Next Generation Partners

Advice to insurers in Germany

Allen & Overy LLP

Allen & Overy LLP's insurance law practice is characterised by its close integration within the firm as a whole, which is illustrated by a core team with focuses on adjacent practice areas, which enables seamless advice on interfaces between insurance matters and corporate, tax. antitrust as well as IP and IT law. Thus, the group skilfully covers all relevant issues, from transactions, sales cooperation and data protection to pandemic-related topics and insurtech; the practice also advises on emerging insurance topics such as ESG and digital ecosystems. Jan Schröder leads the team and also co-heads the global insurance practice; he assists clients from the insurance sector on corporate matters, M&A, occupational pensions and regulatory issues. Hans Diekmann has particular expertise in corporate law, in the context of which he often advises clients on transactions and cooperations. Insurance and reinsurance companies, insurtechs and investors receive extensive support from counsel Anne Fischer on digital distribution forms and in investment matters. Achim Schmid and Stephan Funck also impress at counsel level, with the former specialising in contractual trust arrangements and life insurance and Funck being particularly active in assisting with alternative investments and structured products.

Practice head(s):

Jan Schröder


‘In-depth knowledge of the insurance industry, paired with good regulatory expertise, international M&A experience and high reaction speed.’

‘Anne Fischer, Counsel: Very good on the matter. Very pleasant advisor. Experienced and keeping calm.’

‘The unbelievable expertise and technical depth enables the Allen & Overy team to quickly and pragmatically provide an initial assessment of complex issues, which one can always rely on as the process/project progresses. They are the partners you can fully rely on in every respect and who you need to successfully implement new business models.’

‘Dr. Jan Schröder embodies what I appreciate so much about the practice. He is an excellent lawyer, a good discussion and sparring partner with an excellent solution orientation and based on his extensive experience he provides a very good assessment of feasibility and feasibility. In addition, he is very well connected in the industry and has a very good understanding of the economic relationships in order to be able to classify the consulting/projects perfectly in the market environment. The involvement of other specialist departments is also carried out silently and exactly how and when is most sensible or necessary for the client.’

‘Very good expertise that takes into account the overall strategy that goes beyond the legal issues.’

‘Dr. Jan Schröder is the clear head of the team.’

dr Achim Schmid works very precisely.’

‘Fee quotes are appropriate.’

Key clients

Allianz Gruppe


Athora Group

AXA Liabilities Managers

Canada Life Group

Coya AG

Deutsche Betriebs-Renten Holding GmbH & Co. KG

Frankfurter Leben Gruppe

Lane Clark & Peacock LLP

Markel Insurance Group


Swiss Life Gruppe

Viridium Gruppe

Zurich Group

Work highlights

  • Advising a reinsurance company on the sale of Hochrhein International Reinsurance.
  • Advised Lane Clark & Peacock LLP on the acquisition of AON’s pension advisory and insurance brokerage business.
  • Advising Allianz on bancassurance cooperation via a joint venture with BBVA.

Hengeler Mueller

Hengeler Mueller advises domestic and foreign insurance companies on the entire range of relevant issues, with particular strengths in assisting with transactions and insurance supervisory matters. The firm's market-leading position recently reflected not only in the team's involvement in several major insurance company mergers, but also in its advice on the first issue of an RT1 investment in Germany. In addition, the group is experienced in assisting with run-offs and company pension schemes and supporting clients from the reinsurance sector. Special matters such as pandemic-related advice on business closure insurance and the implementation of Brexit plans also form part of the firm's expertise. Carl-Philipp Eberlein primarily advises on insurance regulations and insurance company law and is also active in asset management. Insurance, company and supervisory law are covered by Daniel Wilm, while Vera Jungkind handles compliance and internal investigation issues. Other team members are Thorsten Mäger (insurance antitrust and merger control) and Daniel Illhardt, who made partner in January 2021 and acts at the interface to corporate law.

