‘One of the leading insurance firms in Chile‘, boutique outfit Acuña & Compañía Abogados is ‘the best option when it comes to insurance‘. Predominantly focused on insurance work for approximately 40 years, the five-member practice is routinely involved in large insured losses occurring in Chile during the adjustment and settlement stages, along with subsequent judicial proceedings, arbitrations and subrogation actions. Key clients include Chubb, Lloyd’s of London Southbridge and Swiss Re. The practice is co-led by senior partner and insurance, reinsurance, arbitration and litigation specialist, Alejandro Acuña, ‘one of the best-known figures in Chile for insurance law‘; and Felipe Hoetz, who ‘stands out for his great negotiation skills‘ and is consistently involved in claims involving large losses in Chile. Providing additional expertise, fellow-founding partner Luis Cifuentes is a civil, commercial and criminal litigation expert, while associate Whitney Silva regularly assists with complex, high-value cases. Since publication, Hoetz has left the firm, effective as of January 2023.
Insurance in Chile
Acuña & Compañía Abogados
‘One of the leading insurance firms in Chile.‘
‘We have worked with these lawyers on various matters and have known them for many years – we believe they are the best option when it comes to insurance.‘
‘An excellent multidisciplinary team with excellent results.‘
Lloyd’s of London
- Representing the insurers, including Ace/Chubb, Liberty, SURA and AIG (now Southbridge/Fairfax) in recovery actions (against Costanera Norte, Spain’s Sacyr and Chile’s Ministry of Public Works) for losses affecting Santiago office and residential buildings, which were flooded when the Mapocho River was diverted during construction works.
- Assisted the insurers, SURA, Southbridge and Chubb, with the loss adjustment phase of a claim filed by their insured, Sociedad Concesionaria Autopistas de Antofagasta, which operates a highway that suffered damage further to subsurface water emanating from a neighbouring mining facility.
- Representing the insurers, Ace/Chubb, in judicial proceedings against La Polar, its directors and officers, in relation to the validity of a D&O insurance policy.
The 10-strong department at full-service, market stalwart Carey consistently advises domestic and foreign (re)insurers, brokers and insureds on insurance matters. Fielding experts in regulatory issues, underwriting, and contentious and non-contentious work, the ‘great‘ practice handles the representation of insurance companies in large and significant surety claims, the structuring of the local market’s major bancassurance alliances and disputes between market players, along with coverage lawsuits, and regulatory and sanctioning procedures before Chile’s Committee on Financial Markets (among other matters). The practice is jointly led by Matías Vergara, whose track record includes advising international insurance companies on their day-to-day activities and regulatory issues, as well as during crisis times; Pablo Iacobelli, whose practice includes insurance M&A and regulatory corporate matters for insurance companies; and insurance and reinsurance industry expert Marcos Ríos. At associate level, Jorge Soto‘s practice covers insurance and reinsurance industry-related work.
‘Excellent understanding of the business and the market, as well as the application of regulations to specialised companies.‘
‘A multidisciplinary team that addresses different points of view.‘
‘A great team with specialists in almost all areas. When they cover a topic they see it from different points of view, taking advantage of the diversity of areas covered by the firm.‘
‘Technically they have very complete knowledge.‘
‘Very well coordinated and efficient work.‘
‘Prompt responses to enquiries and requirements, agile responses, and proactive in proposing solutions.‘
‘Marcos Ríos and Matías Vergara both have a lot of specific and practical insurance knowledge. They not only provide legal advice, but also practical assistance so as to carry out the tasks required.‘
Everest Re Group
Willis North America
BNP Paribas Cardif
Liberty Mutual Insurance
- Assisted Liberty Compañía de Seguros Generales with recovery and collection actions.
- Assisted Everest Re Group with both the incorporation of a Chilean non-life insurance company and the application before the Commission for the Financial Market to carry out insurance and reinsurance business in Chile and abroad.
- Assisted Carpenter Marsh Fac Chile Corredores de Reaseguro (local reinsurance broker) and Marsh (foreign reinsurance broker) with updating their information in the Commission for the Financial Market’s registry.
The sizeable insurance practice at Estudio Carvallo routinely advises both domestic and foreign insurance businesses on insurance policies, coverage analysis and agreements. It also regularly defends headline casualty claims, in addition to assisting with the development of large insurance products and registering insurance-related entities. The department is also increasingly active in relation to corporate and regulatory insurance services. General manager Manuel Carvallo is an insurance law specialist, whose practice includes assisting with the development and implementation of insurance products; Marcelo Simian is casualty division head; dispute resolution expert Francisca Román is the lead property recovery litigation partner; María Elena Rivera is the Valparaíso office’s principal contact; and Francisco Bauer‘s career includes over two decades at Seguros Generales Suramericana. In September 2021, former associate Fernando Arancibia left the firm to become a claims specialist at insurance firm Gallagher.
