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Dr Achim Schmid

Counsel

Achim advises on a wide range of M&A, corporate and regulatory matters particularly in the insurance sector.
 
With his broad experience, Achim assists national and international market participants with domestic and cross-border transactions and reorganisations, particularly in the form of share deals, asset deals and transformations such as mergers and split-offs. He works intensively with clients regarding regulatory matters such as governance, outsourcing, investments and distribution. He is well experienced in insurance contract law, particularly in life insurance. 

Achim regularly advises on portfolio transfers, both intra-group and in the context of run-off transactions by specialized platforms and investors. His area of practice covers, both in life and non-life, the establishment and licensing of insurers, reinsurers and insurance distributors, the inbound and outbound passporting of regulated business activities and reinsurance solutions. 

Another focus of his work is advice in connection with the transfer and carve-out of pension liabilities, predominantly in the context of transactions. Achim has specific experience in Contractual Trust Arrangements (CTA) securing occupational pension schemes.

Experience

Representative matters

Frankfurter Leben on the acquisition of Generali Deutschland Pensionskasse AG.

Frankfurter Leben Group on the acquisition of the life insurance portfolio of Landeslebenshilfe VVaG.

Markel Group on the establishment and licensing of their new risk-carrier in Germany for business in the EU following Brexit.

Frankfurter Leben Group on the acquisition of ARAG Lebensversicherung AG.

Published Work

  • Schmid A. (2020), “Insolvenzsicherung für Pensionskassenzusagen”, Versicherungsmonitor 03/2020 
     

  • Schmid A. (2020), “Nachhaltigkeit: Grün ist nicht gleich risikofrei”, Versicherungsmonitor 02/2020 
     

  • Schmid A. (2020), “Große Anforderungen an kleine Versicherer”, Versicherungsmonitor 01/2020 
     

  • Schmid A. (2019), “Sinkt die Schwelle zur Sicherungsfonds-Übertragung?”, Versicherungsmonitor 12/2019 
     

Leadership Positions And Professional Affiliations

  • Member, German Association of Insurance Science (Deutscher Verein für Versicherungswissenschaft e.V.)
  • Member, Association for the Promotion of Insurance Sciences in Berlin(Verein zur Förderung der Versicherungswissenschaft in Berlin e.V.)
     
     
Recognition
Band 3, Insurance Transactional
Chambers Europe, 2024
Extremely reliable and delivers particularly high quality
Legal 500, 2024

Qualifications

Admissions

Referendar, Germany, 2003

Assessor, Germany, 2009

Admitted as German Rechtsanwalt, 2011

Academic

Dr iur, University of Cologne, Germany, 2010

Second State Examination in Law, Regional Higher Court of Cologne, 2009

First State Examination, University of Cologne, 2003

LL.M., University of Cologne, Germany, 2001

Maîtrise, International Economic Law, Université Paris I Panthéon-Sorbonne, France, 2001

 

Languages

German, English, French
Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.