A Locke Lord team of Jeff Etherington and Zach Lerner represented Armour Group Holdings Limited (Armour) in the recently completed acquisition of Rampart Insurance Company (Rampart) by ILS Property & Casualty Re Limited, a subsidiary of ILS Property & Casualty Master Fund Ltd. (Fund), from Groupama SA. Rampart, a New York licensed re/insurer, is in run-off. ILS Investment Management, a unit of Armour, is the exclusive sub-advisor to the Fund.
The transaction required approval of the New York Department of Financial Services.
Posted March 21, 2016