Mayer Brown represented Pacific Life Insurance Company on its acquisition of the term life new business platform from Genworth Financial. The best-in-class technology and term-focused operational capabilities involved in this transaction will allow Pacific Life to offer a separate product suite that offers low-cost life insurance protection products to the mass market. The new term life business will be located in Lynchburg, Virginia.

The Mayer Brown team was led by Corporate & Securities partner David Alberts and counsel Joseph Castelluccio (both New York), and included lawyers from the firm’s Business & Technology Sourcing, Corporate & Securities, Employment & Benefits, Intellectual Property, Litigation & Dispute Resolution, Real Estate and Tax Transactions & Consulting practices. The team also represents lawyers from Mayer Brown’s New York and Chicago offices.