Bio

Patrick Lewis focuses on mergers and acquisitions, corporate finance and private equity, primarily in the financial services industry. Mr. Lewis represents acquirers, sellers, targets and financial advisors in a wide variety of transactions, including private and public acquisitions and divestitures (including auctions), joint ventures, reinsurance, capital raising transactions and other corporate matters.

Significant U.S. and cross-border transactions include the representation of:

  • XL Group Ltd in its $15.3 billion acquisition by AXA SA;
  • Endurance Specialty Holdings Ltd. in its $6.3 billion acquisition by Sompo Holdings, Inc.;
  • Validus Holdings, Ltd. in its:
    • $5.6 billion acquisition by American International Group, Inc.; and
    • $690 million acquisition of Western World Insurance Group;
  • Stone Point Capital LLC in its $2.7 billion going-private acquisition of AmTrust Financial Services, Inc., together with the Karfunkel and Zyskind families;
  • Fidelity & Guaranty Life in its $1.835 billion merger with CF Corporation, a special purpose acquisition company backed by existing shareholders Blackstone Funds and Fidelity National Financial, Inc., and its proposed (now terminated) $1.6 billion merger with Anbang Insurance Group Co., Ltd.;
  • Ameriprise Financial, Inc. in the $1.05 billion pending sale of its auto and home insurance business to American Family Insurance Mutual Holding Company;
  • Markel Corporation in its acquisition of Nephila Holdings Ltd.;
  • Highmark Inc. in its sale of Davis Vision, Inc. and a minority interest in Visionworks of America, Inc. to Centerbridge Partners, L.P., and the subsequent sale of Visionworks of America, Inc. to Vision Services Plan;
  • State National Companies, Inc. in its $919 million acquisition by Markel Corporation;
  • Blackstone Group LP in its pending sale of Lendmark Financial Services LLC to Lightyear Capital LLC and the Ontario Teachers’ Pension Plan Board;
  • OFG Bancorp in its $550 million pending acquisition of Scotiabank’s Puerto Rico and U.S. Virgin Islands banking operations;
  • The Travelers Companies, Inc. in its:
    • $490 million acquisition of Simply Business Holdings Ltd, the U.K.’s largest online distributer for small- and medium-sized business insurance; and
    • acquisition of a majority interest in the property casualty business of its J. Malucelli joint venture in Brazil; and
  • Citigroup Inc. in its:
    • transfer of a coinsurance agreement covering a block of term life insurance policies written by Primerica Life Insurance Company to a subsidiary of Swiss Re Life & Health America Inc. The transaction resulted in a reduction of $2.5 billion of assets from Citi Holdings’ balance sheet; and
    • sale of Financial Reassurance Company 2010, Ltd., which coinsures a block of term life insurance policies written by Primerica Life Insurance Company of Canada to a subsidiary of Munich Re.

Credentials

Education

  • LL.M., Columbia Law School, 2012
  • LL.B., University of Sydney, 2010
  • B.Lib.Stud., University of Sydney, 2006

Admissions

  • High Court of Australia
  • New York

Patrick J. Lewis

Associate, Mergers and Acquisitions; Financial Institutions
patrick.lewis@skadden.com