Clyde & Co LLP

Clyde & Co LLP's insurance law practice also encompasses M&A matters, product advice and supervisory issues. Under the leadership of product development and reinsurance expert Henning Schaloske, the team also has extensive expertise in advising insurtechs and on digitisation matters. The insurance and reinsurance team was able to significantly strengthen its practice with the arrival of Eva-Maria Barbosa, Andreas Börner and Sven Förster from Norton Rose Fulbright in February 2021 and the associated opening of its Munich office. Due to the M&A experience of Barbosa and Börner, the group is very adept at assisting clients from the insurance industry with transactions. Counsel Petra Scheida also advises on supervisory and distribution law and at the interface to corporate law.

Practice head(s):

Henning Schaloske


‘The practice has a very high degree of specialization in all questions of insurance law and can provide very competent information on all insurance-specific topics. Regularly offered webinars are technically very good and in-depth. Dealing with clients is always very friendly and courteous. It’s a pleasure to work with this law firm.’

‘Well-established, responsive and pleasant team of technically very experienced partners and associates in the W&I area.’

‘Eva-Maria Barbosa is the head (and soul) of the team – she and her team are well wired, very service and customer-oriented and with experienced professionalism.’

‘Eva-Maria Barbosa: Fast, good focus on delicate points of the deal. Extensive experience and very good technical knowledge of insurance law.’

‘In our opinion, the strength of the law firm lies in its regional presence within Germany, although it is an international powerhouse with a highly specialized insurance team in London. Within Germany, the different specializations are also extremely positive.’

‘Dr. Henning Schaloske is our main contact at Clyde & Co in Germany. He’s not only a professional sparring partner, but also a top sparring partner, especially on strategy issues, so that we can set the big picture together.’

‘Andreas Börner is an absolute specialist in insurance law; fast, precise way of working.’

‘The team is characterized by a high level of expertise. The knowledge acquired is conveyed in informative specialist events/webinars. One always has the impression that the team has an ear to the market and is always up-to-date when it comes to legislation and case law.’

Key clients


Allianz SE



CNA Insurance Company Ltd.


Delvag Versicherung AG

Domestic & General

DUAL Deutschland GmbH

Euclid Transactional

Gossmann & Cie

Howden Group Limited

Markel International Insurance Co. Lt.

Swiss Re

Versicherungskammer Bayern

Westfälische Provinzial Versicherung AG

Wüstenrot & Württembergische AG

DLA Piper

Regulatory issues are at the heart of DLA Piper‘s insurance advice; other core competences include portfolio transfers in the run-off sphere, compliance, transactions and corporate issues. The team is led by Ludger Giesberts and most recently saw an increase in advising reinsurers, particularly on issues pertaining to pandemic-related business closure insurance. Gunne Bähr maintains good contacts with the Federal Financial Supervisory Authority and assists clients with governance issues, distribution matters and insurtech. In addition to dispute resolution, Christian Schneider is also well versed in advisory insurance law matters, including product development and structuring of insurance solutions. Jan Eltzschig and counsel Heike Schmitz joined Herbert Smith Freehills LLP in October 2021.

Practice head(s):

Ludger Giesberts


‘Outstanding expertise in insurance supervisory law, very good knowledge of the market and excellent networking in the industry (also with the supervisory authority BaFin).’

‘Dr. Gunne Baehr and Dr. Volker Lemmer are both excellent in insurance supervisory law.’

‘The team around Dr. Christian Schneider is technically well versed (also with regard to liability law topics), easily accessible, thinks outside the box and is always extremely friendly. The team is an established point of contact for all of our company’s insurance matters, but especially for critical issues.’

‘Dr. Christian Schneider: Great contact person with brilliant know-how; Idea giver; creative, but always a balanced perspective for everyone involved.’

‘Extremely well-founded legal advice on insurance and insurance supervisory law, combined with highly qualified advice on other related legal issues (e.g. company pension law).’

‘Very customer-oriented and flexible. Also available at short notice and always able to give competent advice, even in complex matters.’

‘Extensive knowledge of various jurisdictions, valuable in cross-border consulting.’

‘Gunne Bähr actually knows everything about insurance law.’

