Jennifer Chae

Recent transactions on which Jennifer has advised include representation of:

• RGA in the acquisition of a US$4.1 billion block of long-term care and structured settlement business from John Hancock.
• Kuvare Holdings in the sale for up to US$1 billion of Kuvare Asset Management to Blue Owl Capital (including potential earnout), and US$250 million preferred equity investment by Blue Owl in Kuvare.
• The Cigna Group on insurance regulatory matters in the sale of its Medicare businesses and CareAllies to HCSC for a total transaction value of approximately US$3.7 billion (pending).
• Fleming Insurance Holdings, a portfolio company of Altamont Capital Partners, in its US$277 million acquisition of JRG Re from James River.
• Altamont Capital Partners and Hadron in the launch of Hadron, a groundbreaking hybrid insurer focused on managing general underwriters backed by over US$250 million from Altamont and other institutional investors.
• Kuvare Holdings in the launch of Kindley Re, a US$400 million life and annuity reinsurance sidecar formed in partnership with Davidson Kempner Capital Management, and Kuvare and its affiliates.
• Kuvare Holdings’ subsidiary Guaranty Income Life Insurance Company in its acquisition of Lincoln Benefit Life Company, making Kuvare an insurance conglomerate with assets exceeding US$13 billion.
• The Farmers Exchanges in the acquisition jointly with Farmers Group, Inc. of MetLife’s property and casualty business, MetLife Auto & Home, for US$3.94 billion.
• Venerable in its acquisition of Corporate Solutions Life Re from Equitable Holdings, and the reinsurance of approximately US$26 billion of reserves from Equitable Financial Life Insurance Company.
• Western & Southern Financial Group in multiple offerings of surplus notes totaling US$1 billion.
• Athene Life Re in the reinsurance from Jackson National Life Insurance Company of a US$27 billion in-force block of fixed annuities and fixed indexed annuities.