Wolf Theiss has advised Munich RE Group on the sale by its ERGO Group AG subsidiary of its legal protection subsidiary DAS Switzerland and the legal protection insurance portfolios of DAS Luxembourg and DAS Slovakia to the Allianz Group. Switzerland's Homburger AG and Luxembourg's Arendt & Medernach SA law firms worked alongside Wolf Theiss. White & Case and Binder Groesswang advised the Allianz Group.
Munich RE Group is a German reinsurance company. Its Ergo Group subsidiary operates primarily in the insurance business.
With this acquisition, the Allianz Group aims to strengthen its competitive position and become one of the top three providers in the Swiss market for legal expenses insurance.
The Wolf Theiss team consisted of Vienna-based Partner Richard Wolf and Senior Associate Carina Wolf, Prague-based Partner Jan Myska, and Bratislava-based Counsel Katarina Bielikova and Associate Vladimira Rostarova from Wolf Theiss Bratislava office.
The Homburger AG team included Partner Hansjurg Appenzeller and Associates Anna Peter and Andreas Muller.
The Arendt & Medernach SA team consisted of Partner Guy Harles and Senior Associate Fouzia Benyahia.
Binder Groesswang and White & Case did not respond to inquiries about the deal.