Shearman & Sterling represented Fairfax Financial Holdings Limited in the acquisition by its wholly owned subsidiary, United States Fire Insurance Company, of Hartville Group, Inc. The transaction, which is subject to customary conditions including regulatory approval, is expected to close early in the third quarter of 2013.
Hartville, one of the oldest and largest pet insurance providers in the US, provides pet insurance plans under several brand names, including Hartville Pet Insurance and the Petshealth Care Plan. Hartville also is the exclusive strategic partner for pet insurance with The American Society for the Prevention of Cruelty to Animals.
Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
The Shearman & Sterling team included partner Scott Petepiece (New York-Mergers & Acquisitions), counsel Sean Skiffington (Toronto-Mergers & Acquisitions), and associates Zhak Cohen and Derrick Lott (both New York-Mergers & Acquisitions). Other lawyers working on the transaction included partners Doreen Lilienfeld (New York-Executive Compensation & Employee Benefits) and Michael Shulman (Washington, DC-Tax); counsel Jordan Altman (New York-Intellectual Property Transactions); and associates Molly Stark (New York-Executive Compensation & Employee Benefits), Jeffrey Tate (Washington, DC-Tax), Zana Murdock (New York-Executive Compensation & Employee Benefits), Jamal Al-Haj (New York-Corporate) and Diana Berisha (New York-Corporate).