Advice to insurers in Germany

Allen & Overy LLP

Allen & Overy LLP's multifaceted practice is reflected in the advice it provides to insurance companies: M&A transactions are just as much part of its offering as advice on run-offs and the effects of Brexit. The firm is also at the forefront of the trending topic insurtech, advising on innovative initiatives for cooperation contracts with established market players. Insurance company and insurance supervisory law expert Jan Schröder heads the practice, which was strengthened in autumn 2018 with the arrival of four new members at counsel and associate level. Counsel Anne Fischer is noted for her experience in insurance brokerage law as well as in capital investments made by insurance companies. Counsel Achim Schmid focuses on occupational pension law, while also assisting insurance and reinsurance companies with domestic and cross-border transactions.

Practice head(s):

Jan Schröder

Other key lawyers:

Anne Fischer; Achim Schmid

Freshfields Bruckhaus Deringer

Freshfields Bruckhaus Deringer is one of the undisputed market leaders in advising insurance companies, particularly on matters at the transactional and corporate intersection. Renowned practice head Wessel Heukamp is recommended.

Practice head(s):

Wessel Heukamp

Hengeler Mueller

The insurance law practice at Hengeler Mueller maintains ongoing client relationships with well-known insurers in the European market, which receive assistance with corporate and regulatory matters in equal measure. Thanks to its international best friends network, the team is also well versed in handling Brexit-related matters for British insurers and insurance brokers pertaining to the structuring of their German businesses. Daniel Wilm has a good reputation for his advice on the acquisition and disposal of insurance companies as well as on structural matters. Carl-Philipp Eberlein, who was elevated to the partnership at the beginning of 2019, has expertise in insurance supervisory law and also covers banking supervisory law and investment law issues as well as complex transactions and restructurings. The team works in close cooperation with adjacent practice areas within the firm, such as Vera Jungkind in data protection and Markus Röhrig in matters at the intersection with antitrust law.

Other key lawyers:

Carl-Philipp Eberlein; Vera Jungkind; Simon Link; Thorsten Mäger; Alexander Rang; Markus Röhrig; Maximilian Schiessl; Christian Schmies; Sven Henrik Schneider; Kai-Steffen Scholz; Jochen Vetter; Jens Wenzel; Daniel Wilm

Key clients



Arch Mortgage Insurnace

Athene Life Re

AXA Konzern AG

Continentale Versicherungsgruppe

Generali Deutschland/ Assicurazioni Generali

Hannover Rück

ottonova Holding

Protektor Lebensversicherung

Provinzial NordWest Holding

R+V Versicherung

Rheinland Versicherungsgruppe


Standard Life

Work highlights

  • Advised AXA on the reorganisation of the shareholder structure of the insurance Roland Rechtsschutzversicherung.
  • Advised Generali Deutschland on the sale of a majority share in Generali Lebensversicherung to Viridium Group.
  • Assisted Arch Mortgage Insurance with a capital relief transaction.

DLA Piper

Working in close conjunction with various adjacent practice areas plays a significant role at DLA Piper. The team led by Ludger Giesberts is also dedicated to consolidating its insurance supervisory practice, not only with regards to Brexit-related work but also with regards to product and distribution law. Advising pension funds and reinsurers on compliance matters is another key element of the practice. Its client portfolio includes an increasing number of international insurance companies, resulting in an increasing amount of cross-border mandates. Gunne Bähr, who is rated for his expertise in insurance supervisory law and also advises insurtechs, is recommended. Christian Schneider regularly demonstrates his expertise in product development and the structuring of insurance solutions. As of October 2019, the firm was able to further strengthen its Cologne and Munich offices with the arrival of of counsel Thomas Fausten from Ince.

Practice head(s):

Ludger Giesberts


‘The unbureaucratic and open type of team at DLA Piper combined with an enormous legal expertise brings particular added value.’

‘The expert knowledge in insurance and insurance regulatory law is comprehensive, but does not exclude expertise in other areas of law.’

‘Gunne Bähr is an outstanding expert in insurance law.’

