Debevoise & Plimpton won the Insurance Law Firm of the Year award at the ALB Hong Kong Law Awards 2024, apart from sponsors of the Insurance In-House Team of the Year award. Edward Northover, Asia-based corporate partner and head of the firm’s financial institutions and corporate practices in Asia, talks about the firm's recent achievements, trends in the insurance industry, and future outlook for insurance law in Hong Kong.

U.S. law firm Latham & Watkins has advised Japan’s largest insurance provider, Nippon Life Insurance, on its agreement to acquire 20 percent stake in Corebridge Financial, a retirement solutions and investment products company, from American Insurance Group (AIG) for $3.84 billion.

Debevoise & Plimpton has advised U.S. investment company KKR on the formation of a $6.4 billion fund that focuses on infrastructure and energy-related investments across the fast-growing Asia Pacific region.

U.S. law firm Mayer Brown has expanded its M&A offering in Asia with the addition of insurance and private equity-focused transactions attorney Alison Lee as a partner in Hong Kong.

Slaughter and May has hired disputes expert Ralph Sellar as a partner in Hong Kong partner from Debevoise & Plimpton, where he was a counsel.

U.S. law firm Goodwin Procter has hired private investment funds specialists Phil Culhane and Elyn Xing as partners in Hong Kong. Culhane was most running his own practice, Culhane & Associates, while Xing joins from Debevoise & Plimpton.

U.S. law firm Debevoise & Plimpton has closed its five-year-old office in Tokyo.

Yulchon and Debevoise & Plimpton have advised U.S. insurer Prudential Financial on the 2.3-trillion-won ($1.89 billion) sale of its Korean unit to Korea’s KB Financial Group, which was represented by Kim & Chang.

U.S. law firm Debevoise & Plimpton has appointed Gareth Hughes as a litigation partner in Hong Kong from Ashurst, where he was the head of dispute resolution in Asia.

Mayer Brown JSM has hired Brian McKenna in Hong Kong as a corporate partner from Debevoise & Plimpton, where he was an international counsel.