Insurance activities and insurance products are increasingly adapting to the globalisation of the markets. Clearly, market participants have learned the lessons from the financial crisis. Revised marketing and capital investment strategies and more sophisticated approaches to risk management may require insurers to implement new corporate structures and amend corporate governance standards. In addition, supervisory authorities have increased and tightened their review processes. Industry-driven proprietary reinsurance solutions have increasingly come under scrutiny. There seems to be a clear trend to pursue liability claims and settlement negotiations more aggressively.
In this environment, our insurance team of highly experienced lawyers with wide industry knowledge advises domestic and foreign primary insurers and reinsurers on all legal aspects relevant for the insurance sector, with a special focus on transactional as well as product-related and regulatory matters. We have longstanding experience in structuring distribution channels from beginning to end, including insurance intermediary channels. We assist our clients with compensation models, competition law issues, and cross-border distribution schemes. In addition, we have substantial expertise in insurance related mergers and acquisitions as well as reorganisations and with respect to liquidating primary insurers and reinsurers, discontinuing certain insurance lines and managing portfolio transfers and run-offs.