Theodoulos Charalambous

Theo Charalambous counsels insurers, brokers and private equity sponsors on mergers and acquisitions, disposals, investments, reorganizations, alternative transaction structures and multijurisdictional regulatory matters.

Mr. Charalambous’ experience includes advising:

• Sompo International Holdings Ltd. on its:
  • $3.5 billion merger with Aspen Insurance Holdings Limited
  • sale of Lloyd’s Syndicate 5151 business to Riverstone
• Markel Group Inc. on the sale of the renewal rights for its global reinsurance business to Nationwide
• Triangle Life Insurance Co Ltd. (Bermuda) in connection with its launch capital raise
• the founders of a new insurance platform designed to be an institutional asset manager that will focus on strategic equity investments into sidecars, segregated cells and other collateralized reinsurance vehicles in partnership with leading property and casualty reinsurers and distributors
• Oak Re on the establishment of a new private equity-backed Lloyd’s of London syndicate
• Optio Group Limited (United Kingdom), a portfolio company of Preservation Capital Partners Limited, on its acquisitions of:
  • Circles Group. S.A. (Luxembourg). Skadden also represented OptioGroup in the equity and debt financing aspects of this transaction
  • Den Hartigh Beheer & Exploitatie B.V.
• InEvo Re (established by Macquarie Asset Management) on its first pension risk transfer life reinsurance transaction
• Blackstone on the establishment of Syndicate 2478, a reinsurance syndicate at Lloyd’s that will be a multiyear participant on AIG’s outwards reinsurance program. Syndicate 2478 will be supported by third-party capital from funds managed by Blackstone through the London Bridge 2 PCC structure and Blackstone will act as investment manager for syndicate assets
• a European MGA consolidation platform on its acquisition of a Benelux insurance inter-mediation business
• Pollen Street and Markerstudy in the agreed upon acquisition of Collingwood, a U.K./Gibraltar-based broker/carrier group
• Corebridge Financial, Inc. on the £460 million sale of its U.K. life insurance business to Aviva plc
• Intact Financial Corporation and its subsidiary Royal & Sun Alliance Insurance Limited on their US$648 million acquisition of the brokered commercial lines operations of Direct Line Insurance Group plc
• Willis Towers Watson on its US$4 billion sale of Willis Re to A. J. Gallagher
• Argo Group International on the US$125 million sale of Argo Underwriting Agency and Lloyd’s Syndicate 1200 to Westfield Insurance
• Acrisure, LLC on its acquisition of Volante Global, a specialty Lloyd’s managing general agent
• U.K.- and Gibraltar-based insurers on a series of regulatory capital issuances and reinsurances in connection with reorganizations of regulated carrier and broker groups involving regulatory clearances in Germany, the Netherlands, Turkey, Korea, Taiwan, Hong Kong, Singapore and Indonesia