Simpson Thacher is representing TIH in connection with its definitive agreement to sell its McGriff Insurance Services business (“McGriff”) to an affiliate of Marsh & McLennan Companies, Inc. (“Marsh”) for $7.75 billion in cash, subject to certain customary adjustments. The transaction is targeted to close by year-end, subject to the satisfaction or waiver of certain limited customary closing conditions, including regulatory approval.
An affiliate of TIH, McGriff is a full-service insurance broker providing risk management and insurance solutions to clients across the United States. The firm’s coverages include commercial property and casualty, corporate bonding and surety services, cyber, management liability, captives, and alternative risk transfer programs, small business, employee benefits, title insurance, personal lines, and life and health.
Simpson Thacher represented funds managed by Stone Point Capital LLC in connection with their acquisition of TIH, together with funds managed by Clayton, Dubilier & Rice, LLC, earlier in 2024, as well as Stone Point’s minority investment in TIH in 2023.
The Simpson Thacher team includes: Elizabeth Cooper, Mark Viera, Malik Ladhani, Lawrence Page, Jacob Kornman, and Bret Johanneson (M&A); Benjamin Rippeon, William Smolinski, Edward Grais, and Michael Slomovics (Tax); David Rubinsky, Jamin Koslowe, and Sara Mazurek (ECEB); Steve DeLott (Insurance); David Blass, Meredith Abrams and Nicolas Valderrama (Regulatory); Dennis Loiacono (Real Estate); Lori Lesser and Bobbie Burrows (IP); Ken Wallach and Jessica Asrat (Capital Markets); Toby Chun and Noreen Lavan (Environmental); Vanessa Burrows and Jake Madden (HIPAA); Erica Rozow and Jeanne Annarumma (ERISA); and Peter Guryan and Richard Jamgochian (Antitrust).