John M. Vasily is Co-Chair of the firm’s Financial Institutions Group. His practice is dedicated to handling insurance M&A deals, public and private, in the United States and other major markets. Mr. Vasily occupies a unique space in the insurance transactional market, focusing his practice on significant U.S. insurance M&A deals as well as transactions in emerging markets, including Asia, Africa, Latin America, Russia and Europe.
Few, if any, lawyers practicing in the insurance space have done as many deals, in as many countries, as Mr. Vasily. Among his recent third-party reviews:
- -Classed as “Highly Regarded” by the IFLR1000 2019 for M&A in the Banking, Financial services, Insurance and Investment management sectors.
- -A leading lawyer and a member of the Hall of Fame in The Legal 500 US 2018 for insurance transactional work
- -Ranked by Chambers USA 2018 for Financial Institutions M&A, where he has been described as “a superb lawyer with a very good business sense” who “advises principally on mergers and acquisitions with an international element.”
- -Named by Super Lawyers 2018 as a leading M&A attorney.
- -Named The American Lawyer’s “Dealmaker of the Year” (2011) for his representation of AIG in its global asset disposition program to repay the United States government.
The Debevoise Insurance Group, which Mr. Vasily co-chairs, has received many awards as a leading global insurance practice, including:
- -Ranked in Band 1 for Insurance: Transactional & Regulatory by Chambers USA and Chambers Global 2019
- -Chambers US (2016) Award for Excellence in Insurance.
- -Law 360 (2016, 2017) Insurance Practice Group of the Year.
- -The Legal 500 US (2014, 2015, 2017) Financial Services Team of the Year.
Mr. Vasily has been an adjunct professor of law at Georgetown University Law School since 2002, lecturing on international securities laws. He received a J.D. from Georgetown in 1982 and a B.S. from Villanova University in 1979.
Mr. Vasily serves on the Board of Visitors of the Georgetown University Law Center and on the Advisory Board for the Law Center’s Corporate Counsel Institute. He is a recent recipient of the Law Center’s Paul R. Dean award, awarded to distinguished alumni.
- AXA and AXA Equitable Holdings on the initial public offering of AXA Equitable Holdings on the New York Stock Exchange for approximately $4 billion, and AXA Equitable Holdings in its offering and sale of $3.8 billion of senior notes.
- AXA in the acquisition of Bermuda-based XL/Catlin Group for $15.3 billion in connection with insurance M&A and regulatory matters.
- Prudential Financial in its minority stake investment in Peak Reinsurance.
- American International Group in its $5.56 billion acquisition of Validus Group, a Bermuda-based, NYSE-listed, (re)insurance company.
- AmTrust Financial Services in a strategic transaction with Madison Dearborn for a portion of AmTrust’s U.S. fee businesses valued at $1.15 billion.
- Prudential Financial in its life insurance joint venture with CT Corp in Indonesia.
- Prudential Financial, as the primary investor in LeapFrog Strategic African Investments (LSAI), in LSAI’s $180 million investment in Ghanaian financial services market leader Enterprise Group.
- American International Group in several transactions with Fairfax Financial, a leading global property and casualty insurer and reinsurer, as part of a strategic partnership in 12 jurisdictions across Latin America and Central and Eastern Europe.
- AmTrust Financial Services in its $219 million acquisition of ANV Holding, a Lloyd’s platform.
- Prudential Financial in the acquisition by its subsidiary, Prudential do Brasil Seguros de Vida of the group life insurance operations of Itaú Unibanco in Brazil.
- Prudential Financial in its $350 million partnership with LeapFrog Investments, targeting investments in life insurance companies in Africa.
- Anbang Insurance Group in its proposed $1.6 billion acquisition, later terminated, of Fidelity & Guaranty Life.
- AXA in its agreement with SulAmérica to acquire 100% of its Large Industrial and Commercial risks insurance business in Brazil.
- Prudential Financial in its acquisition of a 40% interest in Administradora de Fondos de Pensiones Habitat, a leading provider of retirement services in Chile, for a total purchase price of approximately $550 million.
