AXA Canada Acquires Citadel General Assurance

On March 1, 2006, AXA Canada Inc. and Winterthur Swiss Insurance Company completed the sale of Winterthur Canada Financial Corporation and its wholly owned subsidiary, the Citadel General Assurance Company, to AXA Canada for proceeds of approximately $310 million.

Winterthur Swiss was represented by Credit Suisse Group in-house counsel Michel Ruffieux, and by Stikeman Elliott LLP with a team that included Brian Rose, Stuart Carruthers and Nevinne Hassan (corporate and insurance), Stacey Hoisak, Danielle Shields, Michelle Bau and Calvin Roy (corporate), Paul Collins (competition), John Lorito (tax), Gary Nachshen (pensions), Bruce Pollock (employment and litigation) and Stuart McCormack (intellectual property).

AXA Canada was represented by its general counsel, Sylvain Hétu, by its in-house counsel Johane Lachapelle and Alain Camirand, and by Lang Michener LLP with a team that included Bob Cranston (corporate and insurance), Frank Palmay (insurance), James Musgrove and Dan Edmondstone (competition), David Young (corporate), Emanuel Montenegrino (government relations), Ravi Shukla (information technology), Peter Giddens (intellectual property) and Emilie Kydd and Nika Robinson (insurance and corporate).