Hines Associates’ joint venture, Wagner & Hines, successfully advised the sale of UWS Assekuranz-Makler GmbH to ATTIKON Finanz AG, enhancing ATTIKON's position in the specialized insurance market for the housing industry.

Target Information

UWS Assekuranz-Makler GmbH ("UWS"), based near Hamburg, Germany, is a prominent insurance broker that specifically serves the housing industry. The company specializes in providing insurance solutions for both residential and commercial properties across Germany, with a particular emphasis on catering to property management firms. UWS has established itself as a trusted partner in the insurance sector, recognized for its personalized service and quality coverage.

Industry Overview

The insurance market in Germany is one of the largest and most developed in Europe, exhibiting substantial growth driven by increasing demand for various insurance products. As the market evolves, there is a notable trend towards consolidation, with larger entities acquiring smaller, specialized brokers to enhance their service offerings and strengthen their market position. Such acquisitions allow for improved economies of scale and efficiencies in operations.

In the realm of commercial lines insurance, particularly in the real estate sector, the competition is increasingly fierce. Companies are under pressure to innovate a