Fried Frank acted as counsel to Goldman Sachs as financial advisor to The Navigators Group, Inc., in its US$2.1 billion acquisition by The Hartford. The Navigators Group is a global specialty underwriter. The Hartford is a leader in property and casualty insurance, group benefits, and mutual funds. The transaction has been approved by the boards of directors of both companies and is subject to approval by Navigators' shareholders and other customary closing conditions, including regulatory approvals. It is expected to close in the first half of 2019.
The Fried Frank team was led by corporate partner Philip Richter and included corporate associate Roy Tannenbaum.