Drawing upon ‘deep industry expertise’, A&O Shearman‘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.
Insurance in Luxembourg
A&O Shearman
Responsables de la pratique:
Paul Péporté
Autres avocats clés:
Pierre Schleimer; Helena Finn
Les références
‘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.’
Principaux dossiers
- 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.
Responsables de la pratique:
Pierre-Michaël de Waersegger
Autres avocats clés:
Christian Point; Emmanuelle Mousel; Sandrine Margetidis-Sigwalt
Les références
‘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.’
Principaux 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
Principaux dossiers
- 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 regulation, coupled 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.
Responsables de la pratique:
Christian Kremer
Autres avocats clés:
Ada Schmitt; Udo Prinz; Isadora Rousselle
Les références
‘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.’
Principaux 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
Principaux dossiers
- 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 Walry, CMS 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.
Responsables de la pratique:
Vivian Walry; Benjamin Bada
Principaux 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.
Responsables de la pratique:
Michel Molitor
Autres avocats clés:
Jacques Wolter; François Cautaerts; Sophie Lamothe; Ariane Wourwoukas
Les références
‘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.’