The acquisition, which remains subject to regulatory approval, will include Somerset’s motor managing general agent, distribution capabilities through direct and aggregator channels, affiliated insurer and fully integrated claims operation.
The WBD team was led by corporate partner Tom Fitzpatrick. WBD has previously advised Arch on its acquisition of Barbican Group, an acquisition of Ardonagh's commercial lines business and also on a Brexit-related transfer of a portfolio of European insurance policies from London to Ireland.
Ranking in the UK's top 20 law firms, WBD provides legal expertise in its key sectors from across seven offices in the UK and 19 offices in the US. The firm has a large corporate practice in the UK advising national and international clients on a broad range of corporate transactions, particularly M&A, IPOs, joint ventures, private equity investments as well as growth and development capital fundraisings.