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Allen & Overy advises Zurich on the sale of a run-off non-life insurance portfolio to DARAG


07 October 2019

Allen & Overy has advised Zurich Insurance Plc on the sale of its portfolio of German professional liability insurance policies for architects and engineers to DARAG Deutsche Versicherungs- und Rückversicherungs-AG.  

The portfolio comprises reserves in an amount exceeding EUR 180 million. The transfer is subject to approval by the regulatory authorities.

The Allen & Overy team was led by partner Dr Jan Schröder and counsel Anne Fischer (both Corporate/Corporate Insurance/M&A, Düsseldorf) and comprised partners Dr Heike Weber (Tax, Frankfurt), Dr Hans-Peter Löw (Employment & Benefits, Frankfurt), counsel Dr Achim Schmid (Corporate/Corporate Insurance/M&A, Düsseldorf) and associates Dr Thomas Dieker (Tax, Frankfurt), Catharina Glugla (Data Protection) and Meike Radtke (Corporate/Corporate Insurance/M&A, both Düsseldorf). 




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