Insurance in Colombia

Brigard Urrutia

Advising clients on M&A transactions, project finance matters, commercialisation schemes and major real estate and infrastructure projects, the insurance and reinsurance team at Brigard Urrutia is praised for its multidisciplinary service across the insurance sphere. Led by three expert partners, Carlos Umaña, who has considerable experience in infrastructure and public procurement matters; managing partner and former ambassador to the US Carlos Urrutia; and Irma Rivera Ramírez who also heads up the litigation, arbitration, and insolvency department, the group also stands out for its assistance with the incorporation of new insurance companies in Colombia. Highly recommended senior associate Lucas Fajardo also plays a key role in the practice, assisting with complex transactions carried out before the Colombian insurance supervisor (Financial Superintendence).

Practice head(s):

Carlos Umaña; Carlos Urrutia; Irma Rivera-Ramírez; Lucas Fajardo

Testimonials

The team is made up of lawyers with a wide legal background in such a specialised area. Their experience and legal acumen allows one to feel very confident in the legal advice they provide.

It is a very innovative team because it is very active on social networks providing very up-to-date information on advances in the insurance area. Likewise, it has a very organised process for billing on time.

The main factor that allows them to stand out is that their associates have experience in insurance companies, therefore, they have a very practical vision of the business that allows them to understand the concerns of companies more easily. In particular, Lucas Fajardo is a lawyer who easily recognizes the concerns or challenges of the sector and therefore provides comprehensive legal advice from a legal and business point of view. This factor is not easily found in other firms that have this type of service.’

The level of knowledge of the subject. Skill and use of another language. Promptness and accuracy in meeting the requirements. The ease of contact with the attorneys.

The lawyer’s high level of commitment and kindness: regardless of the date and time, they are willing to support sensitive organisational issues. We’d partiuclarly highlight Lucas Fajardo, Cesar Rodriguez and Carlos Daniel ‘Vergara.

Their wide and deep knowledge of insurance matters… I value the regulatory update very much. I highlight their knowledge, availability, friendliness, timeliness, effectiveness and efficiency.

A great firm, with a multidisciplinary approach. Lucas Fajardo is an excellent lawyer, who knows the regulations in detail and advises with knowledge and passion. The best insurance and reinsurance lawyers in Colombia.

The BU team knows our structure, which is unique in the world. It also knows the regulatory issues of our country in depth; all this has allowed us to operate in the Colombian market without any problem despite our peculiarities as a market. We have worked with BU since before starting operations in Colombia. I would emphasize their knowledge of the insurance / reinsurance market; knowledge of our structure, of our market; their willingness to support and collaborate and their response times and agility. The lawyer who attends us is Lucas Fajardo.

Key clients

American Bankers Insurance Group (Assurant)

Aon Corporation

Autovía Neiva Girardot

Aviva

BNP Paribas

Bupa Worldwide

China Harbour Engineering Company

MetLife Colombia Seguros de Vida

Munich Re (oficina de representación)

Lloyd’s (oficina de Representación)

PEI Asset Management

Work highlights

  • Advised BNP Paribas on its banking and insurance operations in Colombia in relation to the possible impact of the pandemic outbreak on their local insurance programme; as well as advising the group’s insurer, Cardif Colombia Seguros Generales on corporate, regulatory and contractual matters related to its day-to-day operations.
  • Advised Bupa on the launch of a new product in Colombia that is being reinsured by the group’s licensed reinsurer (Bupa Insurance Company) through a local cedant insurer; negotiations involved the restructuring of the existing commercialisation alliance with said local insurer.
  • Acts as legal counsel to Assurant in matters related to the expansion of their business of mobile insurances, extended warranties insurances and linked services in Colombia.

DAC Beachcroft Colombia

DAC Beachcroft Colombia offers an extensive service to insurers and reinsurers across domestic and international markets, with a particular strength in advising on complex and high-value claims. Practice head Juan Diego Arango leads the highly regarded team in advising across the full range of corporate, regulatory and contentious matters. Expert litigator Camila de la Torre provides a wealth of expertise representing clients before ordinary and national or international arbitral jurisdictions. Ana Catalina Restrepo, who joined from insurance boutique insurance Tamayo Jaramillo & Asociados, focuses her practice on cases related to civil liability, medical malpractice, financial lines and real estate. She also has an extensive track record in claims management. Senior associate Ángela Hernández also plays a key role in the practice.

Practice head(s):

Juan Diego Arango

Testimonials

The team is characterised by kindness, empathy, collaboration, professionalism and quality.

I liked the development of the themes due to the collaboration and empathy of the lawyers.

Teamwork is demonstrated in the solid results of their legal concepts and positions.

‘Their legal criteria are exceptional, clear and to the point. They differ in going straight to the point, beyond filling their concepts with information that is not relevant when making decisions.

Juan Diego Arango is undoubtedly one of the best Insurance lawyers in the country, his understanding of the insurance and reinsurance contract together with their practical application makes him a fundamental ally.’

Camila de la Torre is simply beyond the competition. Her work is exceptional and there is still no one on the market who compares with her.

Ana Catalina Restrepo: she has extensive knowledge and closeness to the local market, which facilitates relationships and the handling of complex claims.’

The arrival of the new partner is a novelty that favours relations with the local Colombian market by instructing DACB on matters.

It is an expert insurance firm and they correctly interpret the positions of reinsurers. The level of depth in their analsis is stands out from the rest of the competition.

Juan Diego Arango, great knowledge and management of the needs and positions of reinsurers.’

They have a much more competitive and higher-level team in their different ranks compared to the competitors.’

