Schoenherr has advised Bulstrad Life Vienna Insurance Group on its brokerage and outsourcing agreements with the Global Benefits Group and the related reinsurance agreement with AXA France Vie.
"GBG will offer clients insurance products in the EU. GBG is to act as an insurance broker and supplier of insurance services with respect to life, health, and disability insurance products offered by Bulstrad Life," Schoenherr informed. In addition, "Bulstrad Life will reinsure to AXA the risks under the outsourcing and brokerage agreement."
Founded in 1994, the Bulstrad Life Vienna Insurance Group provides life and health insurance in Bulgaria, with a range of life, health, medical, and disability insurance products for individual and corporate clients.
GBG is a US-based global insurance service company providing health, life, disability, and travel insurance.
Founded in 1985, AXA is a global insurance company present in 64 countries and with nearly 107 million customers.
The Schoenherr team was led by Partner Ilko Stoyanov and included Attorneys-at-Law Milena Gabrovska and Elena Todorova.