Clyde & Co advises Zurich on acquisition
Clyde & Co advised Zurich Insurance Group on its acquisition of American International Group’s (AIG) global personal travel insurance and assistance business, including Travel Guard. The business will operate as Zurich Cover-Moreand relocate its headquarters to the US.
Roshanak Bassiri Gharb comments: “This transaction was unique and complex, involving over 40 jurisdictions and requiring adherence to tight deadlines.”
The team
Clyde & Co acted as co-lead legal counsel to Zurich, and the Dubai office of the firm led the deal. The team was led by partners, Roshanak Bassiri Gharb (corporate & corporate insurance, Dubai/Abu Dhabi), Peter Hodgins (head of global corporate insurance, Dubai), and Ben Brown (employment, Dubai). It also included associates Vyasna Mahadevey (corporate insurance, Dubai), and Kassem Ayad Mansour (corporate, Cairo), senior associates David True (employment, Dubai), and Susan Romana (employment, Riyadh), and trainee Karen Gabriel (corporate, Cairo).
They were also supported by team members in Clyde & Co offices in the Middle East and Africa (Cairo, Johannesburg, Nairobi, and Riyadh), Asia Pacific (Hong Kong ,Melbourne ,Shanghai, Singapore, and Sydney), Europe (Madrid, Munich, Milan, and Paris), and Latin America (Mexico City, Santiago, and Sao Paulo).
Local correspondent firms in Belgium, Bermuda, Canada, Cyprus, Denmark, Ecuador, Finland, Greece, Indonesia, Ireland, Israel, Japan, Korea, Luxembourg, Malaysia, Netherlands, Norway, Philippines, Portugal, Puerto Rico, Sweden, Switzerland, Thailand, and Vietnam provided further support.
