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 advised a top-five local insurance company and reviewed sample contractual documentation relating to a new life insurance product offered by a bank in Slovakia.
We advised an EU-based insurance company on setting up a branch in the Czech Republic, including the required corporate and regulatory procedures.
We represented a large insurance company at court in a number of disputes arising from insurance contracts.
We provided a major global insurer with regulatory advice relating to the introduction of a wide range of insurance products in the Czech and Slovak Republics. This included consumer protection, anti-money laundering issues and data protection in cross-borders data transfers.
We advised a European financial services and real-estate group on transferring insurance products from a Slovak to a Czech subsidiary.
