Elena Coyle is co-head of Skadden’s insurance M&A and reinsurance practices. She advises on a diverse range of complex corporate transactions on behalf of insurers in the life and annuity, health, long-term care (LTC), property and casualty and surety markets, as well as on related regulatory representations. Ms. Coyle also represents private equity clients, asset managers and other investors in the insurance, financial services and fintech sectors.
Coyle’s experience includes counseling on mergers, acquisitions and divestitures (both domestic and cross-border), reinsurance (both in-force and flow), renewal rights transactions, mutual transactions, capital markets transactions, sidecars, insurance-linked securities, intercompany reorganizations and restructurings, as well as advising insurance clients in evaluating new and emerging transaction structures, including divisions and insurance business transfers.
Lawdragon Honors
| Honor | Year | Practice |
|---|---|---|
| The 2027 Lawdragon 500 Leading Dealmakers | 2027 | Financial Institutions, M&A, Insurance |
| The 2026 Lawdragon 500 Leading Lawyers in America | 2026 | Insurance M&A, Reinsurance |
| The 2026 Lawdragon 500 Leading Dealmakers in America | 2026 | Financial Institutions, M&A, Insurance |
| The 2025 Lawdragon 500 Leading Dealmakers in America | 2025 | Financial Institutions, M&A, Insurance |
Selected matters include:
Life and Annuity Insurance Representations:
- American Equity Life Holding Company and its subsidiaries in a number of transactions
- Global Atlantic and its affiliates in a $10 billion reinsurance transaction with affiliates of Manulife Financial Corporation
- FGL Holdings and its subsidiaries in a number of transactions, including:
- the sale of F&G Reinsurance Ltd. to Aspida Holdings Ltd., an indirect subsidiary of Ares Management Corporation
- a series of MYGA flow reinsurance transactions
- Manulife Financial Corporation and its subsidiaries, including John Hancock, in a number of transactions, including:
- a reinsurance transaction in which John Hancock ceded to New York Life Insurance Company a net 60% quota share of a closed block of approximately 1.3 million in-force participating life insurance policies written prior to John Hancock’s demutualizationMassachusetts Mutual Life Insurance Company and its affiliates in a number of transactions, including its:
- $2.35 billion sale of its retirement plans business to Empower Retirement
- $1.7 billion sale of MassMutual Asia Ltd. to an investor group including Yunfeng Financial Group Limited
- a reinsurance transaction in which John Hancock ceded to New York Life Insurance Company a net 60% quota share of a closed block of approximately 1.3 million in-force participating life insurance policies written prior to John Hancock’s demutualizationMassachusetts Mutual Life Insurance Company and its affiliates in a number of transactions, including its:
Health and LTC Insurance Representations:
- Express Scripts Holding Company in its $67 billion merger with Cigna Corporation
- Humana Inc. in a number of transactions, including its:
- sale of KMG America Corporation to Continental General Insurance
- proposed (but terminated) $37 billion merger with Aetna Inc.
- Social Capital Hedosophia in its $3.7 billion merger with Clover Health Investments Corp.
Property and Casualty and Surety Insurance Representations:
- American International Group Inc. and its affiliates in a number of transactions, including its:
- landmark syndicate, the largest ever to be launched through Lloyd’s, which will exclusively reinsure risks from AIG’s Private Client
- acquisition of Glatfelter Insurance Group
- Argo Group International in a loss portfolio transfer agreement with Enstar Group with an approximately $1.1 billion aggregate limit
- The Travelers Companies in the acquisition of InsuraMatch, a national digital independent insurance agency, from the Plymouth Rock Group
Other Insurance Representations:
- Thoma Bravo in connection with its more than $4 billion acquisition of Accelerant
- an international broker in insurance transactions with governmental-sponsored entities to facilitate access to global reinsurance markets
- redomestications, insurance license expansion initiatives, and broker and producer licensing projects