Hogan Lovells advised Talanx Group on the acquisition of insurance businesses in Latin America from Liberty Mutual Insurance Inc.

Press releases | 31 May 2023

Dusseldorf, 30 May 2023 – With an international team co-led by partners Birgit Reese (Dusseldorf) and Peter Cohen-Millstein (New York), Hogan Lovells advised HDI International AG, Talanx' holding company for the group's international retail division, on the acquisition of Liberty Mutual's personal and small commercial insurance businesses in Brazil, Chile, Colombia and Ecuador.

Through this transaction, Talanx Group rises to become the third-largest insurer by premium income in property/casualty business in Latin America. The purchase price is expected to be approximately EUR 1.38 billion (approximately USD 1.48 billion) subject to customary purchase price adjustment mechanisms.

The closing of the transaction is expected in the first half of 2024. The transaction is subject to approval by the relevant governmental and regulatory authorities.

Read Talanx' press release here.


Hogan Lovells team for Talanx


Birgit Reese, Partner, Corporate Insurance / M&A, Dusseldorf (co-lead)

New York

Peter Cohen-Millstein, Partner, M&A, New York (co-lead)

Meryl Bernstein, Partner, IP, New York

Aafke Pronk, Counsel, M&A, New York 

Zachary Suggs, Associate, M&A, New York

São Paulo

Isabel da Costa Carvalho, Partner, M&A, São Paulo

Felipe Borges Lacerda, Senior Associate, M&A, São Paulo

Ana Laura Pongeluppi, Associate, M&A, São Paulo

Rafael Szmid, Associate, Antitrust, São Paulo


Dave C. Marley, Senior Associate, Insurance/Reinsurance, Philadelphia

Bob Juelke, Partner, Insurance/Reinsurance, Philadelphia


Prof. Dr. Michael Schlitt, Partner, Capital Markets, Frankfurt

Dr. Sebastian Biller, Counsel, Capital Markets, Frankfurt

Mexico City

Ricardo Pons Mestre, Partner, Antitrust, Mexico City

Martin Michaus Fernandez, Associate Antitrust, Mexico City


Dr. Falk Schöning, Partner, Antitrust, Brussels

Dr. Philipp Heuser, Senior Associate, Antitrust, Brussels

Washington, D.C.

Jasper Howard, Partner, Tax, Washington, D.C.

Caitlin R Piper, Counsel, Tax, Washington, D.C.

Northern Virginia

Andrea Gregory DiSandro, Counsel, Intellectual Property, Northern Virginia

Inhouse Talanx team

Dr. Florian Schmidt, Head of Corporate, Commercial and M&A Law

Simon Kruse, Legal Counsel, M&A

Local Counsel

The following firms advised Talanx as local counsel: 

Brazil: Machado Meyer Advogados

Chile: Claro & Cia.

Colombia: Posse Herrera Ruiz

Ecuador: Bustamante Fabara