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Conyers acted as special Bermuda counsel to OneBeacon Insurance Group, Ltd. (NYSE: OB) and its majority parent, White Mountains Insurance Group, Ltd (“White Mountains”). (NYSE: WTM), relating to the acquisition of OneBeacon by Intact Financial Corporation (TSX: IFC). Through one of its subsidiaries, Intact Financial Corporation acquired all of the issued OneBeacon shares for an aggregate cash consideration of approximately US$1.7 billion. White Mountains entered into a definitive agreement to vote its shares of OneBeacon in favour of the acquisition.
The Conyers team was led by director Chris Garrod along with Jacqueline King and Cathryn Minors of the Bermuda office.