July 9th, 2018

Guy Carpenter Advises Gothaer on the Transfer of Its Gothaer Re Run-off portfolio

Posted at 2:00 AM ET

Guy Carpenter announced that it acted as the sole transactional advisor on the successful transfer of the reinsurance portfolio of Gothaer Group (Gothaer) which has been in run-off since Gothaer Re ceased trading in 2004.

The portfolio transfer was approved by the German Federal Financial Supervisory Authority (BaFin) on June 26, 2018. The acquiring company is AXA Liabilities Managers (AXA LM). The portfolio was composed primarily of European motor third party liability and European general liability risks. Guy Carpenter supported Gothaer at all stages in the transaction process.

Commenting on the announcement, Axel Flöring, CEO, DACH, Guy Carpenter, said: “Guy Carpenter is very pleased that by working closely with Gothaer we have been able to develop a solution which has facilitated the transfer of all economic and legal obligations, including claims handling, thereby delivering full closure for the group.”

Frank Achtert, Head of Capital Optimization, Strategic Advisory EMEA, Guy Carpenter, added: “This is one of a series of capital-related transactions which have been structured by Guy Carpenter DACH within the last 24 months. This reflects the consistent development of our business model which sees us expand beyond the role of a pure reinsurance broker to become a more comprehensive risk and capital advisory service provider.”  

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