Allen & Overy (A&O) has recruited two partners for its German insurance and private equity practices with lateral hires from Hogan Lovells and Wilkie Farr & Gallagher.

Insurance specialist Jan Schroder is set to join A&O's Dusseldorf office from Hogan Lovells, while Wilkie Farr private equity partner Michael Bernhardt is joining A&O in Frankfurt.

Bernhardt will join the magic circle firm on 1 June, while Schroder's joining date has yet to be finalised. Both are expected to bring teams with them to A&O.

Bernhardt specialises in M&A, capital markets and securities law, joint ventures, restructuring and private equity, while Schroder, who headed up Hogan Lovells' German financial institutions group, specialises in corporate and regulatory work, predominantly in the insurance and reinsurance sector.

Schroder told Legal Week: "(A&O) will give me a good platform to grow my practice, not just in Germany but internationally as well."

Schroder will be replaced as head of Hogan Lovells' German financial institutions group by Christoph Kueppers. He is the fifth partner to join A&O from Hogan Lovells in Germany since May 2010, with news of his move coming as former Hogan Lovells Frankfurt managing partner Hans-Peter Loew started work at A&O today (1 June).

Following Schoder's departure, Hogan Lovells will have six corporate insurance partners in Germany.

A spokesperson at Hogan Lovells said: "The Hogan Lovells Duesseldorf team is recognised as being at the top of the market for legal advice to the insurance industry in Germany. Under Christoph Kueppers and with Christoph Louven it will continue to serve our strong German and international client base as it has for many years."