DAC Beachcroft Chile
The Chilean arm of London-based international law firm DAC Beachcroft LLP, DAC Beachcroft Chile is well known for its representation of insurers and reinsurers across the Lloyd’s, London, European and US markets, and has enviable expertise in substantial and large-value claims. Leading the Santiago office’s insurance team, Andrés Amunátegui assists both the international and local markets with property, casualty, liability and financial institutions-related claims; while fellow partner Guillermo Amunátegui heads the local corporate team. Within the associate pool, Nicolas Le Blanc specialises in assisting the London market with claims control processes; Javier Moya is a litigation and arbitration specialist; Andrés Faraggi routinely acts for US and LatAm-based reinsurers; and María Jesús Pérez is active in relation to the local market. Consultant Edmundo Agramunt is a former MAPFRE Chile legal head.
The Santiago office of UK-headquartered Kennedys has a broad insurance and reinsurance practice that assists with regulatory matters, claims management and insurance company defence-side work, policy writing, coverage reports, and insurance sector-related corporate law matters; the ‘highly specialised team' is particularly noted for its claims expertise in relation to property, construction, mining, finance and retail sector-related business interruption policies. Leading the practice, Mario Diemoz consistently assists reinsurers (predominantly the London market) and local insurers with claims, litigation and advisory work; and litigation head Gian Carlo Lorenzini acts almost exclusively on insurance matters. At senior associate level, Pia Parmar is a regulatory expert, while Daniel Silva assists both national insurance companies and foreign insurers with coverage claims and control issues.
‘Kennedys Chile stands out for its work, which is carried out in a precise manner and with a clear focus on finding the best solution for its clients.‘
‘It has a highly specialised team, its fees are adequate, and the lawyers have great business sense.‘
‘The experience the team has in the market means it proposes innovative solutions that allow businesses to move forward.‘
Chubb Seguros Chile
Confuturo Compañía de Seguros
Starr International Seguros Generales
Liberty Mutual Insurance Company
Seguros Generales Suramericana
Cardif Seguros Generales
Corredora de Seguros La Cámara
Divina Pastora Seguros de Vida
- Providing day-to-day advice to Chubb in relation to regulatory compliance and products, including modifications to policies.
- Acting for Divina Pastora Seguros de Vida on issues such as regulatory compliance, contracts, product creation, and corporate and labour matters.
- Advises Corredora de Seguros La Cámara on a day-to-day basis, particularly as regards product structuring, validation of sales pitches and coverage issues (among other matters).
Pumpin, Dorfman, Nasser, Diaz (PDND)
The seven-member insurance practice (including four partners) at Pumpin, Dorfman, Nasser, Diaz (PDND) acts for companies that provide damage, credit and life insurance policies. Clients also turn to the group for its experience in representing brokers and loss adjusters, as well as for its interactions with the CMF. The firm also has a robust insurance disputes practice. The insurance department is jointly overseen by Marcelo Nasser (current Academic Director of the Insurance Law Diploma at the Chilean Association of Insurers’ School of Insurance); Gabriel Pumpin, a maritime transportation expert; and commercial, transport, insurance and consumer protection law specialist, Ignacio Díaz. Mauricio Dorfman is also on hand to provide additional partner-level support.
Mauricio Dorfman; Marcelo Nasser; Ignacio Díaz; Gabriel Pumpin
RA Abogados (Ríos Abogados)
RA Abogados (Ríos Abogados) fields eight practitioners who are particularly highly regarded for their experience in insurance regulations, while also handline insurance and corporate law, supervisory issues and relevant consumer law matters. The team also has a strong market reputation for its expertise in defending the interests of both insurance companies and the insured before Chile’s courts. The practice is jointly led by Roberto Ríos, the author of numerous insurance law publications and Alonso Garcia, who leads the firm’s practice in labour liability insurance and medical liability claims. Stefanie Ramdohr has now left the firm.
