Lawyers

William Torchiana joined Sullivan & Cromwell in 1986 and has been a partner in the Firm’s Financial Services Group since 1995. He has broad-based experience in transactional and regulatory matters involving international and domestic insurance and reinsurance companies and other financial institutions. In addition to domestic and cross-border corporate finance transactions, Mr. Torchiana has advised a number of foreign financial institutions on their acquisitions of U.S. and non-U.S. insurers and reinsurers.

Mr. Torchiana was the managing partner of the Firm’s Paris office from 2004-2018.

Professional Activities and Community Involvement

• Member, Insurance Policy Advisory Committee (IPAC) (2022 - 2025 term), United States Federal Reserve
• ​Chair, International Bar Association (IBA) Insurance Law Committee (2020-2021 term)
• ​Past Insurance Committee Member, ABCNY
• Past Chairman, Board of Trustees, The American Library in Paris
• President, American Library in Paris USA Foundation
• Member, Board of Governors, American Hospital of Paris

SELECTED REPRESENTATIONS

• The transfer of certain Allianz’s investment assets totaling $120 billion and related portfolio management teams to Voya
• The acquisition of Sound Harbor Partners by Allianz Global Investors
• The acquisition of Chubb Ltd. by ACE
• The sale of Paris Re to PartnerRe Ltd.
• The acquisitions by ING Group of Equitable, ReliaStar and Aetna
• The sale by ING Group of its Latin American insurance, pensions and wealth management businesses
• The acquisition by AXA of Winterthur Group from Credit Suisse
• The acquisitions by Anthem of Trigon Healthcare and WellPoint
• The pre-demutualization investment in MONY by Goldman Sachs-affiliated funds
• The investment by Allianz SE in Hartford Financial Services
• The sale by Ford of Ford Life Insurance Company
• The sale by AXA of its reinsurance business to a private equity consortium
• The sale by BBVA of its pension businesses in Peru, Mexico, Chile and Colombia and of BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA

• The largest insurance company public offering in the United States (Allstate)
• U.S. listings or global offerings by ING Group (Netherlands), Allianz (Germany) and SCOR (France)
• The first mutual holding company IPO and subsequent demutualization (AmerUs Group)
• Numerous other public offerings, Rule 144A offerings, demutualizations, conversions and other transactions involving U.S. and non-U.S. insurance and reinsurance companies
• The privatizations of UAP (France) and INA (Italy)
• Financings for insurers and reinsurers in Bermuda, Latin America, Europe and other non-U.S. jurisdictions
• Offshore insurance/reinsurance securitization and derivative transactions involving the transfer of catastrophe, mortality and life/health risks to the capital markets by Aura Re, Atlas Re, Blue Fin Ltd., Mosaic Re, Osiris Capital plc, Pacific Re, Trinity Re and others