‘The team surrounding Christian Schneider and counsel David Buntenbroich is very experienced. Both are clever negotiators with very good legal expertise.’

‘Christian Schneider has outstanding knowledge in the area of insurance, corporate and insolvency law. He is extremely competent and working with him is friendly and professional.’

‘Christian Schneider is an insurance law encyclopedia; he has comprehensive legal expertise paired with a deep understanding how insureres works. His advice is competent, solution-oriented and creative.’

Key clients

Allianz Real Estate

Assicurazioni Generali

Athora Deutschland

Basler Versicherungen

Gothaer Gruppe




Work highlights

  • Advised Allianz Real Estate on German investment law (AIFMD gap analysis) as anchor investor in an Australian fund for student homes in connection with an investment advised by DLA Piper Australia and Asia.
  • Advised Basler Versicherungen on the sale of its  commercial stake in Deutscher Ring Bausparkasse AG to the BAWAG Group.

Hogan Lovells International LLP

The insurance law practice at Hogan Lovells International LLP has a focus on non-contentious work with particular strength in insurance group restructurings and structural changes in occupational pension plans. The practice also handles M&A transactions in the German insurance market as well as international projects. Christoph Küppers heads the practice and demonstrates particular expertise in the corporate taxation of insurance and reinsurance companies, while Birgit Reese regularly handles corporate law matters when advising insurance companies. Christoph Louven primarily deals with transactional work, which frequently includes cross-border elements. The team assists national and international clients with product design matters, such as the design of various primary insurance products for the European single market, and with reinsurance solutions.

Practice head(s):

Christoph Küppers

Other key lawyers:

Birgit Reese; Christoph Louven


‘Hogan Lovells’ partners are approachable and available.’

‘The team offers good project management, also in complex transactions.’

Key clients

EMC Insurance Company


GenRe Stamford

GenRe AG


Hannover Re

Mutschler Holding AG

Odyssey Re

ROLAND Rechtsschutz-Versicherungs-AG


SV SparkassenVersicherung Holding AG


Verti Versicherung AG

ZF Friedrichshafen


Work highlights

  • Provided comprehensive corporate and regulatory advice in connection with the restructuring of the Generali Group in Germany, including the establishment of a new property insurer and the transfer of the broker business to this insurer.
  • Advised Gothaer on the sale of its Polish daughter GTU to the Vienna Insurance Group.
  • Advised SCOR on a global restructuring.


Linklaters' advice to insurance companies frequently falls within the intersection of Wolfgang Krauel's corporate and M&A offering and the financial regulation practice led by the 'very committedFrederik Winter. The practice's central area of expertise comes to light when advising on insurance transactions and on the fund structuring business with insurers. This is complemented by Winter's experience in general insurance advisory law and advisory capacities in investment restrictions. Thomas von Broichhausen, who made partner in May 2019, has a corporate law perspective on the insurance market and primarily acts in the fintech and insurtech environment, where the firm applies its artificial intelligence tools, particularly in due diligence mandates. Advising new clients on joint ventures, divestments, IPOs and the development of innovative reinsurance structures is a further growth area for the interdisciplinary team.

Practice head(s):

Wolfgang Krauel


‘Linklaters demonstrates insurance and insurance regulatory expertise at the highest level in relevant jurisdictions. The firm also impresses with its broad coverage of various related practice areas.’

‘Specialists in insurance regulatory law.’

‘With Thomas Broichhaus Linklaters has promoted a home-grown partner, who already has lots of experience in the insurance business, an above-average client orientation, insurance expertise seldomly seen in the market and a pleasant conversational tone.’

‘Frederik Winter is very competent in insurance regulatory law and has a friendly manner.’

Key clients



Munich RE


Sun Life Assurance Company of Canada

Swiss Life and BVK


BACH LANGHEID DALLMAYR's work includes Brexit-related instructions as well as data protection issues pertaining to GDPR. Led by Joachim Grote, the team also provides assistance with the establishment of new companies and office relocations and, thanks to the forensic expertise of the firm, is able to provide clients with wide-ranging advice. Like Martin Schaaf, Grote's focus also lies on supervisory law and life insurance work.

