Skadden, Arps, Slate, Meagher & Flom is advising on two large insurance industry transactions that were announced Friday.

The firm is taking the reins for buyout firm TPG on its purchase of The Warranty Group from private equity owner Onex Corporation for $1.5 billion, including the assumption of debt.

In the second deal, Skadden is serving as lead transaction counsel for insurance company Wilton Re Holding Ltd. in connection with its sale to the Canada Pension Plan Investment Board (CPPIB) in a deal worth $1.8 billion.

TPG’s deal is a secondary buyout that will see the private equity firm take over a company that underwrites extended warranty contracts and manages insurance claims for clients in the distribution, manufacturing and retail industries. (TPG has also been in the news this week for being among the investors set to plow money into Airbnb Inc. in a financing round that reportedly values the Web-based lodging rental service at more than $10 billion, according to Bloomberg.)

Onex bought The Warranty Group—which employs about 1,800 people—from Aon Corporation in 2006 with equity investment of roughly $500 million. TPG’s acquisition is expected to close in the third quarter, pending regulatory approval.

Skadden is advising TPG with a team that includes New York–based financial institutions partners Sven Mickisch and William Rubenstein, as well as insurance partner Robert Sullivan, banking partner Stephanie Teicher, tax partner Jessica Hough and investment management partner John Caccia. Skadden associates on the deal are James Greifzu and Jon Hlafter. Skadden advised the board of Caesars Acquisition Company—a holding company for TPG’s and Apollo Global Management’s stake in a venture fund also owned in part by casino operator Caesars Entertainment—in a $2.2 billion restructuring deal earlier this month.

Former Cravath, Swaine & Moore partner Ronald Cami is TPG’s general counsel.

Kaye Scholer is representing both The Warranty Group and Onex in connection with the Onex sale. New York–based senior corporate partner Joel Greenberg is leading the firm’s team, which also includes corporate partner Thomas Yadlon, compensation and benefits partner Jeffrey London, tax chair Laurie Abramowitz, capital markets partner Christopher Peterson, finance partner Sheryl Gittlitz, antitrust partner Sebastian Jungermann, tax counsel Gregg Benson and regulatory counsel Peter Danias. The Kaye Scholer associates working on the deal are Connie Ericson, Sharon Obialo, Tracy Romano, Stephen Sandiford and Brian Witkowski.

Onex’s general counsel is Andrea Daly.

Onex is a frequent Kaye Scholer client, having turned to the firm on such past transactions as its $2.3 billion purchase of USI Insurance Services from Goldman Sachs in 2012.

In the second big insurance deal announced Friday, pension fund manager CPPIB has agreed to pay $1.8 billion to acquire Wilton Re, a Wilton, Conn.–based provider of insurance and reinsurance services that also buys closed blocks of life insurance policies.

Toronto-based CPPIB is acquiring Wilton Re from a group of investors led by Stone Point Capital, Kelso & Co. and Vestar Capital Partners. The deal is expected to close before August, pending regulatory approvals.

Debevoise & Plimpton is representing CPPIB on the purchase with a team led by New York–based corporate chair Jeffrey Rosen and financial institutions cochair Nicholas Potter.

The Skadden team advising Wilton Re and its board includes New York–based financial institutions partners Todd Freed and Sven Mickisch as well as tax partner Jessica Hough, corporate finance partner Dwight Yoo, banking partner Steven Messina and associate Joseph Roy.

Sutherland Asbill & Brennan, meanwhile, has also landed a role on the transaction. The firm is advising Wilton Re on benefits matters with a team that includes Washington, D.C.–based compensation and benefits partner Carol Weiser and tax partner Michael Miles, along with tax counsel Christopher Schoen.