Cologne – UK company Jardine Lloyd Thompson Group plc has acquired all the shares in Hamburg-based OWL Marine Insurance Brokers GmbH & Co. KG. The deal enables the London-based insurance broker to expand its portfolio of marine and transport insurance products. The parties agreed not to disclose the transaction value.

A CMS team headed by lead partner Dr Petra Schaffner advised Jardine Lloyd Thompson on all legal aspects of the transaction. In addition to due diligence, the advice related to drafting and negotiating all the agreements associated with the deal.

Jardine Lloyd Thompson is one of the world’s largest providers of insurance, reinsurance, employee benefits-related advice, brokerage and associated services. The company is listed on the London Stock Exchange and has around 10,000 employees across more than 40 countries. In 2017, the Group’s sales totalled some GBP 1.3 billion.

Hamburg-based OWL Marine Insurance Brokers GmbH & Co. KG is an independent insurance broker focusing on the maritime industry. It specialises in P&I and marine insurance.
CMS Germany

Dr Petra Schaffner, Lead Partner
Peter Rempp, Associate, both Corporate
Jan Wölper, Partner, Maritime
Michael Kamps, Partner, TMC
Dr Angela Emmert, Partner
Dr Christopher Jordan, Partner
Daniel Hennig, Associate
Lennard Lürwer, Associate
Hannah Heitfeld, Associate, all Labor, Employment & Pensions
Stefanie Nagel, Senior Associate, Real Estate & Public
Dr Winfried Schnepp, Partner
Dr Eva Margareta Wolff, Counsel
Dr Frank Püttgen, Counsel
Dr Aline Icha-Spratte, Associate, all Insurance
Marcus Fischer, Counsel, Tax