Paige A. Levitt

PAIGE LEVITT focuses her practice on a variety of corporate, securities, and regulatory matters involving the insurance and financial services industry. She regularly represents insurance companies, private equity firms, and other industry participants in connection with domestic and cross-border mergers and acquisitions, private equity investments, public and private securities offerings, the formation and capitalization of domestic and offshore insurance and reinsurance companies, and related ventures (including sidecars and other alternative capital vehicles) and regulatory matters in relation thereto.

Paige earned her J.D. from The University of Chicago Law School. Prior to that, she received her M.A. in political science with a concentration in civic leadership and her B.S. with highest honors in human development and family studies, both from the University of Illinois.

Prior to joining Sidley, Paige served as a PILI Graduate Fellow at the Voting Rights Project of the Chicago Lawyers’ Committee for Civil Rights Under Law.

Transactions on which Paige has advised include:

• Athora Holding Ltd. in its approximately £5.7 billion (pending) acquisition of Pension Insurance Corporation Group Limited.
• Venerable in its US$51 Billion Variable Annuity Reinsurance Deal With Corebridge.
• Fortitude Re in the reinsurance of US$3.4 billion of long-term care reserves and approximately US$120 million of individual disability insurance business from Unum.
• Acquisition by Sentry Insurance of non-standard auto insurer The General® from American Family Insurance, for a total transaction value of US$1.7 billion.
• Merger of Athene Holding with Apollo Global Management, in an all-stock transaction creating a pro forma US$29 billion market cap company (with Athene valued at approximately US$11 billion).
• €2.75 billion private capital raise by Athora Holding.
• US$500 million indirect equity investment in Jackson National Life Insurance Company by Athene Life Re.
• Combination common share exchange with and US$1.55 billion sale of common shares to Apollo Global Management by Athene Holding. The transaction also involved the elimination of Athene’s multi-class share structure.
• Formation and capitalization by Athene Holding and Apollo Global Management of Athene Co-Invest Reinsurance Affiliate 1A, Ltd. (ACRA), a long-duration, on-demand capital vehicle funded by Athene and certain investment funds managed by Apollo.
• Formation and €2.1 billion initial capitalization of Athora Holding, a Bermuda-based insurance and reinsurance group founded by Apollo Global Management and Athene Holding, which provides specialty solutions to the European insurance market.
• Acquisition by Western & Southern Financial Group of Gerber Life Insurance Company from Nestlé S.A. for US$1.55 billion.
• Acquisition of Catalina Holdings by Apollo.
• Acquisition of Fortress Investment Group’s ownership in OneMain Financial by Apollo for US$1.4 billion.