Übersicht

Stephen G. Rooney is Co-leader of Mayer Brown's Global Insurance Industry Group and is based in New York. He practices in the areas of securities offerings, structured finance and mergers and acquisitions. Over the past 25 years, he has represented issuers and underwriters in connection with domestic and international offerings of equity, debt and hybrid securities, and he has extensive experience in negotiating and structuring M&A within the insurance and financial services industries. Stephen also counsels domestic and international clients on corporate governance matters and director fiduciary duties.

Stephen has served as transaction counsel in a variety of insurance-linked securities offerings and other structured financings, including numerous catastrophe bond offerings; the first securitization of life insurance regulatory reserves; the first securitization of private equity investment portfolios; and the first securitization of insurance policy loans. He has advised on more than 100 insurance‐linked securities offerings and reinsurance side‐car formations in the last six years alone.

Stephen was named a "Dealmaker of the Year" for 2014 by the American Lawyer for his role as transaction counsel in the first-of-its-kind catastrophe bond offering for New York's Metropolitan Transportation Authority (MTA). He has also been recognized as a leading insurance industry transaction lawyer in Chambers USA and Who's Who Legal: Insurance and Reinsurance.

Erfahrung

Mergers and Acquisitions

  • The Hartford in its $2.1 billion agreement to acquire The Navigators Group
  • The Hartford in its $1.5 billion acquisition of the group life and disability business of Aetna
  • Aegon in the $5.4 billion sale of Transamerica Finance commercial finance business to GE
  • Scottish Re in the $1.3 billion divestiture of a portion of its US business to Hannover Re (Germany)
  • Telefonica in the $900 million tender offer for the minority shareholdings of Compania de Telecomuniciones de Chile ("CTC")
  • The financial advisor in Chubb's $1.5 billion acquisition of Executive Risk
  • Scottish Re in the acquisition of control by Cerberus and Mass Mutual Capital
  • Sun Life in its $4 billion acquisition of Clarica Life Insurance Company
  • Scottish Re in the acquisition of the US life reinsurance business of ING

Structured Finance

  • Scottish Re in the $2.1 billion securitization of term life insurance regulatory reserves through Ballantyne Re plc
  • Genworth Financial in its subsidiary's $2 billion securitization of term life insurance regulatory reserves
  • AON in its securitization of private equity investments
  • Bristol-Myers Squibb in a $1.4 billion pension de-risking transaction with The Prudential
  • Catastrophe bond and other insurance-linked securities offerings sponsored by Allstate, Amtrak, Arch Capital, Argo, Citizens (Florida), XL Catlin, China Re, Generali, Kaiser Permanente, Liberty Mutual, Louisiana Citizens, Massachusetts Property Insurance Underwriting Association, Metropolitan Transit Authority, Mitsui Sumitomo, Munich Re, Nationwide, North Carolina JUA, PG+E, QBE, Sompo/Nipponkoa, SCOR, Scottish Re, State Farm, Travelers and Zenkyoren, among others

Initial Public Offerings; Securities Offerings

  • Sun Life Financial Services of Canada in its $2 billion global IPO
  • Scottish Re Group Ltd. in numerous public offerings of convertible debt, hybrid and equity securities
  • Morgan Stanley as underwriter in the global IPO of IPC Re and follow‐on equity offering
  • FBR as underwriter in the 144A IPO of National General
  • J.P. Morgan as lead underwriter in a $400 million surplus note 144A offering by Nationwide Mutual
  • Oberthur Card Systems (France) in its international IPO
  • Banco Nacional de Mexico, S.A. ("Banamex"), in raising more than $8 billion in numerous international capital markets transactions
  • Bank of Butterfield (Bermuda) in multiple private subordinated debt offerings Coca‐Cola Embonor, S.A., of Chile in its IPO in the US of high‐yield debt and ADRs

Ausbildung

Fordham Universität, JD

The Wharton School, University of Pennsylvania, BS, Economics

Zulassung

Bar

  • New York

Gericht

  • US Supreme Court

Berufliche Aktivitäten

  • Board of Trustees, Inner City Scholarship Fund (2005-present)
  • Trustee of the Village of Pelham Manor (1995-2003); Mayor (2003-2005)
  • Law Clerk, Hon. Kevin Thomas Duffy, US District Judge, SDNY, (1980-1982)