Insurance in Argentina
Put simply, Allende & Brea is an ‘insurance specialist’ and clients commend its ‘impressive track record in the area’ and ‘top-tier expertise’. The full-service firm sets out its stall as a one-stop-shop for companies in the insurance sphere and brings to bear comprehensive experience across the full range of corporate, regulatory and contentious matters. Department head Martín Argañaraz is widely revered for his ‘strong industry connections’ and ‘deep sector knowledge’; he recently advised AXA on the local aspects of its $15.3bn acquisition of XL Group. In another M&A headline, key partner Laura Santanatoglia teamed up with the corporate practice to act for QBE Insurance Group on the sale of QBE Seguros La Buenos Aires and QBE Compañía Argentina de Reaseguros to Zurich. On the regulatory side, Fairfax turned to the team for support on the establishment of its local operations, both insurance and reinsurance. The group also counts key insurers and reinsurers such as Aon, Lloyd’s of London and Munich Re among its clients. Laura Kurlat left for an in-house position at La Caja de Ahorro y Seguro.
Bulló Abogados’ signature insurance practice remains a dominant force in the market and clients highlight the firm as a ‘leading player specialising in insurance law’. The group is best known for both its strong claims unit and its stellar client list, which includes some of the most prominent insurers and reinsurers operating in Argentina, including Allianz, Mapfre and Liberty Mutual. Among its highlight cases, the team represented Zurich Argentina in a mediation procedure relating to breach of contract. On the regulatory side, it represented the Argentine Association of Insurance Companies in a discussion with the state supervisory body concerning the future Argentine insurance and reinsurance legal framework. High-profile managing partner Carlos Alberto Estebenet steers a group that also includes Javier Augusto Santiere, Daniel Guffanti and Daniel Russo.
Marval O’Farrell Mairal houses an ‘excellent insurance practice’ that is ‘widely recognised as a leader in strategic matters’. The group, which demonstrates robust experience across a comprehensive spread of insurance classes, routinely undertakes corporate, regulatory and contentious work for major industry clients such as Mapfre, MetLife and Zurich. Department lead Pablo Cereijido is widely hailed as a leading light and represented Aseguradora de Créditos y Garantías in a leading case brought by the Argentine government testing the application of certain insurance provisions against the government. On the corporate side, Cereijido acted for Zurich on the Argentine leg of the acquisition of QBE’s insurance and reinsurance operations. Elías Bestani is highly regarded for his specialist expertise in maritime and aviation cases; he recently advised the reinsurers and a foreign shipowner in a salvage remuneration claim involving river barges.
The ‘knowledgeable and personable’ group at Beccar Varela is distinguished by its ‘partner-led service’ and its ‘great subject breadth, which ensures holistic solutions to multi-layered issues’. The firm advises an impressive range of insurers, reinsurers and brokers on contentious and non-contentious insurance matters, with representative names including Zurich, RSA Group and Volkswagen Brokers Argentina. Highlights included assisting a multinational insurance and reinsurance broker with a portfolio purchase agreement — department head Daniel Seoane led that work. The group also benefits from the senior experience of advisory partner Juan Pablo Chevallier-Boutell (‘an excellent lawyer’), while senior associate Agustín Duarte is widely hailed as a rising star.
Nicholson y Cano Abogados’ broad insurance practice routinely advises insurers and reinsurers on an array of corporate and regulatory matters, product approvals, contracts with brokers and claims management — among other issues. Indeed, the impressively diverse focus of the ‘very strong and experienced group’ results in a department which is split into two distinct units, with industry specialist María Fraguas heading up the regulatory, corporate and contractual side of the practice, while Juan Carlos Etchebehere and Marcela Botta Diego co-lead the claims management team. Representative clients include Chubb, Prudential and Grupo Sura.
Bomchil’s group handled a significant volume of contentious cases over the past year. Among its highlights, it represented an Argentine subsidiary of a French insurance company in several class actions related to life insurance premiums. On the non-contentious side, it assisted an international reinsurance broker with the establishment of its local operations. Financial institutions specialist Néstor Belgrano heads the department.
Kennedys’ Buenos Aires outpost works closely with the global insurance firm’s other Latin American offices, as well as its Miami regional hub, to offer significant firepower in cross-border insurance and reinsurance matters. Led by Alberto Bunge, the practice has experience in a wide scope of insurance classes, including public liability, professional indemnity, banking and D&O claims. Among its recent cases, the firm advised a multinational insurance company on a multi-jurisdictional securities class action.
Lopez Saavedra & Villarroel
Specialist boutique Lopez Saavedra & Villarroel is a leader in insurance defence work, with experience across the full range of litigation, mediation and arbitration matters. The firm, which notably maintains an association with global insurance giant DAC Beachcroft LLP, also has a strong presence in maritime and transport law. Key partner Mariano López Saavedra and preeminent consultant Domingo López Saavedra are the names to note.
The ‘effective’ insurance group at Pérez Alati, Grondona, Benites & Arntsen provides ‘very thorough service’, according to clients. The multi-disciplinary practice recently advised Argonaut Insurance on its registration in Argentina — corporate specialist Jorge Pérez Alati led that work, with support from talented senior associate Lucila Guerrero. Other representative clients include RSA, Aon and Travelers.
Petersen & Asociados
Insurance law is a mainstay at Petersen & Asociados and the midsize firm enjoys a solid reputation for its specialist sector offering. Claims management is a key area of activity, but the practice also handles a significant volume of regulatory and contractual matters. Firm founder Patricio Petersen is the key contact for a group that counts La Caja de Ahorro y Seguro, Liberty Seguros and Provincia Seguros as key clients.
Zapiola Guerrico & Asociados
Insurance litigation specialist Zapiola Guerrico & Asociados handles a comprehensive spread of insurance lines, with civil liability standing out as a particular strong suit. Name partner Martin Zapiola Guerrico is the key contact and is recommended for his experience across the full range of civil liability matters, including workplace accidents, transit-related claims and professional liability.