State Farm sells Canadian insurance operations to Desjardins Group in cross-border transaction

2 minute read
01 January 2015

On January 1, 2015, State Farm completed the sale of its Canadian businesses in property and casualty and life insurance, as well as its Canadian mutual fund, loan and living benefits companies, to Desjardins Group, the leading cooperative financial group in Canada.

The firm was Canadian counsel to State Farm in this transaction with a team led by Filomena Frisina (insurance regulatory/corporate/M&A), Peter Koch (insurance regulatory/corporate/M&A) and Stephen McKersie (corporate/M&A).

Other members of the team included Heather Gray, David Kim and Michael Garellek (insurance regulatory); Bryce Kraeker, Sean Gomes, Steven Cutler, Tal Cyngiser and Danielle Mulaire (corporate/M&A); Ash Gupta, Michael Bussmann, Gloria Geddes, David Stevens, Daniel Lacelle, Carl Hinzmann, Laura Gheorghiu, Gary Edwards and Laura Monteith (tax); Hugh Christie and Jordan Smith (employment); Daniel Hayhurst (pensions); Paul Dempsey (securities); Ian Macdonald (competition); Alan James (technology); Christopher Pibus and Natalie Rizkalla-Kamel (intellectual property); Michael Watson and Mark Crane (litigation); Mark McHughan (real estate); Rachel Conway (financial services); Christopher Oates (privacy); Alex MacFarlane and Patrick Shea (insolvency); and Harry Dahme (environmental).

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