Practice head(s):

Joachim Grote

Other key lawyers:

Martin Schaaf

Work highlights

  • Advised an InsurTech insurance company on the implementation of new product ideas and a distribution concept.
  • Advised an insurance group on the establishment of a reinsurance company.
  • Advised an insurance company on the acquisition of an underwriting agency.

Clifford Chance

Advising insurance companies on real estate transactions and providing assistance to private equity investors constitutes Clifford Chance's key area of expertise. The group led by Thomas Krecek also assists insurance companies with Brexit preparations in order to ensure ongoing business activities in the German market. Christian Keilich stands out for his experience in real estate law matters.

Practice head(s):

Thomas Krecek

Other key lawyers:

Christian Keilich

Key clients

Allianz SEAllianz Real Estate


Domestic & General Insurance PLC


Legal & General

Oldenburgische Landesbank

Süddeutsche Krankenversicherung a. G. (SDK)

Work highlights

  • Advised Allianz Real Estate on the acquisition of the office properties ATLAS in Munich’s new urban development Werksviertel.
  • Advised Athene Real Estate Management Company on the sale of 100% of shares in Elementae real estate.
  • Advised the closed private equity fund Cinven Fund V managed by Cinven on the sale of the Viridium group to Cinven Fund VI.

Clyde & Co LLP

With the opening of the Düsseldorf office in 2016, Clyde & Co LLP established an insurance practice led by Henning Schaloske. Assistance with product development, regulatory and distribution law issues as well as with transactional matters and run-off solutions are part of the firm's multifaceted services. The 'highly specialised and innovative' team is currently undergoing an extensive expansion phase: In the course of 2019, a total of five lawyers joined the practice, while Daniel Kassing was elevated to the partnership in May 2019.

Practice head(s):

Henning Schaloske

Other key lawyers:

Tanja Schramm; Kathrin Feldmann; Daniel Kassing


‘Clyde & Co’s team has extraordinary expertise in insurance law and impresses with its excellent service quality, sustainable service concepts and a very personal touch when dealing with clients.’

‘The team has good bench strength and expertise. In addition to the excellent special knowledge in financial lines it increasingly offers new product topics such as cyber and Brexit advice.’

‘Clyde & Co is an experienced and established firm with sound expertise in insurance law. The colleagues act as one well-coordinated team, are closely connected to the market and proactively address relevant topics.’

‘Tanja Schramm, Henning Schaloske and Associate Kathrin Feldmann have outstanding skills in their area of law and their pragmatic approach always impresses. All three stand out for their reliability and work with great care and the required depth.’

‘Henning Schaloske has broad expertise in insurance and corporate law. He is extremely competent and his cooperation is highly professional.’

‘Tanja Schramm is an exceptionally good analyst. Her collaboration is characterised by high engagement, pragmatism and foresight.’

‘Daniel Kassing delivers trendsetting solutions for modern insurance matters.’

Key clients


CNA Insurance Company Ltd.

DUAL Deutschland GmbH

Markel International Insurance Co. Lt.

Swiss Re

Tokio Marine Kiln Group Limited

Versicherungskammer Bayern

Westfälische Provinzial Versicherung AG


CMS' insurance law capabilities include all aspects of insurance and reinsurance law and particular experience in insurance supervisory law. In other work, the team advises on insurtech and cloud computing solutions, while also assisting German and English insurers with Brexit-related matters. Alongside large insurance companies, the team's client portfolio also includes Hanseatic underwriters, reinsurers and insurance brokers. Practice head Winfried Schnepp is particularly experienced in insurance supervisory law but also supports international insurance companies with restructuring their operations and entering the German market.

Practice head(s):

Winfried Schnepp

Key clients

Inlife Holding Deutschland GmbH & Co. KG

SV SparkassenVersi-cherung Holding AG

Delvag Versiche-rungs-AG

JLT Re Ltd.