Roberto Ríos; Alonso García
‘Probably the lawyers who best understand the industry in its complexity; and when requested, they make the principal team part of the strategy, which allows internal talent to grow.‘
‘Recognition within the industry, knowledge of how the industry operates, flexibility and accessibility.‘
‘The team stands out for its collaboration with the internal lawyers of the insurer I represent, and the office is agile, modern and technological.‘
Chilena Consolidada Seguros Generales
Reale Chile Seguros Generales
Liberty Compañía de Seguros Generales
HDI Compañía de Seguros Generales
Chubb Seguros Chile
Suaval Seguros de Garantía y Crédito
Seguros Generales Suramericana
Contempora Seguros Generales
Help Seguros de Vida
Compañía de Seguros Penta Vida
- Acted for Liberty Compañía de Seguros Generales in a recovery action against Sacyr, Costanera Norte and the Chilean Treasury.
- Defended CGE against a group of liability claims related to forest fires.
- Defended Reale Seguros Generales against charges brought by the Financial Market Commission for alleged infringement of the rules concerning technical reserves and solvency.
Vergara, Fernández, Costa & Claro
Vergara, Fernández, Costa & Claro's insurance group consistently acts for policy holders in sizeable insurance disputes, as well as providing ongoing assistance with insurance programmes; providing advice exclusively to assureds, the practice stands out in the market for its independence from insurers. The principal figures within the team are insurance and civil liability leader Gloria Claro; and Sergio Fernández, who heads the commercial group, in addition to jointly leading the insurance practice. The second line of key advisers comprises counsel Manuel García de los Ríos, whose track record includes over two decades at Germany’s Allianz Group; and associates Catherine Campbell and Andrés Schlack, who are both active in insurance work.
Clyde & Co‘s insurance group is well known for its credentials in litigation (civil liability, recoveries and coverage issues), regulatory (compliance of policies with local regulations) and corporate matters, and is regularly sought out by reinsurers looking to work in Chile. Key figures within the practice are Jorge Meneses, who heads both the insurance and insurance dispute resolution practices; insurance-related corporate/M&A and finance specialist, Franco Acchiardo; and experienced senior associate Alejandro Quintana V, who focuses exclusively on insurance work. Since publication, the team has been further strengthened with the January 2023 arrival of Felipe Hoetz, formerly a name partner at Acuña, Hoetz & Cifuentes; he retains his position as Lloyd's of London de facto attorney in Chile
Franco Acchiardo; Alejandro Quintana V; Jorge Meneses
‘Clyde & Co is a highly prestigious firm in the insurance field, and has grown a lot in Chile in recent times. The global network it has gives it an unbeatable position.‘
‘Senior associate Alejandro Quintana V is an excellent lawyer, with great handling of insurance matters. Although he is young, he has the knowledge and energy to carry things out properly.‘
Orion Seguros Generales
- Assisting Orion Seguros Generales (a Chilean insurance company) with its legal requirements.
- Assisting several insurers and reinsurers with insurance-related proceedings.
Molina Ríos Abogados
Molina Ríos Abogados' ‘excellent' seven-member insurance practice routinely acts for major insurance sector players such as Mapfre and Caja Reaseguradora de Chile. Representative work ranges from the risk analysis aspects of transactions, litigation and arbitration, to advising on all-risk construction insurance, civil responsibility issues, and guarantee and life insurance. The firm is also one of the principal legal practices promoting a new Centre of Insurance Arbitration (ARIAS LATAM), which will establish specific procedures for insurance disputes. Co-leading the department, the practice of founding partner and prominent insurance law author Carlos Molina covers major insurance-related litigation and negotiations; and Felipe Correa, who regularly assists with the litigation, arbitration and mediation of insurance matters.
‘The firm has a well-earned name for construction and warranty insurance – probably the best in the market in these areas. Its younger lawyers are also very well-trained lawyers.‘
‘It is a smaller law firm, so one achieves greater contact with the partners who are directly involved in each issue. You also have the advantage that at least one of the partners has had real experience within insurance companies.‘
‘An excellent team of lawyers in terms of guarantee and construction insurance – the great leadership of Carlos Molina stands out.‘
Mapfre General Insurances
Solunion Credit and Guarantee Insurance
Mapfre Life Insurance
Caja Reaseguradora de Chile
Emin Ingeniería y Construcción
Mainstream Renewable Power
- Assists Solunion (credit and surety insurance company) with various contractual and litigation matters.
- Assists Mainstream Renewable Power with its insurance matters.
- Assisted Banco Santander Chile, ILC Investments and Armas Group with an arbitration against Cesce Insurance Company.
