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Allen & Overy advises Gallagher on the acquisition of Köberich Financial Lines

Allen & Overy LLP has advised US company Arthur J. Gallagher & Co (Gallagher) in connection with the acquisition of Köberich Financial Lines GmbH & Co. KG (Köberich Financial Lines). The terms of the transaction were not disclosed.

Köberich Financial Lines, based in Cologne, was founded in 2009 by Harald Köberich and is an insurance brokerage company specialized in Financial Lines. The brokerage house is focused on rendering support service for large corporations. This market sector is mainly serviced by company owned in-house brokers which seek additional expertise for Financial Lines niche products. Customers include companies in the energy, engineering, construction, manufacturing and mining sectors.

Following the acquisition, Harald Köberich and his team will retain their current roles and become part of Gallagher's European activities. Gallagher currently has brokerage business in Sweden, Norway, Switzerland, Liechtenstein and Turkey.

The Allen & Overy team was jointly led by partner Dr Jan Schröder (Insurance, Düsseldorf) and counsel Marie-Luise von Buchwaldt, who were supported by senior associate Christin Schlorf (both Corporate/M&A, both Hamburg). The team comprised furthermore partners Dr Tim Müller (Compliance), Dr Udo Olgemöller (Public Law) and Florian Lechner (Tax, all Frankfurt), senior associates Catharina Glugla (Data Protection, Düsseldorf), Merle Herrmann (Employment) and Heiner Mecklenburg (Antitrust, both Hamburg), associates Saber Baratzadeh (Insurance, Düsseldorf), Kornelius Lotha (Corporate/M&A, Hamburg), Dr Manuel Köchel (Tax, Frankfurt) and Pascal Yves Schröder (Data Protection, Düsseldorf) as well as senior transaction officer Laura Thiel (Corporate/M&A, Frankfurt).