- AXA in the sale of its mandatory pension business in Hong Kong to the Principal Financial Group.
- Zurich Insurance in the sale of Zurich Russia’s general insurance business to Olma, and restructuring of its Russian global corporate business.
- American International Group in the $7.6 billion sale of its 100% interest in International Lease Finance Corporation to NYSE-listed AerCap Holdings N.V.
- AXA in its acquisition of 51% of Mercantil Colpatria’s insurance operations in Colombia for COP 672 billion.
- Global Atlantic Financial Group in its acquisition of the life insurance business of Aviva USA.
- Goldman Sachs in the formation, separation and disposition of Global Atlantic Financial Group.
- Prudential Financial in its acquisition of The Hartford’s Individual Life Insurance business.
- New York Life Insurance Company in the sale of its Mexico surety subsidiary, Fianzas Monterrey, to ACE Group, for about $285 million.
- Prudential Financial in the sale of its real estate brokerage and relocation business to Brookfield Residential Property Services.
- Prudential Financial in its sale of Afore XXI, a Mexican private pension manager, to Banorte.
- American International Group in its $2.16 billion sale of its 97% interest in Nan Shan Life Insurance Company to Ruen Chen Investment Holding Co. and Pou Chen Corporation.
- Harbinger Group in its $350 million acquisition of Old Mutual U.S. Life Holdings.
American International Group in the tender offer by Chartis Japan Capital to acquire the remaining shares of Fuji Fire and Marine Insurance Co.
- Prudential Financial in its strategic cooperation with Fosun Group, China’s leading private investment company, to establish a $600 million private equity fund and a related joint venture in the PRC.
- American International Group and AIA Group in AIA’s spin-off from AIG and $20.51 billion initial public offering and listing in Hong Kong, constituting the largest IPO in Hong Kong’s history and the world’s largest IPO in the insurance sector.
- American International Group in the proposed sale, later terminated, of AIA Group Limited to Prudential plc for $35.5 billion.
- Prudential Financial in the $425 million sale of its South Korean investment and fund management business, Prudential Investment & Securities Co. Ltd. and Prudential Asset Management Co., to Hanwha Securities Co.
- Prudential Financial in its $4.5 billion sale of a noncontrolling interest in its joint brokerage venture, Wells Fargo Advisors, to Wells Fargo.
- American International Group (AIG) and American International Assurance Company in AIG’s agreement with the Federal Reserve Bank of New York to reduce the debt AIG owes the FRBNY by $25 billion and position AIA and American Life Insurance Company for initial public offerings.
- American International Group in its proposed $2.2 billion sale of Nan Shan Life Insurance Company, Ltd., the Taiwan life insurance company, to Primus Financial Holdings Limited and China Strategic Holdings Limited. This transaction was named “Deal of the Year” by Asian Counsel.
- AXA Group in its $1.5 billion acquisition of ING Seguros, the Mexican insurance subsidiary of ING Groep.
- Prudential Financial in Prudential’s participation as the strategic investor in a consortium with The Carlyle Group that purchased 24.9% of China Pacific Life Insurance Co., a leading Chinese life insurance company.
- Prudential Financial in the combination of its retail securities business, Prudential Securities with Wachovia Securities to create the third largest brokerage firm in the United States, and subsequent matters related to the joint venture.
- Bank of New York in its acquisition of an 80% interest in Alcentra Group, a UK-based sub-investment grade debt advisor and sponsor of collateralized debt funds.
- Prudential Financial in its acquisition of Aoba Life Insurance, a Japanese life insurance company.
- Prudential Financial in the sale of its Mexican asset management business to Grupo Actinver.
- Prudential Financial in the acquisition of a 50% interest in Afore XXI, a Mexican private pension manager.
- American International Group in the acquisition of Central Insurance Co., a Taiwan property and casualty insurance company, in the first “going private” transaction in the financial services sector in Taiwan.
- Georgetown University Law Center, 1982, J.D.
- Villanova University, 1979, B.S.
- New York
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