November 18, 2020
Weil is advising CIBC and another financial institution on U.S. and U.K. issues in providing bridge and term loan credit facilities for Intact Financial Corporation (Intact) to finance in part the £7.2 billion acquisition of RSA Insurance Group plc, a U.K.-based focused international insurance group, with strong positions in the large general insurance markets of the U.K., Scandinavia and Canada, by Intact and Tryg A/S. The acquisition is expected to close during the second quarter of 2021, subject to customary regulatory and shareholder approvals.
The U.S. and U.K. Weil team advising the banks is led by Banking & Finance partner Morgan Bale and includes Banking & Finance partner Chris McLaughlin, Banking & Finance counsel Mark Davis and Banking & Finance associates Evan Nichols and Nick Nikic. The team also includes M&A partner David Avery-Gee; M&A senior consultant Ian Hamilton; M&A associate Jack Gray; Capital Markets partner Faiza Rahman; Capital Markets associates Kristen Gould and Sarah Lipinski; and Regulatory counsel Timothy Welch.