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== <big>Perry Shwachman</big> == |
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'''Perry J. Shwachman''' is a Chicago lawyer and partner at Sidley Austin LLP. Shwachman specializes in insurance law. He attended University of Illinois at Urbana Champaign for his undergraduate work, and University of Chicago for his Juris Doctorate, finishing cum laude in 1986. |
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== Career == |
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Shwachman is the leader of Sidley’s global Insurance group, and a member of the firm’s Management Committee and Executive Committee. He regularly counsels clients on a wide variety of matters involving the insurance industry. His clients include insurance companies, commercial and investment banks, investment managers and other financial institutions that transact with insurance companies. |
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For over 30 years he has advised clients on merger and acquisition, reinsurance, securities, insurance securitization, private equity, lending, derivative, structured product, structured investment vehicle and stable value transactions, as well as on insurance regulatory matters. Shwachman has been at the forefront in the development of life insurance securitizations and has helped structure some of the first embedded value, redundant reserve financing and catastrophic mortality linked securities transactions. In addition to life and health insurance, he also has substantial experience with property and casualty, financial guaranty and mortgage insurance matters. |
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Shwachman has been recognized by ''Chambers USA-America’s Leading Business Lawyers'', ''PLC Cross-border Insurance and Reinsurance Handbook'', and ''The Legal 500 US'', and was selected for inclusion in ''The Best Lawyers in America®'' 2012–2019 in the field of insurance. In 2016, he received the International Law Office Client Choice Award for Insurance in Illinois, and received the Award for Insurance & Reinsurance (U.S.) in 2012. The Client Choice Award recognizes the “ability to add real value to clients’ business above and beyond the other players in the market” and winners may only be nominated by corporate counsel. |
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Shwachman was a certified public accountant (no longer active), having received a bronze medal for passing the 1983 CPA examination with the third highest score in the State of Illinois. |
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== Notable deals == |
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* Apollo Global Management in its $2.6 billion acquisition of publicly traded Aspen Insurance Holdings.<ref>{{Cite web|url=https://www.sidley.com/en/newslanding/newsannouncements/2018/09/sidley-represents-apollo-in-acquisition-of-publicly-traded-aspen|title=Sidley Represents Apollo in $2.6 Billion Acquisition of Publicly Traded Aspen|website=www.sidley.com|language=en|access-date=2019-06-13}}</ref> |
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* Apollo Global Management and Varde Partners in the acquisition of Fortress Investment Group’s ownership in OneMain Financial for $1.4 billion.<ref>{{Cite web|url=https://www.law360.com/articles/998720/apollo-varde-snag-fortress-onemain-stake-in-1-4b-deal|title=Apollo, Varde Snag Fortress' OneMain Stake In $1.4B Deal - Law360|website=www.law360.com|language=en|access-date=2019-06-13}}</ref> |
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* Aquiline Capital in the acquisition of Armour Group and the related $500 million equity financing.<ref>{{Cite web|url=https://www.law360.com/articles/998461/armour-nabs-500m-pe-investment-for-reinsurance-group|title=Armour Nabs $500M PE Investment For Reinsurance Group - Law360|website=www.law360.com|language=en|access-date=2019-06-13}}</ref> |
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* Apollo Global Management and Athene Holding in the acquisition from Voya Financial of Voya Insurance and Annuity Company, including Voya’s closed block variable annuity business, for approximately $500 million, and Athene’s agreement to reinsure $19 billion of Voya’s fixed and fixed indexed annuity liabilities.<ref>{{Cite web|url=https://www.sidley.com/en/newslanding/newsannouncements/2018/01/sidley-advises-apollo-and-athene-in-voya-acquisition-and-reinsurance-agreement|title=Sidley Advises Apollo and Athene in Voya Acquisition and Reinsurance Agreement|website=www.sidley.com|language=en|access-date=2019-06-13}}</ref> |
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* The Hartford in the sale of its life insurance and annuity businesses for $2.05 billion to an investor group that included Global Atlantic, Cornell Capital, TRB Advisors, Pine Brook and J. Safra Group.<ref>{{Cite web|url=https://www.sidley.com/en/newslanding/newsannouncements/2018/02/sidley-advises-the-hartford-in-sale-of-run-off-life-and-annuity-business|title=Sidley Advises The Hartford in $2.05 Billion Sale of Run-Off Life and Annuity Business|website=www.sidley.com|language=en|access-date=2019-06-13}}</ref> |
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* Apollo Global Management in the acquisition of Catalina Holdings.<ref>{{Cite web|url=https://www.sidley.com/en/newslanding/newsannouncements/2017/10/sidley-advises-apollo-on-its-acquisition-of-catalina-holdings|title=Sidley Advises Apollo on Its Acquisition of Catalina Holdings|website=www.sidley.com|language=en|access-date=2019-06-13}}</ref> |
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* Athene Holding in its $1.24 billion initial public offering.<ref>{{Cite web|url=https://www.sidley.com/en/newslanding/newsannouncements/2016/12/sidley-represents-athene-in-ipo|title=Sidley Represents Athene in $1.24 Billion IPO, Among Largest Worldwide in 2016|website=www.sidley.com|language=en|access-date=2019-06-13}}</ref> |
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* Genworth in the sale of its lifestyle protection insurance business to AXA for €465 million.<ref>{{Cite web|url=https://www.iaireview.org/scheda_legal.php?idl=2177|title=AXA acquires Genworth Financial Inc.'s London-based lifestyle protection insurance for €465 million|website=www.iaireview.org|access-date=2019-06-13}}</ref> |
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* The Hartford in the sale of its Japanese variable annuity business to ORIX for $1.4 billion. <ref>{{Cite web|url=https://www.law360.com/articles/532260/sidley-advises-hartford-in-895m-deal-with-orix|title=Sidley Advises Hartford In $895M Deal With Orix - Law360|website=www.law360.com|language=en|access-date=2019-06-13}}</ref> |
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* Athene Holding in its acquisition of Aviva USA for $1.55 billion and simultaneous sale by Athene of the Aviva USA life insurance business to Global Atlantic.<ref>{{Cite web|url=https://www.law360.com/articles/403577/sidley-austin-guides-apollo-unit-in-1-8b-aviva-usa-buy|title=Sidley Austin Guides Apollo Unit In $1.8B Aviva USA Buy - Law360|website=www.law360.com|language=en|access-date=2019-06-13}}</ref> |
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== References == |
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<references /> |
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{{DEFAULTSORT:Perry Shwachman }} |
{{DEFAULTSORT:Perry Shwachman }} |
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Latest revision as of 02:35, 13 June 2019