Mayer Brown represented The Hartford Financial Services Group, Inc. (NYSE:HIG) in connection with its deal to acquire The Navigators Group, Inc. (NASDAQ:NAVG) for approximately $2.1 billion.
The acquisition is subject to approval by Navigators’ shareholders and other customary closing conditions, including regulatory approvals. It is expected to close in the first half of 2019. Navigators is a global specialty underwriter with operations in the US, the UK, Belgium and Hong Kong, including an established presence at Lloyd’s of London. Navigators has approximately 820 employees globally who will join The Hartford upon closing. Approximately 600 of its employees are based in the US and 150 are located in the UK.
The Mayer Brown team was led by New York-based partner Stephen Rooney and Chicago-based partner Andrew Noreuil and included lawyers from the firm’s Corporate & Securities, Banking & Finance, Employment & Benefits, Pensions, Tax Transactions & Consulting, Intellectual Property and Antitrust & Competition practices in Brussels, Chicago, New York, London and Washington DC.