INDUSTRY
Insurance & Reinsurance
We offer comprehensive expertise on the Czech and Slovak insurance and reinsurance markets. Our in-house specialists work closely with regulators to provide tailored advice to clients, helping them meet their goals.
We advise key players in the Czech and Slovak Republics on the transfer of insurance portfolios and the acquisition or divestment of holdings in insurers, reinsurers and intermediaries. We assess the implications of international transactions relating to insurance and reinsurance.
We advise on loss-adjusting activities and provide support o litigation and areas such as bankruptcy law. We assist both insurers and reinsurers on matters relating to reinsurance, including cross-border issues. And we can help clients negotiate or resolve issues with insurance and reinsurance intermediaries.
In addition, we are happy to support clients who plan to introduce new insurance products onto the Czech or Slovak markets. We are well equipped to help with the entire process – from structuring products, assessing new offerings, complying with distribution requirements, evaluating consumer protection, data privacy and anti-money laundering issues, representing clients in registration procedures and establishing relations with business partners, to preparing agreements with distribution networks and dealing with other issues of contract law.
References
We provided a top-ten insurance company with comprehensive regulatory advice relating to the introduction of a wide range of insurance products in the Czech and Slovak Republics. Our advice covered consumer protection issues, anti-money laundering and overall data protection, including for cross-borders data transfers.
We provided a major client with advice on the legal aspects of international transactions involving the Czech and Slovak Republics, such as transfers of insurance businesses and demutualisations.
We advised a leading German insurance company (Skandia Lebensversicherung AG) on its activities in the Czech market.
We advised a major European insurer on its partnerships with insurance intermediaries and disputes arising from those partnerships, including an out-of-court settlement with one intermediary.
We advised a global insurance company on the intra-group reorganisation of the assistance services it provided in the Czech Republic.
