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WASHINGTON (October 26, 2000) – October 25, 2000 - In a national ranking of legal advisors for life and health insurance industry deals announced in 1999, Sutherland’s financial services M&A team ranked third in number of deals, and 13th by total deal value. In 1999, 49 deals were announced in the insurance industry with a total value of $15.7 billion. Sutherland counseled clients in three deals with a total value of $228.3 million.
SNL Securities LC, the leading authority on merger & acquisition activity among the nation’s insurance companies, insurance brokerages and managed care providers, compiled the ranking. SNL tracks and collects corporate, market and financial information on both whole company and asset transactions and disseminates that data via database products, electronic newsletters, monthly journals, quarterly and annual data digests. Their coverage provides leading industry professionals with the information required to invest in, evaluate and keep abreast of the financial and real estate securities industries.