Peralta Sandoval Llaneza Gutiérrez
Peralta Sandoval Llaneza Gutiérrez is predominantly focused on insurance and reinsurance matters. The four-member practice, which fields lawyers, who are ‘outstanding professionals with extensive knowledge in insurance and litigation', assists both domestic insurers and international reinsurers with adjustment of casualty, property and cargo-related issues. It is also active in litigation before the civil and arbitration courts, in relation to coverage, losses and other insurance claims. The firm’s senior partner and ‘great strategist', Luis Sandoval, consistently represents the interests of insurers, reinsurers and brokers, while associate Mildred Barrientos is experienced in both insurance and litigation work.
‘These lawyers are outstanding professionals with extensive knowledge in insurance and litigation, and they are always available to meet any requirement.‘
‘Personalised attention from this law firm that is flexible and attentive to detail.‘
‘Mastery of its subjects and good availability.‘
Chubb Seguros Chile
HDI Seguros de Garantía y Crédito
Liberty Compañía de Seguros Generales
Southbridge Compañía de Seguros Generales
Orión Seguros Generales
Enel Generación Chile
Help Seguros de Vida
Seguros Generales Suramericana
- Acting for Orion Seguros Generales in relation to a marine policy.
- Acting for HDI Seguros de Crédito y Garantía in an insolvency process involving surety policies in public works.
- Acting for Southbridge Compañía de Seguro Generales in relation to Covid-19-related loss of earnings.
The seven-member team at full-service firm Prieto Abogados houses experts in the insurance regulatory aspects surrounding the approval of new insurance companies, as well as in relation to the acquisition of existing insurance entities. The practice also has extensive experience in bancassurance agreements, and policies for mortgages, cell phone protection and extended warranties. In addition, the firm has a broad and experienced insurance disputes practice. Leading the team, Patricio Prieto L is ‘a great lawyer', who has longstanding insurance and reinsurance expertise. Key associate María Cristina Ríos Lianeza's experience includes the incorporation of insurance companies, insurance-related M&A, and day-to-day regulatory issues.
Patricio Prieto L
‘A strong team with great client focus.‘
‘A team with a lot of experience – accessible and always willing to provide solutions to the problems raised, with the lawyers complementing each other very well in regulatory and financial matters.‘
‘Patricio Prieto L is a great lawyer, who is always available to help and knows the market very well.‘
‘Patricio Prieto L leads the insurance and reinsurance team, and has vast knowledge of multinational insurance companies’ needs, which require practical and easily executable solutions.‘
Assurant Chile Compañía de Seguros Generales
HDI Seguros Generales
Chubb Seguros de Vida Chile
Chubb Seguros Chile
Assurant Services de Chile
Seguros de Vida Suramericana
Seguros Generales Suramericana
Southbridge Compañía de Seguros Generales
American Bankers Life Assurance Company of Florida
American Bankers Insurance Company of Florida
HDI Global Network
HDI Global SE
Talanx Reinsurance Broker
- Advised HDI Seguros on a 13-year strategic alliance with Banco Estado and Corredora de Seguros de Banco Estado.
- Advised Inversiones HDI and HDI International on the sale of HDI Seguros de Vida to Banmédica.
- Assists Assurant Chile Compañía de Seguros Generales on its daily operations in Chile.
The six-member group at Barros & Errázuriz regularly advises insurance companies on corporate work and regulatory issues. Representative expertise covers the establishment of insurance companies and corporate governance matters. On the regulatory side, the team assists with compliance issues involving technical reserves, investment rules, anti-money laundering, and risk management and internal control systems. It additionally acts in insurance-related litigation concerning administrative procedures. The practice is co-led by Carlos Ducci, an expert in corporate law, foreign investment, M&A and joint ventures; and Javier Díaz, whose broad practice includes insurance work. Associates Jorge Covarrubias and Albert Harsch also assist with insurance matters.
Carlos Ducci; Javier Díaz
‘Legal support capacity in various subjects with a high level of knowledge.‘
‘Javier Díaz is an excellent person, and with availability to attend any client need – high level of knowledge and support in business.‘
Mapfre Compañía de Seguros de Vida
Save BCJ Compañía de Seguros de Vida
Colmena Seguros de Vida
Consorcio Compañía de Seguros de Vida
- Advised AVLA (and its current shareholders) on the negotiation of a subscription agreement, by virtue of which Creation Investments Social Ventures Fund V LP will acquire an interest in AVLA.
- Assisted Compañía de Seguros de Vida Consorcio Nacional de Seguros with investment into Chilean payment platform PST Pago Fácil.
- Advised Compañía de Seguros de Vida Consorcio Nacional de Seguros (as leading investor) on a corporate venture capital operation.
