Perry Shwachman
Perry J. Shwachman is a Chicago lawyer and partner at Sidley Austin LLP. Shwachman specializes in insurance law. He attended University of Illinois at Urbana-Champaign for his undergraduate work, and University of Chicago for his Juris Doctorate, finishing cum laude in 1986.
Career
Shwachman is the leader of Sidley’s global Insurance group, and a member of the firm’s Management Committee and Executive Committee. He regularly counsels clients on a wide variety of matters involving the insurance industry. His clients include insurance companies, commercial and investment banks, investment managers and other financial institutions that transact with insurance companies.
For over 30 years he has advised clients on merger and acquisition, reinsurance, securities, insurance securitization, private equity, lending, derivative, structured product, structured investment vehicle and stable value transactions, as well as on insurance regulatory matters. Shwachman has been at the forefront in the development of life insurance securitizations and has helped structure some of the first embedded value, redundant reserve financing and catastrophic mortality linked securities transactions. In addition to life and health insurance, he also has substantial experience with property and casualty, financial guaranty and mortgage insurance matters.
Shwachman has been recognized by Chambers USA-America’s Leading Business Lawyers, PLC Cross-border Insurance and Reinsurance Handbook, and The Legal 500 US, and was selected for inclusion in The Best Lawyers in America® 2012–2019 in the field of insurance. In 2016, he received the International Law Office Client Choice Award for Insurance in Illinois, and received the Award for Insurance & Reinsurance (U.S.) in 2012. The Client Choice Award recognizes the “ability to add real value to clients’ business above and beyond the other players in the market” and winners may only be nominated by corporate counsel.
Shwachman was a certified public accountant (no longer active), having received a bronze medal for passing the 1983 CPA examination with the third highest score in the State of Illinois.[1]
Notable deals
- Apollo Global Management in its $2.6 billion acquisition of publicly traded Aspen Insurance Holdings.[2]
- Apollo Global Management and Varde Partners in the acquisition of Fortress Investment Group’s ownership in OneMain Financial for $1.4 billion.[1]
- Aquiline Capital in the acquisition of Armour Group and the related $500 million equity financing.[1]
- Apollo Global Management and Athene Holding in the acquisition from Voya Financial of Voya Insurance and Annuity Company, including Voya’s closed block variable annuity business, for approximately $500 million, and Athene’s agreement to reinsure $19 billion of Voya’s fixed and fixed indexed annuity liabilities.[3]
- The Hartford in the sale of its life insurance and annuity businesses for $2.05 billion to an investor group that included Global Atlantic, Cornell Capital, TRB Advisors, Pine Brook and J. Safra Group.[4]
- Apollo Global Management in the acquisition of Catalina Holdings.[5]
- Athene Holding in its $1.24 billion initial public offering.[6]
- Genworth in the sale of its lifestyle protection insurance business to AXA for €465 million.[1]
- The Hartford in the sale of its Japanese variable annuity business to ORIX for $1.4 billion.[1]
- Athene Holding in its acquisition of Aviva USA for $1.55 billion and simultaneous sale by Athene of the Aviva USA life insurance business to Global Atlantic.[1]
Personal life
Before Shwachman went on to practice law, he worked at his local Baskin-Robbins shop scooping ice cream.
He lasted one year at summer camp before realizing he was not cut out for the rustic lifestyle.
Shwachman lives with his wife and 3 children in the Chicagoland area.
Shwachman currently holds the world record for deadlift in both his age and weight class.
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Perry J. Shwachman". www.sidley.com. Retrieved 2019-06-15.
- ↑ "Sidley Represents Apollo in $2.6 Billion Acquisition of Publicly Traded Aspen". www.sidley.com. Retrieved 2019-06-13.
- ↑ "Sidley Advises Apollo and Athene in Voya Acquisition and Reinsurance Agreement". www.sidley.com. Retrieved 2019-06-13.
- ↑ "Sidley Advises The Hartford in $2.05 Billion Sale of Run-Off Life and Annuity Business". www.sidley.com. Retrieved 2019-06-13.
- ↑ "Sidley Advises Apollo on Its Acquisition of Catalina Holdings". www.sidley.com. Retrieved 2019-06-13.
- ↑ "Sidley Represents Athene in $1.24 Billion IPO, Among Largest Worldwide in 2016". www.sidley.com. Retrieved 2019-06-13.
This article "Perry Shwachman" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Perry Shwachman. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
