Bio

Patrick Lewis focuses on mergers and acquisitions, corporate finance and private equity, primarily in the insurance and health care industries. 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 pending $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 pending $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.;
  • State Farm in the $1.46 billion sale of its Canadian insurance businesses and financial services companies to Desjardins Group;
  • Delaware Life in its $1.35 billion acquisition of the U.S. annuity business and certain life insurance businesses of Sun Life Financial Inc.;
  • Markel Corporation in its pending 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.;
  • State National Companies, Inc. in its $919 million acquisition by Markel Corporation;
  • 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;
  • Banco BTG Pactual S.A. in its acquisition of Ariel Re from Global Atlantic Financial Group Limited and its subsequent sale of Ariel Re to Argo Group International Holdings, Ltd.; 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, Financial Institutions
patrick.lewis@skadden.com