Insurance
Our insurance clients repeatedly tell us they appreciate our hands-on approach to fully understanding their needs, our ability to successfully complete strategic assignments on their behalf and the extensive industry knowledge and experience of our personnel. Many clients also report that our hands-on approach and our willingness to offer unbiased advice is unique among our competitors and extremely valuable to executives trying to make the best decisions for their companies and their stakeholders.
Our insurance focus is concentrated on well-run middle-market insurance companies, in both the life and health and property and casualty sectors, where executives and decision-makers benefit from our hands-on approach and the combined 50-plus-years’ experience of our senior insurance investment banking team.
Our insurance team has a long and consistent track record of helping clients successfully execute strategic transactions including:
- Public and private capital formation (debt, equity and hybrid capital),
- Merger and acquisition transactions,
- Demutualizations and conversions, and
- Restructuring and bankruptcy processes.
Since 2000, our insurance team has helped clients successfully execute 19 merger and acquisition transactions valued at over $1.4 billion. Over this same period, our team helped clients complete 42 capital formation transactions representing total proceeds of over $22 billion.
In addition, our insurance practice is supported by the equity research coverage of more than 30 publicly traded insurers.
Banker Contacts:
Patrick T. DeLacey
Gig Palmer
Mark E. Peterson
Shawn Keenan
Patrick T. DeLacey
Managing Director, Co-head of Financial Services Group
Sector Focus: Insurance
Chicago
312-612-7699
pat.delacey@raymondjames.com
Mr. DeLacey joined Raymond James in 1999 and is currently co-head of the firm’s Financial Services Group. Prior to joining Raymond James, he served as head of the U.S. Financial Institutions practice at ABN AMRO Inc. In all, DeLacey has more than 16 years’ experience in the investment banking and corporate finance industry, including positions with Kemper Securities, CIT Financial and Ernst & Whinney. He holds a Bachelor of Science degree in accounting from the University of Illinois and an M.B.A. degree in finance, with honors, from the University of Chicago. He is a Certified Public Accountant and a Fellow of the Life Management Institute.
Gig Palmer
Senior Vice President
Sector Focus: Insurance
New York
212-672-6831
gig.palmer@raymondjames.com
Mr. Palmer joined Raymond James in May 2007 from Deutsche Bank where he worked with the Financial Institutions Group providing capital raising, structuring and merger and acquisition advisory services. Prior to joining Deutsche Bank, he worked with the Financial Institutions Groups at both KeyBanc Capital Markets and Advest, Inc., always with a focus on the property/casualty and life and health sectors. He received his M.B.A. from the University of South Carolina and his bachelor’s degree from the University of the South.
Mark E. Peterson
Senior Vice President
Sector Focus: Insurance and Capital Markets Technology & Services
Chicago
312-612-7700
mark.peterson@raymondjames.com
Mr. Peterson joined the Raymond James Financial Institutions Group in 1999 and has been active in public equity offerings, mergers and acquisitions and financial advisory assignments. Prior to joining Raymond James, he worked for five years in ABN AMRO Inc.’s corporate finance group. He is a graduate of Colorado College, where he earned a bachelor’s degree in economics.
Shawn Keenan
Vice President
Sector Focus: Insurance and Banks and Thrifts
Chicago
312-612-7701
shawn.keenan@raymondjames.com
Mr. Keenan joined Raymond James in 2007 and is active in mergers and acquisitions, public offerings, and private placements. Prior to joining Raymond James, Mr. Keenan worked for JPMorgan Private Bank and served as a Lieutenant in the United States Navy. Mr. Keenan holds an M.B.A. degree from the J.L. Kellogg School of Management at Northwestern University and a B.A. degree in Business Administration from the University of Florida.