On December 11, 2015 Allianz SE (DAX: ALV) completed the sale of Allianz Suisse Rückversicherungs-Gesellschaft AG to Glacier Reinsurance AG, a wholly owned Swiss subsidiary of Catalina Holdings (Bermuda) Ltd. The terms of the transaction have not been published.

Allianz Suisse Rückversicherungs-Gesellschaft AG is a Swiss regulated reinsurer. On June 30, 2015 – adjusted for pre-transaction dividends – Allianz Suisse Re had total assets of CHF 87 million, gross reserves of CHF 41 million, and shareholder equity of CHF 42 million.

Allianz has been advised by Homburger as legal counsel. The Homburger team was led by partner Daniel Hasler (Corporate | M&A) and comprised partners Stefan Oesterhelt (Tax) and Gerald Brei (Competition | Regulatory) as well as associate Eric Sibbern (Corporate | M&A).