We advised AXA Life Europe, a subsidiary of global insurer AXA, on its reinsurance of approximately €3 billion of variable annuities to New Reinsurance Company, a subsidiary of global reinsurer Munich Re.

The deal reflects the trend toward increased use of alternative structures such as reinsurance to help market participants achieve their strategic M&A objectives.

Lawyers in our London office led the transaction, with support from our Paris office and our capital markets and strategic operations, agreements, and regulation practices.

We are advising Enstar, a global insurance group, in relation to a US$5.1 billion merger agreement under which Sixth Street, a global investment firm, and certain other investors will acquire Enstar.

Upon completion of the transaction, Enstar, currently listed on Nasdaq, will become a privately-held company.

Lawyers in our London and Philadelphia offices are leading the transaction, with support from our Brussels, Dublin, Hong Kong, Luxembourg, and Washington, D.C. offices and our antitrust, capital markets, employee benefits, international trade, private equity, and strategic operations, agreements, and regulation practices. 

We advised HDI Deutschland AG, a German insurance company, on the sale of German insurance broker FVB to Yellow Hive, a Dutch financial advisory firm and portfolio company of IK Partners.

HDI Deutschland is a subsidiary of multinational insurance group Talanx, one of the largest insurance groups in Europe with operations in more than 175 countries. The Talanx Group operates as a multi-brand provider with a focus on B2B insurance.

Lawyers in our Düsseldorf office led the transaction, with support from our Hamburg, Frankfurt, and Munich offices and our antitrust, banking, employment, and tax practices.

We are advising Leading Group Limited, a licensed digital insurance broker in China, on its Nasdaq listing through a US$430 million merger with Healthcare AI Acquisition Corp, a listed special purpose acquisition company.

The transaction enables Leading Group to accelerate its organic growth trajectory in China, one of the world’s largest evolving insurance markets.

Lawyers in our Hong Kong office are leading the transaction, with support from our Boston, New York, and Washington, D.C. offices and our securities and tax practices.