On October 7, 2015 Allianz SE (DAX: ALV) signed an agreement to sell 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.

The transaction, which is expected to close in the fourth quarter this year, is subject to approval by FINMA.

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).