Swiss Re has agreed to sell iptiQ's European Property and Casualty (P&C) business to Allianz Direct. As part of the transaction, Allianz Direct will acquire the Luxembourg-based risk carrier, more than 100 employees in several jurisdictions and all B2B2C distribution agreements. The transaction is subject to regulatory approvals and is expected to close in the second or third quarter of 2025.
Advestra acted as legal counsel to Swiss Re. The team included Sandro Fehlmann (Corporate | M&A and Regulatory), Thomas Reutter, Angelika Kremer, Anna Capaul, Valérie Bayard, Milan Schéda und Daryana Maurer (all Corporate | M&A).