Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 11.12.2019  
C(2019 ) 9164 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M.9505 - DAIMLER AG / SWISS RE LTD / JV  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 15 November 2019 , the European Commission received notification of a proposed 
concentration pursuant to Article 4  of the Merger  Regulation by which  undertakings 
Daimler Insurance Services GmbH (“DIS ”, Germany) , a subsidiary of Daimler AG 
(“Daimler”, Germany)  and Swiss Re Life Capital Ltd (“SRLC”, Switzerland) , a 
subsidiary of Swiss Re Ltd (“Swiss Re”, Switzerland”) , acquire within the meaning of 
Article 3(1)(b) and 3(4) o f the Merger Regulation joint control of a newly created 
company constituting a joint venture  (the “JV”)  by way of purchase of shares.3 
2. The business activities of the undertakings concerned are  the following : 
 DIS, a subsidiary of Daimler AG , is mainly acti ve in the development of 
automotive insurance and related digital solutions and the subsequent 
distribution of such insurance products . Daimler AG  is globally active in the 
development, manufacturing and distribution of automotive products, mainly 
passenger cars, trucks, vans and buses . 
 SRLC is a subsidiary of Swiss Re Ltd, which is a wholesale provider of 
reinsurance, insurance, and other insuran ce-based forms of risk transfer . 
 The JV is intended to develop, distribute and administer insurance products 
through the establishment and operation of new digital insurance platform(s).  
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 Decem ber 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 395, 22.11.2019 , p. 7. 

2 3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph s 5(a) and 5 (c) of the Commission  Notice on a simplified procedure for 
treatment of certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
 
For the Commission  
 
 
(Signed)  
Cecilio MADERO VILLAREJO  
Acting Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .