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The American Lawyer: Mayer Brown Advises ACE on $1.1 Billion Insurance Buy

9.16.10

Partner Mark Welker was mentioned in The American Lawyer's September 16, 2010, blog post profiling a $1.1 billion cross-border insurance deal.

ACE Limited, a Zurich-based property and casualty insurer, announced its agreement to pay $1.1 billion in cash for the remaining 80 percent stake it doesn't own in Johnston, Iowa-based crop insurer Rain and Hail Insurance Service.

Six law firms advised the two clients on the deal. Welker served as employee benefits and executive compensation counsel to Rain and Hail in the transaction.