MSIG Insurance Europe AG

Stadt Köln

Marsh GmbH

Octium Life DAC

Erwin Himmelseher Assekuranz-Vermittlung GmbH & Co. KG

AXA Partners S.A.S. Zweigniederlassung Deutschland

Albatros Versicherungsdienste GmbH

Community Life GmbH

Metlife Europe Insurance Limited

Transatlantic Reinsurance Company

ELEMENT Insurance AG

Liberty Specialty Markets Europe S.a.r.l.

Atradius Krediversicherung

Münchener Rückversicherungs-Gesellschaft AG

HCC International Insurance Company

Work highlights

  • Provided regulatory advice to Inlife Deutschland in connection with the acquisition of all shares in myLife Lebenversicherung AG, particularly regarding owner control procedures.
  • Assisted SV SparkassenVersicherung Holding AG with the negotiations for a cooperation agreement with Sompo International Holdings Ltd., Bermuda, regarding the market introduction of the product SV ErnteIndex, an innovative agricultural insurance.
  • Advised JLT Re Ltd. on the acquisition of OWL Marine Insurance Brokers GmbH & Co. KG.

Gleiss Lutz

Gleiss Lutz offers insurance companies a combination of industry knowledge and full-service advice, ranging from compliance and supervisory law to restructuring and transactions. The insurance focus group led by Ingo Brinker and Rainer Loges received a significant boost at the start of 2019 with the arrival of Andreas Löhdefink from Shearman & Sterling LLP, who, together with Loges, handles M&A and transactions. Internally, Tobias Harzenetter, who has a focus on regulatory work, was made partner.

Practice head(s):

Ingo Brinker; Rainer Loges


‘Highly specialised lawyers who work well together.’

‘Marco König is a knowledgeable and service-oriented lawyer who skilfully resolves the majority of requests with his team immediately. Beyond that, he brings in colleagues and other specialised departments whenever necessary in order to provide the client with the best result.’

KPMG Law in Germany

Associated with the eponymous auditing company, KPMG Law Germany also provides various insurance sector clients with legal advice. The practice has particular know-how in run-offs and outsourcing but also in general insurance law, most notably Brexit-related issues. Ulrich Keunecke is the main contact for insurance law and specialises in insurance contract law and insurance supervisory law. He is regularly supported by Frank Fischer from the superordinate legal financial services group.

Practice head(s):

Ulrich Keunecke

Other key lawyers:

Frank Fischer

Work highlights

  • Advised the captive asset manager of a large German insurance group on the process implementation at the intersection of asset management and risk management under consideration of insurance regulatory  aspects.
  • Advised a German travel insurer on Brexit.
  • Advised a German insurance group on the structuring of a M&A transaction of two insurers.


Noerr provides supervisory and compliance advice as well as assistance with transactions and restructurings as part of its corporate support offering for insurers. The team also regularly deals with the trending topics digitalisation and cyber. The interdisciplinary arrangement with close links to other practice groups is of paramount significance for the team co-led by Oliver Sieg and Thomas Heitzer. The latter specialises in the transfer of insurance portfolios as well as in outsourcing and restructurings, including run-offs, while Sieg regularly takes the lead in disputes and claims in the insurance and reinsurance sector.

Practice head(s):

Oliver Sieg, Thomas Heitzer


‘The firm has deep know-how in insurance and insurance regulatory law.’

‘The team also covers interfaces with other practice areas, particularly employment law implications, competently and comprehensively.’

Norton Rose Fulbright

Norton Rose Fulbright provides insurance and reinsurance sector players with a broad range of services, including transactional support. Andreas Börner and Eva-Maria Barbosa jointly head the practice with a focus on W&I insurance, exit strategies for old portfolios as well as on product development and insurance supervisory law. Barbosa is particularly noted for her experience in cross-border outsourcing contracts and cooperation agreements, while Börner assists insurance companies with transactional matters.

Practice head(s):

Andreas Börner, Eva-Maria Barbosa


‘Norton Rose Fulbright has outstanding regulatory expertise and diverse experience, particularly in portfolio transfers.’

