2020
• Spinnaker Insurance Company, a licensed national property and casualty insurer, in its acquisition by Hippo Insurance Services
• Zurich in its agreement to sell its U.S. Corporate Life and Pensions (Group Benefits) business to Aflac
• Bain Capital Private Equity and Diamond Castle in the sale of Beacon Health Options to Anthem
• Principal Financial Group in its $1.2 billion acquisition of an Institutional Retirement & Trust business
• The Carlyle Group in its strategic partnership with AIG to position DSA Re as a platform to provide solutions for insurance liabilities globally
• MAPFRE Insurance in its agreement to provide Safeco Insurance the opportunity to underwrite its personal lines policies in the states of Indiana, Kentucky and Tennessee
• American International Group in its $5.56 billion acquisition of Validus Group, a Bermuda-based, NYSE-listed, (re)insurance company
• AmTrust Financial Services in a strategic transaction with Madison Dearborn for a portion of AmTrust’s U.S. fee businesses valued at $1.15 billion
• American International Group in the sale of its medical stop-loss operations to Tokio Marine HCC
• Canada Pension Plan Investment Board in its $1.1 billion acquisition of Ascot from American International Group
• J.P. Morgan Securities and Morgan Stanley, as financial advisors to American International Group, in its $3.4 billion sale of United Guaranty Corporation, the leading private mortgage insurance company in the United States, to Arch Capital Group
• Swiss Re Corporate Solutions in its $153 million acquisition of IHC Risk Solutions and its direct employer stop loss business from Independence Holding Company
• Protective Life Insurance Company in its acquisition by reinsurance of a block of term life insurance business from Genworth Financial
• Sun Life Financial in its acquisition of Assurant’s Employee Benefits business
• Stone Point Capital in its significant equity investment in specialty insurance broker Alliant Insurance Services, with KKR retaining a significant equity investment in the business
• HC2 Holdings in its acquisition of American Financial Group’s long-term care businesses
• Morgan Stanley, as financial advisor to Pan-American Life Mutual Holding Company, in its merger with Mutual Trust Holding Company
• Harbinger Group and its subsidiary Front Street Re, in the acquisition of Ability Re by way of a merger of Ability Re with and into Front Street Re, with Front Street Re as the surviving entity
• Prudential Financial in its acquisition of a 40% interest in Administradora de Fondos de Pensiones Habitat, a leading provider of retirement services in Chile, for a total purchase price of approximately $550 million

_{* Michael advised on some of these matters prior to joining Willkie.}