BMO Life Insurance Acquires AIG Life Insurance

On April 1, 2009, BMO Life Insurance Company, a wholly owned subsidiary of Bank of Montreal, completed its acquisition of all of the outstanding shares of AIG Life Holdings (Canada), ULC, the direct parent of AIG Life Insurance Company of Canada, from AGC Life Insurance Company, a wholly owned subsidiary of American International Group, Inc. The transaction was announced on January 13, 2009 and was valued at $375 million.

BMO Life Insurance Company and Bank of Montreal were represented in-house by Richard Martin, assistant general counsel, and Jeffrey Ellis, deputy general counsel, P&C (Canada), and by Osler, Hoskin & Harcourt LLP with a team including Stephen Sigurdson and Robert Hughes (M&A/corporate); John Jason (financial services); and Patrick Marley and Drew Morier (tax).

American International Group and AGC Life Insurance Company were represented in-house by Suzanne Sylvester and in Canada by Stikeman Elliott LLP with a team that included Brian Rose, Stuart Carruthers, Robert Piroli and Vanessa Dimilta (M&A/corporate); John Lorito (tax); and Justine Whitehead (intellectual property), and in the United States by Debevoise & Plimpton LLP with a team that included Stefan Stauder, Michael McDonnell and Liam Timoney (M&A/corporate); and Judith Church and Brandon Gruner (intellectual property).


Vanessa Dimilta Robert Piroli Drew Morier Patrick W. Marley John R. Jason Robert Hughes Judith L. Church John G. Lorito Justine M. Whitehead Stuart S. Carruthers W. Brian Rose Stephen P. Sigurdson