Bio

Daniel Rabinowitz advises clients in the insurance and reinsurance industry on a comprehensive range of transactional and regulatory matters, including mergers and acquisitions, capital markets, reinsurance, structured insurance products, restructurings, securitization and structured finance, reserve financing, pension de-risking, reorganizations, insurance-linked securities, capital standards, group solvency, insurance company investments, and corporate governance. From 2011 to 2014, he served as chair of the Insurance Law Committee of the New York City Bar Association. He is currently serving as a subcommittee chair within that body. In the area of insurance M&A, Dan was instrumental in obtaining New York and Tennessee insurance regulatory approvals, as counsel, for White Mountains Insurance Group in its $2.6 billion sale of Sirius International to CM International Holding PTE Ltd. in 2016. His recent insurance M&A experience also includes representing National General Holdings in two acquisitions, National Farmers Union Insurance and Direct General Insurance; Stone Point Capital in its acquisition of LegalShield; Lee Equity Partners in its acquisition of K2 Insurance Services; and OneBeacon on insurance matters in its sale to Intact. In the areas of reinsurance, pension de-risking and structured products, Dan has advised the trustee of HSBC Group’s UK pension scheme on U.S. matters in a £7 billion longevity insurance and reinsurance transaction with Prudential Insurance Co. of America. He also advised six large policyholders of Financial Guaranty Insurance Co. (FGIC) in a proposed $1.9 billion transaction involving Assured Guaranty and FGIC to reinsure and commute certain FGIC obligations. He has also represented holders of surplus notes of MBIA Insurance Corp. in a $325 million senior credit facility for MBIA in connection with claims arising out of MBIA’s exposure to the Zohar collateralized debt obligations. In addition, he assisted a unit of AXA XL in its structured insurance coverage of SHINE Medical Technologies. In 2021, Dan was named a National Law Journal Trailblazer for Insurance Law. He is recognized by Chambers USA as a leading practitioner in the insurance transactional and regulatory field. According to Chambers sources, Dan is “an amazing insurance regulatory attorney who knows all the issues” (2020) and “combines a superb knowledge of the law with deep commercial insights to deliver excellent legal advice” (2022). He is “particularly strong in understanding the nuances of our unique situation so that he can better advise us on how to accomplish our ultimate objectives” (2021), and is "extremely pragmatic, collaborative and with quick turnarounds” (2022). Clients describe Dan as a “commercial and business-minded lawyer” who “applies his judgment to provide holistic advice” (2019), “a solution seeker and finder” (2016) and a “subject area expert in terms of both insurance and reinsurance” who is “able to respond quickly to issues that are time-sensitive” (2017). In 2019, Dan received the Burton Award for Legal Writing for his article in the New York Law Journal, “Do Unto Others — Reciprocity Through the Lens of Insurance Regulation.”