Case Studies

Carve-out

Helped management identify, value and reposition $40B of strategic Life and Annuity runoff contracts. Business originally domiciled in the US was ceded to a newly created 953(d) in Bermuda. Cedant received significant capital relief and ultimately exited the business for $2B+ to private equity.

Reinsurance

Helped management plan for and execute reinsurance treaties of non-core insurance portfolios, flow business and insurance asset sales. During that time, a significant investment was made into the platform that required PGAAP. Financial modeling and reporting for these transactions was delicate and complex.

Capital Gain Harvesting

Worked with management to strategically identify capital gains that could be utilized towards a DTA with a valuation allowance, with the goal to maintain the character of the cash flows for proper asset-liability cash flow matching.

Distressed M&A

Worked with client and counsel to properly analyze economics related to a real estate asset in Chapter 7 Bankruptcy. The deal ultimately concluded with an asset purchase and recapitalization that created significant Alpha for the client.

Estate Executor

Worked with client and counsel to identify and monetize estate assets. The engagement required close coordination with counsel to navigate estate laws and to ensure highest possible fair market value for asset and security monetization, while properly navigating tax laws.