S&C Advises AIG in $3.4 Billion Sale of United Guaranty Corp. to Arch Capital Group Ltd.

August 15, 2016

S&C is representing American International Group, Inc. in its agreement to sell its 100 percent interest in United Guaranty Corporation, a writer of private mortgage insurance, to Arch Capital Group Ltd. (Bermuda) for $3.4 billion. The transaction is pursuant to the business strategy outlined by AIG in March 2015 to sculpt AIG into a more focused company and follows the announced IPO of United Guaranty made earlier this year.

The S&C team includes Mr. DeLaMater and Mr. Fishman advising on corporate matters, Mr. Wang advising on tax matters, Ms. Coleman advising on executive compensation and benefits matters, Mr. Estes advising on financing matters, Mr. Wiseman and Mr. Gerlach advising on regulatory matters, and Mr. Rodriguez advising on antitrust matters.