Global law firm Clyde & Co has announced the hire of Petra Scheida as a Counsel in Düsseldorf, strengthening its continental European corporate insurance practice.
Petra Scheida is an experienced and accomplished lawyer and specialist in corporate insurance, regulatory and distribution matters, and will further strengthen the corporate insurance team and the firm's range of advice, particularly in the areas of insurance, insurance distribution, corporate and supervisory law. After holding various positions in the insurance industry, Petra Scheida was most recently General Counsel for Germany, Scandinavia and the Benelux countries for AXA XL in Cologne, underlining her deep knowledge of the industry and the practical needs of clients to the firm's consulting practice.
Commenting on her appointment, Petra says: "I have got to know Clyde & Co in Germany and internationally as a leading law firm in advising insurers and reinsurers and I am looking forward to helping shape the excellent consulting services offered. With my experience and internal knowledge of the industry, I am confident that I can offer our clients an attractive package of quality and pragmatically implementable advice".
Dr. Henning Schaloske, Partner and head of the firm's German insurance practice, comments: "With Petra's hire we are continuing to expand our insurance practice in a targeted manner by strengthening our corporate insurance capabilities to complement the claims and product development areas. She further enhances our ability to offer our German and international clients a market-leading package in terms of quality, service and practical relevance.
"Thanks to the close integration into our Continental European practice and the teams in the UK, Northern America, MEA and APAC, we are also able to support our clients from the insurance industry seamlessly across borders in all major insurance markets", he adds.
The German insurance practice and the Düsseldorf office of the firm have been growing steadily since entering the German market in 2016. Operating at the heart of the market, our lawyers service domestic and international insurance clients. The claims and product teams support clients across all major business lines, including financial lines (D&O, E&O, PI, Crime), casualty, property and CAR/EAR, and have built a reputation as a leading team for emerging risks such as cyber and W&I. In addition, the team advises insurers, reinsurers and other market participants on all aspects of regulatory and insurance distribution law, run-off solutions, insurance competition law, as well as on other insurance legal and compliance matters.