Michael J. Homison
Michael Homison focuses on corporate transactions and related regulatory matters involving insurance and reinsurance companies, both in the United States and internationally.

Bio

Mr. Homison has significant experience in insurance-related acquisitions, divestitures and mergers, as well as reinsurance, renewal rights and restructuring transactions involving insurance and reinsurance companies.

Significant representations include:

  • Humana Inc. in its pending $37 billion merger with Aetna Inc. with respect to all aspects of the insurance regulatory approval process;
  • Voya Financial, Inc. and its subsidiary ReliaStar Life Insurance Company in a reinsurance transaction in which ReliaStar ceded its runoff workers compensation carve-out and occupational accident business to Enstar Group Limited;
  • John Hancock Life Insurance Company in a reinsurance transaction in which John Hancock ceded to New York Life Insurance Company a net 60 percent quota share of a closed block of approximately 1.3 million in-force participating life insurance policies written prior to John Hancock’s demutualization in 2000 and the related pending acquisition by John Hancock of the retirement plan services business of New York Life;
  • Liberty Mutual Insurance Company in an adverse development reinsurance transaction in which Liberty Mutual ceded to National Indemnity Company, a subsidiary of Berkshire Hathaway Inc., substantially all of Liberty Mutual’s U.S. workers compensation, asbestos and environmental liabilities with an aggregate limit of $6.5 billion;
  • CIGNA Corporation in its $1.5 billion acquisition of Great-West Healthcare, Inc., a subsidiary of Great-West Life & Annuity Insurance Company;
  • XL Group plc in the $570 million sale of XL Life Reinsurance Ltd. to GreyCastle Holdings Ltd.;
  • State Farm in the $1.5 billion sale of its Canadian operations to Desjardins Group and related $400 million investment in preferred shares of Desjardins Group’s post-closing property and casualty insurance business;
  • Jackson National Life Insurance Company in its $663 million acquisition of the U.S. Admin Re business of Swiss Re;
  • SCOR S.E. in its $913 million acquisition of the mortality reinsurance business of Transamerica Reinsurance, an operating unit within AEGON N.V.;
  • Manulife Financial Corporation in the sale of its life retrocession business to Pacific Life Insurance Company;
  • The Travelers Companies, Inc. in its $490 million joint venture with Paraná Banco S.A. in Brazil;
  • CNA Financial Corporation in a loss portfolio reinsurance transaction in which CNA’s insurer subsidiaries ceded to National Indemnity Company, CNA’s legacy asbestos and pollution liabilities;
  • UnitedHealth Group Incorporated in its $450 million acquisition of the northeast U.S. health insurance operations of Health Net, Inc.;
  • Fortress Investment Group LLC in its acquisition of American General Finance from American International Group, Inc.;
  • CIGNA Corporation in an alliance with Humana Inc., a provider of health insurance, for the joint distribution of Medicare Advantage policies issued by Humana’s insurance company and HMO subsidiaries to employer group customers; and
  • Conseco in the transfer of Conseco Senior Health Insurance Company, its long-term care insurance subsidiary, to a newly formed trust.

Credentials

Education

  • J.D., Columbia Law School, 2006
  • B.A., Grove City College, 2003

Admissions

  • New York

Michael J. Homison