Led by corporate and capital markets expert Christian Kremer, Clifford Chance deploys a multi-disciplinary approach to servicing insurance clients. In this context, a good deal of the work is transactional in nature with the team excelling in helping international insurance entities establish operations in Luxembourg, as well as regularly working on big-ticket M&A deals in the sector and on the transfer of portfolios of insurance business. Leveraging excellent ties with the regulator, counsel Udo Prinz is also key to much of the transactional and standalone advisory work handled by the team and is appreciated by clients for his ability to provide 'practical solutions with a reduced legal risk'.
Testimonials
Collated independently by Legal 500 research team.
- 'In addition to his expertise in insurance regulatory work, Udo Prinz has a clear view on other fields of law impacting complex insurance transactions (including corporate, data protection, anti money laundering and competition legislation). This enables him to give a comprehensive advice.'
- 'Udo Prinz proposes practical solutions with a reduced legal risk.'
Key clients
- International Capital Market Association (ICMA) /International Securities Lending Association (ISLA)
- FIA, Inc (global trade organisation for the futures, options and centrally cleared derivatives markets)
Work highlights
- Advising a private equity fund on their indirect acquisition of a significant minority interest in a Luxembourg reinsurance undertaking.
- Advising and assisting a Belgium insurance company subsidiary of the group, with a branch established in Luxembourg, in relation to the transfer of a closed book of life insurance business (with some non-life insurance) consisting of Luxembourg and Dutch policies to a Luxembourg insurance undertaking.