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WARSAW – 9 January 2023 – Greenberg Traurig advised Allianz on the mergers of Allianz Group and Aviva Group companies in Poland.

The mergers of Allianz’s and Aviva’s Polish insurance companies, mutual funds and pensions companies in 2022 was a result of the acquisition of Aviva’s operations in Poland and Lithuania by Allianz for over EUR 2.5 billion in 2021. It was Allianz’s largest deal globally in a decade and was also advised by Greenberg Traurig.

Mergers and debranding of Aviva’s life and non-life insurance operations as well mutual funds companies were completed in July 2022. The merger of pension companies on 30 December 2022 completed the integration and debranding process which resulted in the Aviva brand ceasing to be present in Poland.

As a result of the acquisition and mergers, Allianz has become Poland’s second largest player in the life insurance segment, the sixth largest in the non-life insurance segment (in terms of gross written premiums for 2021), fourth largest player in the mutual funds segment and second largest pensions manager with approx. PLN 40 billion worth of assets under management.

Greenberg Traurig provided comprehensive legal advice to Allianz Group with respect to the mergers.

Partner Łukasz Pawlak advised on the mergers process. He was supported by Local Partner Michał Bobrzyński and Senior Associate Agata Iżyk.

The team was supervised by Senior Partner Lejb Fogelman and Partner Stephen Horvath who provided strategic advice to the client.

Additional team members included: Partner Anna Hałas-Krawczyk, Of Counsel prof. dr hab. Adam Opalski, Senior Associate Natalia Wołkowycka, Associates: Angelika Makar, Monika Łukacijewska-Widacka, Marta Popławska, Michał Bałdowski, Maciej Jabłoński, Przemysław Nycz, Adam Anduła, as well as Julia Dopierała and Natalia Potrubacz.

Allianz’s in house legal team was led by Dr. Alexander Franz, Senior Legal Counsel, and Dr. Daniel Günther, Regional Head of Legal and Compliance for Central and Eastern Europe.

The Allianz Group is one of the world's leading insurers and asset managers with 126 million private and corporate customers in more than 70 countries.

Greenberg Traurig LLP

Greenberg Traurig, LLP is a global, multi-practice law firm with approximately 2500 attorneys serving clients from 43 offices in the United States, Latin America, Europe, Asia, and the Middle East.

GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year award at the highly esteemed Euromoney Legal Media Group “Women in Business Law Awards 2021 Europe” and the 2021, 2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution, TMT and Antitrust/Competition.

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