‘The team solves the client’s problem instead of only answering the posed questions.’

‘Eva-Maria Barbosa demonstrates enormous engagement and has notable expertise.’

Key clients


SOVAG Schwarzmeer- und Ostsee Versicherung

Wüstenrot Bausparkasse AG

Wüstenrot & Württembergische AG (W&W)

BNP Paribas Cardif

Dual Asset Management

Howden Broking Group


AIG Europe S.A.


Work highlights

  • Advised SOVAG Schwarzmeer- und Ostseeversicherung AG on the sale of a run-off portfolio to Ambra Versicherung AG.
  • Continue to provide advice to CHUBB on various matters, such as the termination of a distribution channel.
  • Advised a large European bank on projects in connection with insurers, such as relating to product design and cooperation agreements.


Oppenhoff & Partner has a good reputation for transactional insurance sector work. The practice led by Peter Etzbach however covers a broader spectrum, not least due to its close cooperation with the firm's IT practice. The team is therefore just as well versed in insurtech as in W&I insurance work and restructuring matters, where Hanno Goltz and Till Liebau demonstrate particular expertise. Christof Gaudig is the main contact for contentious proceedings with insurers and reinsurers, while Christoph Niemeyer specialises in insurance supervisory law and deals with transactions involving Italy.

Practice head(s):

Peter Etzbach


‘Oppenhoff & Partner has good and longstanding experience in insurance and insurance distribution law.’

‘Hanno Goltz is outstanding in insurance law.’

Key clients

Arch Insurance Company (Europe) Limited

CyberDirekt (Cari GmbH)

DONAU Versicherung AG Vienna Insurance Group

HDI Vertriebs-AG

Zurich Beteiligungs-AG (Deutschland)

Generali Deutschland AG

The Prudential Assurance Company Limited (London)

Zurich Insurance Company Ltd.


Hannover Rück SE (Hannover Re)

CNA Insurance Company Ltd.

CNH Industrial Deutschland

Ergo Versicherungsgruppe AG

Mirascon Versicherungsvermittler

Work highlights

  • Provided Arch Insurance Company with comprehensive insurance regulatory and corporate advice in connection with the restructuring of the German business due to Brexit, including advising on the adaptation of the business model, the establishment of new  branches and ongoing advice on regulatory  requirements.
  • Provided CyberDirekt with comprehensive advice on the new business model in the area of InsurTech, including assisting with a round of financing.
  • Advised DONAU Versicherung AG Vienna Insurance Group within the context of an Austrian-Italian run-off transaction via the sale to the German insurance and reinsurance company DARAG.

Taylor Wessing

Taylor Wessing receives frequent instructions on the implementation of the insurance distribution directive (IDD) and on GDPR matters. Gunbritt Kammerer-Galahn heads the practice and has a focus on non-contentious insurance law matters, such as insurance distribution law. Other work includes compliance, run-offs and insurtech. Associate Ingo Weckmann is recommended for insurtech work and is also noted for his experience in insurance distribution.

Practice head(s):

Gunbritt Kammerer-Galahn

Other key lawyers:

Jan Andresen; Ingo Weckmann

Key clients

HUK-Coburg Haftpflicht-Unterstützungs-Kasse Kraftfahrender Beamter Deutschlands a. G. in Coburg


Partner Re Zurich Branch

Crédit Agricole Assurances (CACI)

AXA Versicherung AG

Unum Limited

Partner Re Zurich Branch

Work highlights

  • Advised HUK-Coburg Haftpflicht-Unterstützungs-Kasse Kraftfahrender Beamter Deutschlands a. G. on the implementation of the new IDD requirements according to distribution regulatory law and commercial agency law.
  • Continue to provide Debeka with comprehensive advice on various legal matters in connection with the GDPR, IT security law and associated insurance regulatory matters.
  • Continue to provide advice to Crédit Agricole Assurances (CACI) on the existing distribution cooperation with CreditPlus Bank AG and FCA Bank (Fiat).