Colombia > Insurance
Index of tables
Brigard & Urrutia has a well-deserved reputation as ‘one of the best firms providing insurance services’, advising a number of major names in areas such as regulatory, reinsurance and registration. Senior associate Lucas Fajardo, who co-heads the practice, is recognised for his expertise in insurance and reinsurance, and previously worked in-house at Allianz Seguros. The ‘reputed’ Carlos Umaña led advice to Zurich in relation to its establishment of a subsidiary office in the country. Carlos Urrutia acted for Lloyd’s of London in connection with the opening of a representative office in Colombia which will allow its managing agents to promote and underwrite reinsurance products in Colombia. The team also provides ongoing advice to Terranum Inversión regarding insurance policies relating to its real estate projects. Luis Alfredo Barragán and Irma Rivera Ramírez are also recommended.
DAC Beachroft Colombia is widely acknowledged as ‘a leading firm in the insurance arena’; under the leadership of Camila de la Torre and Gabriela Monroy, it has consolidated its reputation in Columbia’s insurance and reinsurance market, working alongside the firm’s other offices in Latin America. The practice covers the full range of insurance work, across litigation, arbitration, corporate, commercial and regulatory matters. Highlights included advising an international law firm on more than 30 claims relating to fidelity bonds with an aggregate value of over $120m; and advising a major global reinsurer in connection with a landslide affecting a major project. Clients include Tokyo Marine, Liberty International and Beazley Group.
A ‘well-known name for international insurance and reinsurance disputes’, Salazar Pardo & Jaramillo Abogados has a strong reputation for complex insurance litigation, and is noted for ‘its responsiveness and high level of contact with the relevant authorities’. Its extensive expertise includes D&O liability, professional indemnity, and general liability matters, and the practice is also notable for its specialism in the aviation sector, particularly on the reinsurer side. The firm has a well-developed network of correspondent firms across the country, and also works closely with international heavyweights such as Clyde & Co LLP and Chadbourne & Parke LLP. The team is co-led by Gabriel Pardo, who is ‘one of the most notable Colombian insurance lawyers’, and Carlos Ignacio Jaramillo, who is also ‘an important name in the sector’. Esteban Pardo is also recommended.
Vélez Gutiérrez Abogados is a spin-off of now defunct firm Barrios Vélez Abogados. The newly formed boutique is led by the ‘respected’ Ricardo Vélez, who is ‘a leading consultant of the insurance sector’, and Armando Gutiérrez is also highly rated. The firm is very experienced in advising insurers and reinsurers in areas such as property, errors and omissions, extra-contractual civil liability, transport, life and accidents, with a particular focus on high-end contentious matters. It also advises on social security matters relating to the insurance sector. Clients includes AIG, Allianz, Terpel and Mapfre.
Botero Salazar Tobón Abogados is ‘an excellent firm with a strategic approach to insurance instructions’. The practice is led by the ‘knowledgeable’ Bernardo Salazar, who is well regarded in the market for his business acumen. Work highlights included acting for Ace Seguros in a contested damages claim valued at around $462m; and advising a well-known Colombian insurer in relation to multimillion-dollar claims brought by a company engaged in the transportation and distribution of natural gas and electric energy. Royal & Sun Alliance is also a client. The firm has a strategic allegiance with renowned international firm Kennedys.
Londoño & Arango Abogados is a boutique specialising in litigation, arbitration and insurance, and unlike some competitors covers advice to insurance corporations and policy holders alike. The practice covers policy drafting, the structuring of insurance clauses and contracts, product liability, D&O, E&O, transport and fire claims, and insurance-related constitutional actions. Specialisms include project-related issues such as completion guarantees, notably in the energy and construction sectors. The team is co-led by Maximiliano Londoño and Daniel Arango.
DLA Piper Martinez Neira works for local and international clients in the insurance and reinsurance sectors, covering litigation proceedings, arbitration and corporate matters. It is currently acting for an international insurer in a $2m dispute before a Colombian arbitration court; and is also advising a well-known US corporation on due diligence matters relating to a liability policy covering representations and guarantees made by a company in a purchase contract. The team has also been busy assisting an insurer in the restructuring of a major insurance programme to comply with newly enacted regulations. Camilo Martínez and senior associate Andrea Londoño lead the practice.
Posse Herrera Ruiz’s ten-strong team has substantial experience in the insurance field, and acts for clients in relation to substantial claims and litigation proceedings, corporate and regulatory matters, and the structuring and drafting of policies. Head of the practice Oscar Tutasaura led advice to The Travelers Companies and J Malucelli Reaseguradora on the acquisition of a controlling stake in Cardinal Compañía de Seguros; and the group also acted for Royal and Sun Alliance on the Colombian element of the sale of its business in various Latin American countries to Suramericana, with a transaction value of $617m. Other clients include AON, Grupo Sura and Seguros Bolívar.
Tamayo Jaramillo & Asociados, led by Javier Tamayo Jaramillo, has a wide-ranging insurance and reinsurance practice covering liability, complaints and claims adjustments, financial and banking policies, and class action proceedings. The firm is representing Chubb de Colombia in two arbitration proceedings relating to compensation for damages amounting to $750m; and successfully acted for Suramericana in relation to a $36m class action issued against several public bodies and their insurers.