Key clients

Kölner Pensionskasse VVaG/ Pensionskasse der Caritas VVaG

Steadfast Group

Baloise Gruppe

Gen Re

Gothaer Gruppe

HanseMerkur Krankenversicherung

Kommunaler Versorgungsverband Baden Württemberg (KVBW)

Liberty Speciality Services Limited

Partner Re

RGA International Reinsurance Company


Zurich Insurance plc

Work highlights

  • Advising the Cologne pension fund/ Caritas pension fund on insurance supervisory law issues as well as on company pension and insurance law issues in connection with benefit cuts.
  • Advising an ecologically oriented life insurer in connection with the low-interest phase and the regulatory solvency requirements as well as the conclusion of a reinsurance contract for the transfer of the additional interest reserve build-up risk.
  • Advising the Steadfast Group on increasing its stake in unisonSteadfast AG to a majority stake of 60%.

Hogan Lovells International LLP

Hogan Lovells International LLP's insurance practice foots on five pillars: transaction and M&A matters, restructuring, company pension schemes, regulatory law and market entries of foreign insurers. The team also assists clients with the entire spectrum of insurtech matters, ESG, regulatory issues and primary insurance products. Practice head Christoph Küppers particularly advises company managements on regulatory, tax and corporate issues, while Christoph Louven focuses on compliance and governance in addition to complex M&A transactions. Birgit Reese is well versed in restructuring and joint ventures.

Practice head(s):

Christoph Küppers


‘Dr. Christoph Küppers: Always available; broad knowledge base; outstanding expert; good partner in risk assessment.’

‘The advisory team at Hogan Lovells Germany provides fast and well-founded advice in all legal disciplines. Questions are answered quickly. Partners can be contacted at any time. The solution-oriented advice is always in the foreground.’

‘Dr. Christoph Küppers is a recognized expert in insurance regulatory issues. With his professional and pragmatic consulting approach, he made a significant contribution to our company’s successful start-up.’

‘The team is excellently positioned to advise on insurance regulatory issues. The combination of insurance law, supervisory law and tax law is quite unique in German consulting practice.’

‘Dr. Küppers is a luminary in the combination of insurance law, supervisory law and tax law, which he combines in his person.’

‘Hogan Lovells offers comprehensive legal and tax advice that works very practically on innovative solutions, particularly in life reinsurance law. Good networking with regulators, primary insurers (=our customers) and also other market participants.’

‘Dr. Christoph Küppers is very pragmatic, has a super quick comprehension and his explanations can easily be implemented in reinsurance, even internally without translation work for the legal department. No useless theoretical explanations, easy to deal with and very well networked. Other law firms are much more cumbersome here. We particularly value his know-how in tax law and his constant willingness to deal with new ideas.’

Key clients


Gothaer Gruppe

Signal Iduna


Newline Europe Versicherung AG

Munich Re

Work highlights

  • Advice to Agria on entering the German insurance market by founding a branch.
  • Advising the Talanx Group on M&A transactions and also on an ongoing basis on general corporate and regulatory issues.
  • Advising the Versicherungskammer group on the acquisition of the Ferngas Group.


Linklaters' advises insurance companies with a particular strength at the interface between corporate and supervisory law, which enables seamless advice on transactions, restructuring and business development. The practice is simultaneously able to meet the digitisation needs of insurtechs and assists clients from the insurance industry with issues relating to sustainability along the entire value chain. Wolfgang Krauel leads the German insurance team and jointly co-heads the global insurance practice with Thomas Broichhausen, which facilitates the team's integration within the firm's global insurance structures. Within the sector, Krauel and Broichhausen mainly cover M&A and corporate governance matters, with Broichhausen also advising on corporate law and corporate governance issues. Frederik Winter is experienced in matters relating to insurance supervisory law and solvency II structures.

Practice head(s):

Wolfgang Krauel


‘The insurance team at Linkalters impresses with its broad expertise. The cooperation with other practice groups is unique when the field of classic insurance (supervisory) law is left, because Linklaters is broadly positioned and almost globally.’

