Slaughter and May is advising Allianz on the agreed sale of its indirect wholly-owned subsidiary, AGF Insurance Limited (AGF), to Catalina Holdings UK Limited. AGF is a UK-regulated insurance company which, prior to entering run-off in 1999, wrote predominantly direct employers’ and public liability insurance in the UK. The transaction, which is expected to complete in Q3 2016, is subject to the prior approval of the Prudential Regulation Authority.

Contacts

Corporate and Commercial: Craig Cleaver (partner), Christian Boney (associate), Giles Rabbitts (associate); Tax: Gareth Miles (partner), Tom Windsor (associate); IP: Cathy Connolly (partner); Mark Ellis (associate); Pensions and Employment: Phil Linnard (associate); Katherine Flower (associate); Financial Regulation: Ed Burrows (associate)