Joseph T. Verdesca


Joseph Verdesca
Joe Verdesca is a partner in Weil’s Corporate Department and has served in the Firm’s Insurance practice group since 1993. He is also a member of the Cybersecurity, Data Privacy and Information Management group. Mr. Verdesca’s focus consists of insurance-related mergers & acquisitions, private equity investments and restructurings.

Mr. Verdesca has participated in a number of prominent insurance-related M&A, private equity, restructuring and securities transactions, and is named a “Best Lawyer” for Insurance Law in New York by Best Lawyers in America and is recommended in Business/Corporate by Super Lawyers. Examples of Mr. Verdesca’s experience include:

  • representation of Willis Group Holdings plc in its $18 billion merger of equals with Towers Watson & Co.;
  • representation of General Electric Capital Corporation in its $32 billion sale of its global Commercial Distribution Finance, North American Vendor Finance and North American Corporate Finance platforms to Wells Fargo & Co.;
  • representation of GDF SUEZ Energy North America, Inc. in its pending $3.3 billion sale of its portfolio of electric generating plants in Texas, New England, and the Mid-Atlantic states to Atlas Power Finance, LLC, and in its $1.2 billion sale of FirstLight Power Resources Holdings, Inc. to Public Sector Pension Investment Board;
  • representation of the Superintendent of Financial Services of the State of New York, as rehabilitator of Financial Guaranty Insurance Company;
  • extensive additional restructuring and risk mitigation work in the financial guaranty insurance arena, including on behalf of Syncora, MBIA, FGIC and Ambac UK;
  • representation of private equity firms including Goldman Sachs, CVC Capital, Guggenheim Capital, Macquarie Capital, Summit Partners, Providence Equity, Lee Equity, Snow Phipps Group and Capital Z in insurance-related investments, dispositions, reinsurance, financings and take private transactions;
  • representation of Morgan Stanley and Goldman Sachs, as financial advisors to XL Group plc, a global provider of property, casualty and specialty insurance and reinsurance, in its £2.79 billion acquisition of Catlin Group Limited;
  • representation of AK Steel Corporation in its $700 million acquisition of integrated steelmaking assets in Dearborn, Michigan from Severstal;
  • representation of Eli Lilly and Company in the acquisition by Elanco, its animal health division, of Lohmann SE;
  • representation of Signet Jewelers in its approximately $1.4 billion acquisition of Zale Corporation;
  • representation of Harsco Corporation in its approximately $525 million sale of its infrastructure division;
  • representation of UnitedHealth in connection with its acquisition of PacifiCare;
  • representation of GE in connection with the acquisition and disposition of most of its insurance businesses, as well as the spin-off and initial public offering of Genworth; and
  • the restructuring of Empire Blue Cross and Blue Shield.

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