‘Dr. Thomas Broichhausen knows how to manage mandates well and adapt to the needs of the client. The “responsiveness” to client inquiries stands out.’

‘New structures and situations are always tackled and managed creatively, even when the actuarial complexity is high. Important screw points are not only understood, but also discovered. The work product is always first class.’

‘Thomas Broichhausen is excellent, he proactively works out the core questions of a situation and always brings sensible strategies with him. He’s extremely committed. Technically excellent understanding of all forms of transactions, from reinsurance to transformation.’

Frederik Winter always has an impressive understanding of regulatory opportunities, nothing is missed.’

‘Very high level of expertise paired with commercial flair.’

‘When it comes to combining corporate and regulatory aspects, there is no getting around Linklaters.’

‘Frederik Winter is doing an excellent job with his interdisciplinary knowledge.’


In addition to its market-leading litigation practice, BACH LANGHEID DALLMAYR  also advises insurance companies on non-contentious matters, particularly with regards to supervisory law and product issues. Other focuses include commission coverage for residual debt, contract law and company pension schemes. The practice is headed by managing partner Joachim Grote, who has extensive experience in insurance supervisory law and life insurance. Alongside Tobias Britz, Alexander Beyer also covers data protection issues and has further expertise in company health insurance. Clients turn to Andrea Nowak-Over for insurance-related competition and antitrust matters as well as compliance. In January 2022, the team expanded its partner ranks with five appointments.

Practice head(s):

Joachim Grote

KPMG Law in Germany

At KPMG Law in Germany‘s insurance law practice, clients benefit from its special expertise in contract and supervisory law, although transactional matters also represent an important focus; reorganisations and restructuring unrelated and related to Brexit form another part of its advice portfolio. Practice head Ulrich Keunecke advises on capital investments and solvency II restructuring, while Frank Püttgen is particularly well versed in assisting with the founding of insurance companies and issues related to financial lines including D&O and W&I. Insurance regulatory law expert Frank Fischer joined Deloitte Legal Rechtsanwaltsgesellschaft mbH in April 2021. Linda Oppermann, previously at Heuking Kühn Lüer Wojtek, joined the Munich office in September 2021.

Practice head(s):

Ulrich Keunecke

Work highlights

  • Advising a German insurance group on a Brexit project.
  • Advising an international insurance group on the restructuring of the German business related work streams in the context of Brexit.


Noerr assists insurers and reinsurers, life insurance companies, startups and insurtechs with company-related issues. Under the joint leadership of Oliver Sieg and Thomas Heitzer, the team also advises on digitisation issues and ESG. While Sieg is particularly well versed in litigation, Heitzer's expertise includes insurance regulatory law and M&A, among others. He also advises on insurance portfolio transfers as well as on restructuring and run-offs.

Practice head(s):

Oliver Sieg; Thomas Heitzer


‘Fully competent, trustworthy and stringent all-round support from the beginning of the negotiation to the end with a great deal of persuasiveness and assertiveness towards the negotiating partner, ie planning, drafting contract texts, conducting negotiations, coordination, advice and assessment from a single source. The lawyers are always available and work extremely quickly.’

‘Dr. Heitzer is very competent and experienced and convinces with his deep instructive expertise, through which he is able to take the negotiating partner with him and convince him.’


A multidisciplinary approach paired with a strong IT practice enables Oppenhoff's insurance company law practice to offer comprehensive advice, especially with regards to digitisation and insurtech. The group also assists with M&A transactions, reinsurance matters, insurance supervisory law and the development and sale of insurance products. Practice head Peter Etzbach focuses on transactions and insurance supervisory law, just as Hanno Goltz does, who also assists with the founding of insurance companies. The underwriting of W&I insurance is another focus of the firm, with Markus Rasner and Till Liebau being the key contacts.

Practice head(s):

Peter Etzbach


‘The competence of the law firm is its broad and qualitatively very good positioning and advice in a wide spectrum.’

