Mayer Brown, a leading global law firm, announced today that it represented ACE Limited on a definitive agreement to acquire ABA Seguros from Ally Financial Inc. for approximately $865 million. ABA Seguros is Mexico’s sixth-largest property and casualty (P&C) insurer and provides auto, homeowners and small business coverages. The ACE Group is one of the world’s largest multiline property and casualty insurers.
The Mayer Brown team included: Corporate & Securities partners Eddie Best, Bill Kucera (both Chicago) and Linda Rhodes (Washington, DC), and associates Nina Flax and Megan Kamdar (both Chicago) and Colin Carley and Nathan Tylwalk (both New York); Tax Transactions & Consulting partners Jim Barry and Lee Morlock and associate Steve Garden (all Chicago); Employment & Benefits counsel Karen Grotberg (Chicago); IP partner Rich Assmus (Chicago); and Litigation & Dispute Resolution partner Bill Michael (Chicago).
