Linklaters advises Allianz Direct on the acquisition of iptiQ's European Property and Casualty insurance business
Linklaters has advised Allianz Direct on the acquisition of iptiQ's European Property and Casualty (P&C) business. Allianz Direct is the pan-European online insurer of the Allianz Group. The transaction is subject to regulatory approvals and is expected to close in the second or third quarter of 2025.
The seller, iptiQ, is a wholly owned subsidiary of Swiss Re. As part of the transaction, Allianz Direct will acquire the Luxembourg-based risk carrier, more than 100 employees and all B2B2C distribution agreements. The acquisition will strengthen Allianz Direct's presence in B2B2C distribution in its core European markets, including Germany, the Netherlands, Spain and Italy.
Linklaters recently advised Allianz Direct on the acquisition of the FRIDAY insurance portfolio in Germany and France.
The Linklaters team was led by Thomas Broichhausen (Partner/Global Co-Head of Insurance, Corporate/M&A, Munich) and Alina Kaufmann (Counsel, Corporate/M&A, Düsseldorf).
Further team members were René Döring (Partner, Employment, Frankfurt), Michael Leicht (Partner, TMT, Frankfurt), Frederik Winter (Partner, FRG, Frankfurt), Eliane Dejardin Botelho (Partner, Capital Markets, Luxemburg), Atif Wolfgang Bhatti (Counsel, IP/LAI, Frankfurt), Barbara Gonzalez (Counsel, FRG, Madrid), Federica Barbero (Counsel, Employment, Milan), Hermann Rasche (Managing Associate, Employment, Düsseldorf), Alexander Zitzl (Managing Associate, Tax, Munich), Pascal Mildahn (Managing Associate, FRG, Frankfurt), Leonard van den Ende (Managing Associate, FRG, Amsterdam), Alyssia Mechalikh (Managing Associate, Corporate/M&A, Luxembourg), Samuele Manfredo Pio (Managing Associate, Banking, Milan), Katrien Baetens (Senior Associate, LAI, Luxembourg), Matteo Farneti (Managing Associate, Competition & Antitrust, Milan), Julia Grimm (Associate, Corporate/M&A, Munich), Maximilian Reidt (Associate, FRG, Frankfurt), Ali Günes (Associate, FRG, Frankfurt), Fabian Schwarzfischer (Associate, Corporate/M&A, Munich), Benedikt Uhl (Associate, Corporate/M&A, Munich), Jens Klapdor (Associate, Corporate/M&A, Munich), Laetitia Lucie Anne-Lise Aria (Associate, Corporate/M&A, Munich), Eleonora Curreri (Associate, TMT, Frankfurt), Franziska Köster (Associate, Employment, Frankfurt), Charlotte Kieslich (Associate, IP/LAI, Frankfurt), Maxim van Vessem (Associate, Corporate/M&A, Amsterdam), Macarena Sanz (Associate, FRG, Madrid), Maddalena Vallino (Associate, Employment, Milan), Vanessa Rodrigues (Associate, Capital Markets, Luxembourg), Guilherme Martins (Associate, Capital Markets, Luxembourg) und Iuliia Matveieva (Transaction Lawyer, Corporate/M&A, Munich).