Key clients

VHV Gruppe

Zurich Gruppe

PKV – Verband der Privaten Krankenversicherung

DEVK Versicherung

Roland Rechtsschutz Versicherungs AG

The Prudential Assurance Company Limited

Generali Gruppe


Hannover Rück SE (Hannover Re)


Work highlights

  • Advising VHV Holding AG on the takeover of the Eucon Group from Hg Capital.
  • Advising Expleo Technology Germany GmbH on the sale of Austrian and German subsidiaries for the transfer of IT consulting specialists and know-how to Allianz/Syncier for core insurance systems.
  • Advising the PKV Association of Private Health Insurance on various contractual matters.

Taylor Wessing

Insurance supervision law and insurance agency law, including related compliance issues, form the core of Taylor Wessing's insurance practice. The team further focuses on M&A and reinsurance contracts and is led by Gunbritt Kammerer-Galahn, who, in addition to the team's aforementioned mainstays, also advises on consolidation, insurance portfolios run-offs and W&I policies. Oliver Klöck specialises in matters related to statutory health insurance companies. Associate Yannick Eckervogt assists clients with transactions, run-offs and company formation.

Practice head(s):

Gunbritt Kammerer-Galahn


‘The Taylor Wessing Insurance team is characterized by a high degree of specialization in the areas of insurance regulatory law, reinsurance and advice on complex cross-border insurance claims.’

‘Miss Dr. Kammerer-Galahn is exceptionally specialized in reinsurance law – our original mandate. She always works in a highly professional, technically competent manner and also handles cross-border issues (including insurance law) with routine. This also applies to their employees.’

‘Fully competent, trusting and stringent support from the beginning of the negotiation to the end.’

‘Mrs. Kammerer-Galahn is very competent and committed and convinces with her instructive expertise and her always trustworthy, binding conduct of negotiations, which means that she is able to take the negotiating partner with her.’

Key clients

AXA Versicherung AG / AXA Konzern AG

CHUBB European Group SE, Direktion für Deutschland

Crédit Agricole Assurances (CACI) S.A.

Debeka Krankenversicherungsverein a.G./ Debeka-Konzern

DWS Grundbesitz GmbH

ERGO Lebensversicherung AG / ERGO Beratung und Vertrieb AG / ERGO Versicherungsgruppe AG

Enterprise Rent-A-Car UK Limited

Fidelis Insurance Limited


Partner Re Zurich Branch

Provinzial Rheinland Versicherungs AG

R+V Re

Work highlights

  • Advising ING-DiBa AG on the insurance sales cooperation with insurers of the AXA Group.
  • Advising Munich Re AG on reinsurance law with regard to the accumulation loss concept.
  • Advice on reinsurance law to R+V Re with regard to the accumulation loss concept.

Clifford Chance

Clifford Chance's advice to insurance companies focuses on transactional matters, including asset management, real estate investments, portfolio transfers and capital and insolvency issues. The team's strong international orientation enables it to seamlessly support cross-border M&A transactions and restructurings. Thomas Krecek has particular expertise in M&A and corporate law. Marco Simonis advises insurers and reinsurers on investment funds and asset management structures.


‘Clifford Chance Germany can combine real know-how in the areas of re/insurance and M&A – that’s actually a very rare skill.’


CMS provides insurance law advice ranging from insurance contract and insurance regulatory law to product design. Most recently, the team was primarily active in Covid-19-related issues, for example in relation to reinsurance matters and plant closures. The firm also covers insurtech, the sale of special insurance solutions and insurance tax issues. The group offers special advisory services for matters related to animal and captive insurance. Winfried Schnepp heads the practice and assists insurers with private and supervisory law issues, among other matters.

Practice head(s):

Winfried Schnepp

Other key lawyers:

Thomas Maur


Dentons' insurance law practice is spread across four locations, of which all assist extensively with W&I insurance matters. The group also has broad expertise in insurtech and digitisation matters. Practice head Kai Goretzky ensures a seamless combination of classic insurance contract and supervisory law, while Michael Graf acts at the interface to tax law. Sascha Grosjean advises on company pension schemes and Philipp Becker made partner in March 2021; he has special knowledge of warranty insurance and corresponding transactional issues.

