Dorsey & Whitney (Europe) LLP has advised PIB Group Limited, an insurance intermediary business, on its acquisition of Alto Insurance Group Limited (Alto).
Alto is the holding company of the COBRA group of companies (“COBRA”) which is a network-centric proposition to independent insurance intermediaries providing a wide range of services for its Network members, agents and clients through its four main operating platforms: COBRA network, COBRA Underwriting Agencies, COBRA London Markets and COBRA Insurance Brokers.
The Dorsey transaction team was led by corporate partner Kate Francis with support from corporate associates, David Elphinstone and Christina Samaan, real estate partner Melissa Moyle and tax partner Mike Cashman.
Several Dorsey offices are active in representing insurance-industry companies directly, with the London office being among the standouts—particularly as it relates to M&A work. Dorsey also has solid experience in insurance-industry M&A work in the U.S., China and elsewhere. Beyond M&A, we advise insurance companies and insured entities on a variety of other matters, including insurance coverage counseling and insurance litigation.