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Friday, March 29, 2024

HL counsels Idealista on the acquisition of RE platforms from Instituto de Desarrollo Asegurador

Hogan Lovells Insurance and Reinsurance team has advised idealista on the acquisition of the insurance distribution business for the real estate sector from the brokerage Instituto de Desarrollo Asegurador: platforms protegetualquiler.com, protegetuinmobiliaria.com, and lawebdelarrendador.com

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The operation includes the transfer of the development team and the three platforms specialised in property insurance. With this incorporation, idealista strengthens its scope of action with the acquisition of insurance-oriented platforms and reinforces idealista seguros’ commitment to launching new InsurTech products on the market.

Hogan Lovells Insurance and Reinsurance team advising on this transaction was led by partner Pablo Muelas and counsel Felipe Vázquez, with the support of Eduardo Díaz, together with Andrea Viale, global head of Legal at idealista.

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