Practice head(s):

Kai Goretzky


‘High professional competence and good interdisciplinary cooperation with the individual departments.’

‘High reliability and quick response to questions.’

Key clients


UPS Capital

Stonebridge International Insurance/ AEGON


Baloise Vie



Deutsche Vermögensberatung AG

Work highlights

  • Advising CherryHUB on the German market entry of the Hungarian InsurTech with five insurance products.
  • Advised UPS Capital on all insurance and regulatory aspects from product development to digital marketing.
  • Advice to Stonebridge International Insurance Limited/ AEGON on all issues relating to the design and implementation of the Brexit-related relocation of their business activities and adjustment of the organizational structure.

Gleiss Lutz

Gleiss Lutz' insurance practice focuses on transactional matters and assists insurers and reinsurers with national and international transactions. The firm is also increasingly active in corporate and supervisory law issues and able to advise clients extensively on compliance issues, restructuring and data protection. Tobias Harzenetter and Andreas Löhdefink jointly head the practice.

Other key lawyers:

Michael Arnold; Ingo Brinker

Key clients


Münchener Rückversicherungs-Gesellschaft AG

Provinzial Holding AG

Swiss Life

Talanx AG

VKB Versicherungskammer Bayern

Work highlights

  • Ongoing advice to ERGO Group AG on corporate and supervisory law.
  • Advice to Munich Re on the Covid-19-related online general meeting 2021.
  • Advising the Swiss Life Healthcare V-Fonds on the acquisition of a healthcare real estate portfolio consisting of 27 properties from Threestones Capital.

GÖRG Partnerschaft von Rechtsanwälten mbB

GÖRG Partnerschaft von Rechtsanwälten mbB advises insurance companies with a focus on insurance supervision and distribution law among other matters, and is further well versed in compliance and insurance contract law as well as in advising on cooperations with insurance brokers. Jochen Lehmann co-heads the practice and, in addition to litigation, also focuses on regulatory law and distribution. Co-head Roland Hoffmann-Theinert primarily advises on corporate issues and M&A transactions. Christoph Niemeyer has expertise in run-offs, investments and transactions.

Other key lawyers:

Christoph Niemeyer

Key clients

Allianz Partners SAS

Samsung Electronics GmbH

Deutsche Rentenversicherung Bund

Work highlights

  • Advising Allianz Partners SAS on the introduction of a mobile payment product, the Allianz Prime App.
  • Ongoing advice from Samsung Electronics on offering insurance benefits.

Norton Rose Fulbright

Norton Rose Fulbright's insurance practice advises insurers and insurance intermediaries on regulatory and contractual matters, among other issues. W&I and M&A advice represent further pillars of its practice as well as ESG in the investment area and insurtech. In the course of a team reorganisation in January 2021, Andreas Börner, Eva-Maria Barbosa and Sven Förster joined Clyde & Co LLP, with Frank Henkel taking over the practice lead. Marco Niehaus is the key contact for W&I insurance-related transactions, while counsel Corinna Baltzer advises on the full spectrum of insurance supervisory, intermediary and contract law.

Practice head(s):

Frank Henkel

Other key lawyers:

Marco Niehaus; Corinna Baltzer


‘NRF’s insurance team is very familiar with the requirements of the verification process required to broker W&I insurance and the type of advice required. This ensures a very streamlined process and at the same time gives us the comfort of being able to rely on the advice received. Another advantage is that NRF can draw on support and knowledge from the global network, which is very advantageous in cross-border transactions.’

‘From the current NRF team, we normally work together with Marco Niehaus, who is our most important reference partner. Marco has been advising on M&A insurance for many years and is very familiar with the processes, requirements and services of insurers. This allows for easy processing and is a great advantage for us to be able to act effectively in this area.’

‘Fast results/representations that can be used in practice.’

‘Corinna Baltzer: Very reactive and reliable, good understanding of economic relationships.’

Key clients


AnaCap Financial Partners