Cariola Díez Pérez-Cotapos‘ four-member group routinely assists with claims against insurance companies that involve policies for construction, mining projects, commercial stores and distribution centres. It also advises insurance companies, brokers and banks on the development of new business; assists with reviewing insurance policies and insurance programmes; and acts on large insurance M&A transactions. The department is co-led by insurance disputes specialist Florencio Bernales, who also heads the litigation group; and Tomás Vidal, whose track record includes negotiating insurance policies. The associates to note are Daniel Washington, who assists with insurance policy claims and obligations, and insurance litigator Trinidad Torres.
Florencio Bernales; Tomás Vidal
‘Its strengths are its knowledge, and the ability to explain situations and legal implications through strategy and attention.‘
‘Excellent attention and knowledge of the circumstances and implications of cases.‘
‘Differs from other law firms for its quality and immediate advice, and the lawyers have a deep understanding of law and are very skilled.‘
Marsh Corredores de Seguros
Guy Carpenter & Company Corredores de Reaseguros
Isapre Vida Tres
Ortúzar Corredores de Seguros
Enel Distribución Chile
- Advised Banmédica (and its affiliate Banmédica Internacional) on the acquisition of all the shares in Chilean life insurance company HDI Seguros de Vida.
- Advised Banco Ripley (and its affiliate Corredora de Seguros Ripley) on several regulatory matters.
- Acted for Isapre Vida Tres and Isapre Banmédica in claims before the Chilean IRS, which concerned the treatment of litigation costs as accepted or rejected expenses.
Dentons Larrain Rencoret
Dentons Larrain Rencoret‘s insurance and reinsurance department fields experts in claims involving the pharma, construction, energy, retail and infrastructure sectors. The practice also represents foreign insurers and reinsurers -particularly from the London market- in claims involving political risks, physical damage, business interruption, D&Os and general liability. Other key areas cover contract interpretation, adjustment processes, acting as claim controllers, and leading settlement negotiations. The team is led by insurance specialist José Miguel López González, with key senior associate-level support provided by insurance regulatory expert Elio Castro. Litigators Marcelo Alarcón and Ignacio Vargas were elevated to the partnership in January 2022.
José Miguel López
Inmobiliaria Distrito Nororiente
Banco de Crédito e Inversiones
- Assisted Cactus with the registration of a new insurance broker with local regulators.
- Assisted Inmobiliaria Distrito Nororiente with the negotiation of a lease contract for warehouses, including advising on the suitability of insurance requirements.
- Assisted Empresas COIPSA with reviewing an insurance programme, which related to the acquisition of fixed assets and a land leasing.
‘Always available and with an international outlook‘, JJR Abogados‘ four-strong insurance and reinsurance practice routinely represents both the London and worldwide reinsurance markets. It has particular expertise in marine insurance, along with political risk, earthquakes, broker liability, terms and conditions, compulsory adjustment procedures and regulatory issues. The group’s experience also covers insurance-related litigation and arbitration work. Co-leading the insurance, reinsurance and transport practice, founding partner Ricardo Rozas is ‘a very commercial shipping and insurance expert‘; and transportation and insurance litigation leader Max Morgan – who ‘achieves excellent results’. The associate to note, Stefano Perretta acts in insurance, reinsurance and transport-related litigation.
Ricardo Rozas; Max Morgan
‘Excellent quality of advice that is very reliable – always available and with an international outlook.‘
‘Great experience and provide a very professional service. The lawyers feel like an extension of your own team and tailor their service to our needs – one of the best firms I have worked with.‘
‘Good knowledge of both shipping and insurance law.‘
‘They have great knowledge and experience of the London insurance market, and their English is very good which is a bonus when dealing with lawyers and insurers whose first language is not Spanish. They are also very open and honest in their advice, and provide speedy responses to issues, clearly explaining the workings (and oddities) of Chilean law.‘
‘Max Morgan is exceptional. He is very commercial, pragmatic and really thinks about the needs of the client. He is always one step ahead and thinks about the issues from different angles. He is also approachable, responsive, knowledgeable and communicates very well.‘
‘Max Morgan achieves excellent results in cases. He is our go-to lawyer in Chile and one of the best lawyers I have worked with around the world. Nothing is ever a problem for him.‘
‘Max Morgan provides a great amount of detail.‘
‘Ricardo Rozas is a very commercial shipping and insurance expert.‘
North of England
Japan P&I Club
X L Global Services
The Shipowners Club
Atlantic Insurance & Reinsurance Brokers