About

Carsten Hennicke’s employer is among Germany’s largest providers of equity-linked insurance policies with an administered capital of €5.1bn. Hennicke ‘has steered the company in times of difficult markets and scarce resources through a variety of legal proceedings, restructurings and divestments’ say observers who highly rate his ‘efficient and pragmatic solving of legal and logistical issues on a large scale’. Hennicke’s success is certainly based on his ‘unbeatable internal and external coordination of resources’ and he counts among ‘the best in-house counsel’. His performance is also rooted in many years of experience: He has been developing the legal department since joining in 2007 and in 2012 was appointed head of contract management while also being appointed member of the executive committee. He also handled the restructuring of Lloyds Banking Group’s European insurance business, ‘a legally demanding project during which we had to merge several foreign entities into one German entity’, he explains. Another, still ongoing, career highlight is the sale of Lloyds Banking Group to Cinven Partners and Hannover Rück. He enjoys working at ‘the intersection of board members, management and the different departments’. External advisors have to offer ‘shorter and more to-the-point documents and be less risk adverse in their recommendations’; which Hennicke believes saves costs. ‘A good lawyer has to adapt the approach to the client’s economic needs’.