Mayer Brown was one of six firms advising various clients on a cross-border insurance deal announced Sept. 14. Zurich-based property and casualty insurer ACE has agreed to pay $1.1 billion in cash for the remaining 80 percent stake it doesn't own in Johnston, Iowa-based crop insurer Rain and Hail Insurance Service. Edward Best, cochair of the capital markets and financial institutions practice groups at Mayer Brown, led a team from the firm advising ACE on the deal.
September 16, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Mayer Brown was one of six firms advising various clients on a $1.1 billion cross-border insurance deal announced Sept. 14.
Zurich-based property and casualty insurer ACE Limited has agreed to pay $1.1 billion in cash for the remaining 80 percent stake it doesn’t own in Johnston, Iowa-based crop insurer Rain and Hail Insurance Service.
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