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Daniel A. Rabinowitz advises clients in the insurance and reinsurance industry on a comprehensive range of transactional and regulatory matters, including mergers and acquisitions, capital markets, restructurings, securitization and structured finance, reorganizations, reinsurance, insurance-linked securities, capital standards, group solvency, insurance company investments and corporate governance. From 2011 to 2014, he served as Chair of the Insurance Law Committee of the NYC Bar Association.
In the area of insurance M&A, Mr. Rabinowitz was instrumental in obtaining New York and Tennessee insurance regulatory approvals, as counsel to White Mountains Insurance Group, in its $2.6 billion sale of Sirius International to Chinese investment fund China Minsheng Investment Corp. in 2016. His recent insurance M&A experience also includes representing ACP Re, Ltd. in its merger with Tower Group; National General Holdings in its acquisition of Direct General Insurance; Stone Point Capital in its acquisition of Kestra Financial from National Financial Partners; and AmTrust Financial in its acquisition of Warranty Solutions from Wells Fargo.
In the area of reinsurance, Mr. Rabinowitz has advised six large policyholders of Financial Guaranty Insurance Company (FGIC) in a proposed $1.9 billion transaction, involving Assured Guaranty and FGIC, to reinsure and commute certain FGIC obligations. He has also represented holders of surplus notes of MBIA Insurance Corp. in a $325 million senior credit facility for MBIA in connection with claims arising out of MBIA’s exposure to the Zohar CDOs.