Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs). ...
Insurance & Reinsurance
Luxembourg benefits from an attractive regime and a modern legal framework, mainly following the EU directives with a focus on life-insurance and reinsurance legislation. The jurisdiction is one of the world’s leading centres of expertise for reinsurance activities. Its legislation has influenced the preparation of the relevant EU directives.
Wildgen’s dedicated team provides advice to local, regional and international insurance and reinsurance entities as well as brokers, corporate clients and financial institutions for their insurance and reinsurance needs.
Our specialised team has a long-standing expertise in all Luxembourg legal aspects of insurance and reinsurance activities including the following:
Our team provides regular assistance and representation in regulatory issues and communications with the Luxembourg Insurance Commission such as for:
- licence applications,
- transaction approvals,
- restructurings and portfolio transfers,
- insurance intermediation.
Life insurance advice
Life insurance is a core activity in Luxembourg and our lawyers have a sound expertise in related matters such as:
- distribution on a cross-border basis,
- professional secrecy matters,
- anti-money laundering procedures,
- legal structuring of dedicated life-insurance policies invested in securities or non-traditional assets for high net worth individuals.
Our lawyers specialise in reinsurance matters including:
- structuring and negotiating M&A transactions related to reinsurance companies,
- collateral and security structures,
- asset/liability management,
- reinsurance agreements.
Wildgen is focusing on the development of Sharia compliant insurance and reinsurance products –takaful and retakaful-from Luxembourg. Wildgen benefits from a quite unique position locally in this new trend with the joint expertise of our Insurance & Reinsurance team and our dedicated Islamic finance team.
We also believe that securitisation of insurance or reinsurance risks and claims is a trend in which Luxembourg has a key role to play. Discussions are in progress within the Luxembourg insurance community leading to attractive solutions that our team is already working on.
Wildgen is a member of the ACA (Association des Compagnies d'Assurances et de Réassurances du Grand-Duché de Luxembourg).
Le Grand-Duché de Luxembourg a favorisé l’émergence de captives de réassurance en permettant la constitution d’une réserve fiscalement déductible. Les captives de réassurance luxembourgeoises, tout co...
Lors de la conclusion d’un contrat de bail, qu’il s’agisse d’ailleurs d’un bail à usage d’habitation régi par les articles 1713 à 1762-2 du Code civil et la loi du 21 septembre 2006 sur le bail à usag...
The Luxembourg legal framework of the insurance sector is about to experience significant changes in the coming months. The implementation of Solvency II directive is still a legislative work in progr...
"Insurance in Luxembourg began with the arrival and installation of the first foreign insurance companies after the introduction of the law of 20 March 1853 on insurance companies. The activity was pr...
Michel Bulach analyses the benefits of tailor-made life insurance policies in Entreprises Magazine. ...
La Voix published an article on the creation of the first mutual reinsurance association in Luxembourg, in which Wildgen played an important role a legal adviser. ...
NIRA, the Nuclear Industry Reinsurance Association, is behind the first mutual reinsurance company in Luxembourg. NIRA was advised by Wildgen and PWC with regard to its establishment in Luxembourg. ...
Michel Bulach, Partner, contributed Luxembourg section of the "Insurance & Reinsurance" special report of Corporate INTL. ...