English version below. Versione italiana di seguito. Lëtzebuergesch Versioun hei drënner. _L’EIOPA en collaboration avec les Autorités européennes de surveillance et le Comité europé...
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).
Adaptation by the Commissariat aux Assurances of the submission of the reporting in accordance with the EIOPA’s recommendations
Voir la version française. Following the EIOPA’s recommendations, the Commissariat aux Assurances (CAA) stated on 25 and 26 March 2020, that: ‘In the current context of the health crisis,...
IVASS : premières mesures pour les acteurs du marché de l'assurance et extension des délais suite aux recommandations de l'AEAPP
This article also exists in Italian. _Dans une précédente news, nous vous informions que le 20 mars, l'AEAPP (Autorité européenne des assurances et des pensions professionnelles) a publié sur son s...
This FAQ page also exists in French, German, Italian and Luxembourgish _Government package for the Luxembourg insurance sector The Luxembourg Government, through Grand-Ducal Regulation of 18 M...
IVASS: Prime misure a favore degli operatori del mercato assicurativo e Proroga dei termini a seguito delle raccomandazioni dell’EIOPA
This article also exists in French. _In una nostra precedente news, abbiamo avuto modo di informarvi che il 20 marzo u.s. l’EIOPA (European Insurance and Occupational Pensions Authority) ha pubblic...
This article also exists in English, French and Luxembourgish. _Le questioni che si pongono alle imprese/società a livello di contributi sociali da recepire nel quadro della crisi CO...
Nuovi vincoli regolamentari incidono sulle compagnie di assicurazione e riassicurazione lussemburghesi
This article also exists in French, English and Luxembourgish. _L’EIOPA ha pubblicato, con urgenza, misure/raccomandazioni molto importanti che si applicano a decorrere dalla data di...
This article also exists in French, Italian and Luxembourgish. _Questions that arise for companies in terms of social security contributions to be implemented in the context of the COVID-19 pa...
This article also exists in English and French _D’EIOPA huet, dréngend a wichteg Moossnamen/Empfeelunge verëffentlecht déi ab deen Dag gëllen, wou déi englescher Versioun op senger Inter...