Rising Stars

Insurance in Luxembourg

Allen & Overy Luxembourg

Drawing upon ‘deep industry expertise’, Allen & Overy Luxembourg‘s insurance team provides standalone regulatory support as well as advice supporting transactional work in the sector, where it is able to ‘co-operate in a seamless way with other specialised teams, such as their excellent M&A and banking departments’. Team head Paul Péporté is popular among insurance companies looking to establish a presence in Luxembourg, as well as in relation to insurance products distribution. He also handles insurance-related transactional work, recently advising an international insurer on the sale of a subsidiary. Noted for her ‘very good’ reasoning skills, counsel Helena Finn is a ‘valuable resource’ for work in the sector, while at a more senior level Pierre Schleimer is also recommended.

Practice head(s):

Paul Péporté


Other key lawyers:

Pierre Schleimer; Helena Finn


Testimonials

The firm has deep industry expertise and delivers very pragmatic advice.’

They have strong expertise in the insurance sector. They co-operate in a seamless way with other specialised teams, such as their excellent M&A and banking departments.’

‘Helena Finn has very good reasoning and is a valuable resource to clients.’

Work highlights


  • Advising a multinational insurer on the sale of a subsidiary to a Luxembourg-based financial group.

Arendt & Medernach

Attuned to legislative/industry developments, Arendt & Medernach is well-positioned to provide ‘responsive and thorough advice’ to insurance and reinsurance companies on standalone regulatory issues and ongoing operational matters, as well as on M&A in the sector. ‘Outstanding’ team head Pierre-Michaël de Waersegger provides ‘strategic and client-focused’ advice and through his strong ties with the supervisory authorities is appreciated by clients seeking clarity and security in often complex regulatory matters, including in the context of regulatory investigations. In addition, he also provides the regulatory advice concomitant to M&A in the industry, including his recent work for Integrale Insurance Group on the sale of its Luxembourg closed-book life insurance portfolio to Monument Re Group. Other key contacts include Christian Point, for insurance-related litigation, and Emmanuelle Mousel, who has developed niche expertise in advising insurance companies on ESG matters.

Practice head(s):

Pierre-Michaël de Waersegger


Other key lawyers:

Christian Point; Emmanuelle Mousel; Sandrine Margetidis-Sigwalt


Testimonials

‘It is a strong team that provides responsive and thorough advice.’

‘The lawyers are experts of major insurance laws and regulations, issue flash news on relevant topics, and provide a great oversight of all regulators’ guidelines and how to implement them. They are up to date with industry trends, in particular with topics such as ESG or data protection.’

‘Lawyers I work with from Arendt demonstrate high knowledge, and strong client commitment.’

‘Pierre-Michaël de Waersegger is always available, precise and highly competent, with communication and interpersonal skills that are much appreciated and useful for the successful conduct of discussions with supervisory authorities or any form of negotiation.’

The outstanding Pierre-Michaël de Waersegger is strategic and client-focused.’

Key clients

AIG


Barents Re Reinsurance Company, Inc.


CNA Hardy


CNP Luxembourg (member of the CNP group)


Convex Europe S.A.


Crédit Agricole Life Insurance


Credit Suisse


DARAG Deutschland AG


Edmond de Rothschild Group


Foyer Assurance


FWU Life Insurance Lux S.A.


Hyperion Group


Liberty Mutual Specialty Market


MEAG (Munich Ergo Asset Management) GmbH


MunichRe Group


NTT Data


RSA Insurance Group


SCOR SE


Sogelife SA (member of the Société Générale group)


SwissRe


Tokio Marine


TransRe


West of England


Work highlights


  • Advising the RSA Insurance group, one of the world’s longest-serving general insurance companies serving in excess of nine million customers around the world, in the acquisition and subsequent absorption by RSA Luxembourg S.A. of Royal Insurance Global B.V., a Dutch subsidiary of the RSA group.
  • Advising Integrale Insurance group on the sale of its Luxembourg closed-book portfolio of long-term life insurance business to Monument Re Group.
  • Assisted Acciona Energia in the establishment in Luxembourg of a captive reinsurance company, Acciona Energia Re.

