Andrew S. RowenOf Counsel
Andrew S. Rowen joined Sullivan & Cromwell in 1979 and now serves of counsel, having been a partner of the Firm from 1987 through 2014. He was coordinator of S&C’s Insurance Group for twenty-four years prior to his retirement.
Mr. Rowen’s practice includes: acquisitions/divestitures and other change of control transactions, including insurance regulatory approvals and antitrust advice; Dodd-Frank advice; public and private securities offerings and advising as to SEC disclosure issues and inquiries; corporate governance; regulatory investigations; demutualizations and mutual holding company formations; the establishment of offshore companies; private equity investments in and by insurers; reinsurance, the securitization of insurance risks and insurance derivatives; and various insurance regulatory matters.
Mr. Rowen has been directly involved in many of the major transactions handled by the Firm’s Insurance Group, such as Swiss Re’s sales of portions of Admin Re to Jackson National and RGA; Pacific Life’s purchase of the life retrocession business of Manulife Financial; IPC’s sale to Validus; the Hancock/Manulife and Dexia/FSA combinations; AIG’s contested battle for ABIG; Prudential’s demutualization; IPOs of Allstate, FGIC, IPC, Platinum, PMI, Prudential, and XL; Allstate’s spin off from Sears; the private establishment of a number of offshore reinsurers; securities and reinsurance placements for Unum; representation of investors in the first LBO of an insurer (Underwriters Re, 1987); many of the insurance acquisitions for the Firm’s private equity clients; securitization transactions for various insurers; and several transactions with insurers in rehabilitation. Mr. Rowen sometimes advises clients as to the insurance regulatory aspects of their defensive profile. Mr. Rowen also frequently participates together with the Firm’s litigators in various litigation and regulatory investigation assignments for insurers.
Mr. Rowen regularly practices before the NYS Department of Financial Services. Mr. Rowen has served on the Association of the Bar of the City of New York’s Committee on Insurance Law (2003-2006) and chaired its legislation subcommittee.
- The Legal 500, United States (2011-2015, 2017)
- The Best Lawyers in America (each year 2006-2018)
- Chambers USA: America’s Leading Lawyers for Business (each year 2003-2018)
- IFLR’s Mergers & Acquisitions Yearbook (2005)
- Euromoney’s Guide to the World’s Leading Capital Markets Lawyers (2003)