Mayer Brown represents ACE Limited on $865 million acquisition of Mexican insurer ABA Seguros
18 October 2012
Mayer Brown, a leading global law firm, announced today that it represented ACE Limited on a definitive agreement to acquire ABA Seguros from Ally Financial Inc. for approximately $865 million. ABA Seguros is Mexico’s sixth-largest property and casualty (P&C) insurer and provides auto, homeowners and small business coverages. The ACE Group is one of the world’s largest multiline property and casualty insurers.
The Mayer Brown team included: Corporate & Securities partners Eddie Best, Bill Kucera (both Chicago) and Linda Rhodes (Washington, DC), and associate Nina Flax (Chicago) and Colin Carley (New York); Tax Transactions & Consulting partners Jim Barry and Lee Morlock and associate Steve Garden (all Chicago); Employment & Benefits counsel Karen Grotberg (Chicago); IP partner Rich Assmus (Chicago); and Litigation & Dispute Resolution partner Bill Michael (Chicago).