Allen & Overy advises Erichsen on sale of cyber business to Finlex

The merger of the two businesses will create a unique cyber know-how pool and Europe's largest technology-based cyber insurance ecosystem. The two Erichsen managing directors Sabine Pawig Sander and Dr Sven Erichsen will, in their capacity as non-executive directors, continue to be responsible for the further development of this segment. The parties have agreed not to disclose the purchase price.

The Allen & Overy team was led by counsel Dr Achim Schmid and further comprised Anne Fischer (both Corporate Insurance, both Düsseldorf) and Marie-Luise von Buchwaldt (Corporate/M&A, Hamburg).