M&A Year in Review 2023 brochure - Flipbook - Page 33
| M&A Year in Review | 2023
We advised Allianz Direct, a digital insurer of the Allianz
Group, on its new insurance distribution partnership with
ING, a global 昀椀nancial institution.
The partnership will o昀昀er companies and entrepreneurs
in the Netherlands access to a wide range of Allianz
Direct
business
insurance
products,
including
auto, van, and corporate and professional liability
insurance.
Lawyers in our Madrid o昀케ce led the transaction,
with support from our Amsterdam o昀케ce and our
insurance, intellectual property, and privacy and
cybersecurity practices.
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We advised Enstar Group Limited, a global insurance
and reinsurance group, on its ground-up loss portfolio
transfer deal with subsidiaries of QBE Insurance
Group, an Australian-listed insurance and reinsurance
company.
The transaction involved the assumption of US$1.9
billion of net loss reserves by Enstar and provides
approximately US$900 million of additional cover with
respect to a portfolio of businesses in North America
and Europe.
Lawyers in our London and Philadelphia o昀케ces led
the transaction.
We advised HDI International, Talanx Group’s
international retail division holding company, on its
US$1.48 billion acquisition of Liberty Mutual’s personal
and small commercial insurance businesses in Brazil,
Chile, Colombia, and Ecuador.
We advised Marsh McLennan, a global professional
services 昀椀rm, on the sale of Mercer’s U.S. health and
bene昀椀ts administration business and UK pension
administration businesses to Aptia, a new company
formed by Bain Capital Insurance.
The acquisition makes Talanx Group the third-largest
insurer by premium income in the Latin America property
and casualty market.
The businesses provide services to over 昀椀ve million
people across over 1,100 clients.
Lawyers in our Düsseldorf and New York o昀케ces led the
transaction, with support from our Brussels, Frankfurt,
Mexico City, Northern Virginia, Philadelphia, São Paulo,
and Washington, D.C. o昀케ces and our antitrust, capital
markets, intellectual property, and tax practices.
Lawyers in our London and New York o昀케ces led the
transaction, with support from our Washington,
D.C. o昀케ce and our antitrust, commercial, employee
bene昀椀ts, employment, 昀椀nance, intellectual property,
privacy and cybersecurity, real estate, regulatory, and
tax practices.
