Jack M. Cleaveland Jr. is an experienced insurance regulatory and transactions lawyer who primarily represents insurance companies, agents and other insurance professionals with respect to their business, administrative, and regulatory needs. His practice has focused on the needs of the insurance industry – from handling all types of transactional matters such as formation, licensing, acquisition and dissolution of insurance entities, to assisting them with compliance issues.
Jack’s clients include insurance companies, insurance agents, insurance brokers, managing general agents, reinsurers, and premium finance companies, and his areas of insurance expertise include property, casualty, life, accident, health, surplus lines, and reinsurance. His extensive knowledge and experience on a wide range of issues impacting the insurance industry provides clients with experienced and capable representation in connection with their insurance matters.
Stock Offering — Represented the shareholders of a wholesale insurance broker in the sale of their stock to an insurance holding company for a purchase price of $27 million, plus a potential earnout of another $20 million.
Illegal Redlining — Defended and settled a major enforcement action by the Texas Department of Insurance brought against a multi-line, Fortune 500 insurance holding company alleging illegal redlining. The company was released from the agreed consent order after complying with its negotiated terms.