International law firm Freshfields Bruckhaus Deringer has advised Admin Re, one of Swiss Re’s three business units through which it acquires blocks of in-force life and health insurance business in relation to the acquisition of selected life insurance business from MetLife subsidiary, American Life Insurance Company.

Swiss Re will acquire approximately 300,000 policies and GBP 1.6 billion in assets from American Life Insurance Company. The transaction demonstrates Swiss Re’s commitment to strengthening its Admin Re market presence. The acquisition builds on Swiss Re’s successful track record in completing more than 50 Admin Re transactions globally since 1998. 

The Freshfields team advising on the deal was led by corporate partner Philip Richards supported by corporate senior associate Lauren Honeyben and associate Alexis Hopwood, IP/IT senior associate Stuart Goldberg and associate Tony Gregory, tax senior associate Todd Kramers and employment senior associate Susan Doris.