Davis Polk is advising Cooper Gay Swett & Crawford Ltd. in connection with the $500 million acquisition of CGSC North America Holdings Corporation (“Swett & Crawford”) by BB&T Corporation. The transaction, which is subject to regulatory approval, is expected to close in the first half of 2016.

For 100 years, Swett & Crawford has delivered exceptional expertise and service to the commercial insurance marketplace. Cooper Gay Swett & Crawford is one of the world’s largest independent, global wholesale, reinsurance and specialty lines broking groups and managing general agents. Based in Winston-Salem, North Carolina, BB&T offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services.

The Davis Polk corporate team includes partner Michael Davis and associates Darren M. Schweiger and Albert Zhu. Partner Rachel D. Kleinberg and associate Anthony L. Oliva are providing tax advice. Partner Edmond T. FitzGerald is providing executive compensation advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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