Clifford Chance

Tapping into ‘excellent industry knowledge’ and working in a co-ordinated fashion with accomplished corporate, banking and capital markets practices, both in Luxembourg as well as across the vast network of firmwide offices, Clifford Chance is particularly skilled at handling big-ticket transactional work in the sector. Udo Prinz‘s experience in insurance regulationcoupled with his ‘additional expertise in other fields of law’, means he is ‘an excellent choice for M&A work in the insurance sector’. Team head Christian Kremer is also recommended.

Practice head(s):

Christian Kremer


Other key lawyers:

Ada Schmitt; Udo Prinz; Isadora Rousselle


Testimonials

They have excellent industry knowledge and legal expertise. Very helpful network across jurisdictions.’

‘Christian Kremer has this ability to understand our needs intuitively and translates it to practical and straightforward advice.’

Udo Prinz is an undisputed expert on insurance regulation. His understanding of, and experience in, the insurance business and his additional expertise in other fields of law make him an excellent choice for M&A work in the insurance sector.’

Key clients

AXA


Premia


Large European Insurance group


Major international insurance group


Luxembourg insurance group


Large international insurance group


Global Private Equity Asset Manager


A leading global e-commerce company


Major international insurance company


International specialty insurer


FIA, Inc (global trade organization for the futures, options and centrally cleared derivatives markets)


International Capital Markets Association (ICMA) / International Securities Lending Association (ISLA)


Luxembourg reinsurance company


Leading international asset management group


Large European Bank


Large American Bank


Work highlights


  • Assisted a large international insurance company with the acquisition of a Luxembourg insurance undertaking which is active in multiple jurisdictions.
  • Advising a major global private equity asset manager regarding the investment eligibility and requirements for Luxembourg unit-linked life insurance contracts, in relation to investments in Luxembourg real estate funds promoted by the client, and assisting with negotiation of contracts with Luxembourg life insurers.
  • Advised a major insurance and reinsurance group with Luxembourg-licensed (re)insurance undertakings, UCITS and investment firm presence in relation to its group cash management operations.

CMS

Co-headed by Benjamin Bada and Vivian WalryCMS handles a mix of day-to-day regulatory issues, advice on new products and general corporate work, as well as standalone bespoke projects, including multi-jurisdictional matters involving interaction with other firmwide offices. As well as advising conventional insurance platforms, including life and reinsurance, the team also has considerable expertise advising on work at the intersection of insurance and fintech.

Practice head(s):

Vivian Walry; Benjamin Bada


Key clients

Allianz


Aon


Zurich


Chubb


AXA


AIG


Liberty Mutual Insurance Europe SE


Bupa


MOLITOR Avocats à la Cour SARL

Drawing upon an ‘excellent knowledge of insurance law’, MOLITOR Avocats à la Cour SARL provides a ‘professional and highly skilled service’ to domestic and international insurance companies across a range of advisory and disputes work. Team head Michel Molitor is a prominent figure on the contentious front, combining strategic nous with a deep knowledge of the black letter law to good effect across a myriad of cases relating to liability and coverage, inter alia.

Practice head(s):

Michel Molitor


Other key lawyers:

Jacques Wolter; François Cautaerts; Sophie Lamothe; Ariane Wourwoukas


Testimonials

‘The team provides a professional and highly skilled service.’

‘It is a very professional firm.’

‘Their expertise in the insurance field has impressed me time and again. The attorneys have a deep understanding of the most complex insurance law issues.’

‘We appreciate their commercial know-how and legal efforts greatly.’

Michel Molitor has a deep understanding of the most complex insurance issues and delivers high-quality advice in a caring fashion.’

‘Ariane Wourwoukas is extremely hard working and astute.’