Key clients

TKM/HCC + LIU + Swiss Re + Navigators

Liberty International Underwriters

Zurich UK + QBE UK

Navigators

Tokio Marine Kiln + Chubb + LIU

Beazley

Tokio Marine Kiln + Chubb + LIU + Seguros Alfa

Liberty Specialty Markets

Salazar Pardo & Jaramillo Abogados

Handling some of Colombia’s most significant insurance claims, the insurance practice at Salazar Pardo & Jaramillo Abogados has a particular strength in high impact negotiations and complex litigation before the civil and administrative courts, as well as before arbitration panels. Founding partner and practice co-head Gabriel Pardo, possessing a long trajectory in the field, represents insurers, reinsurers, brokers and the insureds in contentious disputes, alongside Esteban Pardo, who handles cases related to financial lines, D&O, E&O, P&I, machinery breakdown, and loss of profits. The practice is particularly active across the oil and gas, finance, pollution and construction sectors. Former group co-head Carlos Ignacio Jaramillo now focuses his practice on arbitration matters.

Practice head(s):

Gabriel Pardo-Otero; Esteban Pardo-Lanzetta

Key clients

HFW

Clyde & Co

Arias Serna & Saravia

Challenger

Lemco

EPM

Ecopetrol

AXA XL

AON

ODL

Botero Salazar Tobón Abogados

Providing an extensive service to insurers and reinsurers alike, the well-regarded insurance practice at Botero Salazar Tobón Abogados handles a wide variety of litigation and regulatory matters for key clients in the industry. Led by the highly recommended Bernardo Salazar and litigator Luís Botero, the team is also particularly active across business interruption coverage matters; most notably assisting Liberty Mutual Insurance Latin America in a claim caused by Covid-19 under the Mapfre All Risk Material Damage and Loss of Profits Policy. Associate Liceth Alza left for Kennedys in early 2020.

Practice head(s):

Bernardo Salazar; Luis Felipe Botero

Testimonials

I have worked with the BST insurance law team led by Bernardo Salazar. The firm has a highly experienced team of lawyers, with a lot of mileage in insurance matters and claims, acting as a lawyer for insurance companies, intermediaries, among others. That vast knowledge and specific experience in insurance law make Bernardo and his team at BST the place to consider when faced with complex insurance matters that can lead to large claims or arbitration proceedings.

The people who work at BST are distinguished by their diligent work, their memoranda and legal opinions are very detailed and go to the bottom of every matter brought to their consideration. The price vs. quality ratio is very good.’

I would highlight Bernardo Salazar’s conceptual clarity along with his response time and availability to meet the needs of his clients.

‘The team’s support and accompaniment to the client is outstanding, it does not limit itself to giving a concept but it even accompanies its exposure to brokers, clients, cedants, co-insurers, etc.

Bernardo Salazar is clear and has criteria. In addition to a response time that is noteworthy‘.

Key clients

Suramericana

Seguros del Estado

Allianz Seguros

Mcdermott

Willis Tower Watson

Liberty Mutual Insurance

RPC

Aon

Work highlights

  • Assisted Liberty Mutual Insurance Latin America with a business interruption (BI) insurance claim caused by Covid-19.
  • Local counsel to McDermott in conjunction with Foley Hoag in a claim against Axa Colpatria Seguros under the terms of an architects and engineers professional liability policy issued to CB&I.
  • Represents Seguros del Estado in disputes involving the compliance of public contracts.
  • Represents Seguros Generales Suramericana S.A. in a case where the claimant was seeking the payment of moral and material damages.

Londoño & Arango Abogados

In the insurance sector, boutique firm Londoño & Arango Abogados has a wealth of experience advising insurance and reinsurance companies in arbitration and legal litigation related to D&O, E&O, liability for defective products, global banking, transportation, compliance and fire insurance policies. Alongside this, the group assists with the design and structuring of clauses of insurance contracts for insurance companies. The firm is headed up by partners Maximiliano LondoñoAgustín Londoño and Daniel Arango, all of which have established trajectories in the insurance law field and lead the six-strong group in acting on behalf of insurers and reinsurers in the handling of claims, objections and negotiations with the insured.

Key clients

Seguros Generales Suramericana

Grupo Argos

Interconexión Eléctrica – ISA

Cementos Argos

Promigas

Carvajal

XM Compañía de Expertos en Mercados

Comfama

Celsia

Nutresa

Work highlights

  • Represented SURA in a $50m recovery claim following a fire at a power plant in Colombia.

Tamayo Jaramillo & Asociados

The insurance practice at Tamayo Jaramillo & Asociados has recently undergone significant changes to its team structure. The department took a hit when leading lawyer Laura Restrepo left to set up her own firm alongside partner Ana Isabel Villa in mid-2020. This followed the departure of Ana Catalina Restrepo earlier in the year to DAC Beachcroft Colombia. However the firm has been bolstered by the return of partners Daniel Ossa Gómez and Laura Castaño Echeverri from Empresas Públicas de Medellín (EPM) and Ariza & Marin respectively. Led by former judiciary Javier Tamayo Jaramillo and risk analysis specialist Carlos Andres Gonzales Galvís, the 14-strong group has particular strength in advising on complex and high-value claims arising from accidents and environmental contamination to product liability and medical malpractice. Operating out of both Medellín and Bogotá, the firm represents insurance companies and claimants before civil, labour and administrative courts.

Practice head(s):

Javier Tamayo Jaramillo; Daniel Ossa Gómez; Carlos Andrés González Galvis

Testimonials

Experience and professionalism; outstanding attorneys: Carlos Gonzalez and Carolina de la Torre.

I recommend the firm for the technical quality and extensive knowledge of its partners.

Their expertise and track record in the market is unrivalled.

The availability of the team assigned to provide support on collateral issues that contribute to generating a greater climate of trust in the client. There is a strong study of the topic consulted and that generates a lot of trust.

Compared to other firms, I have been able to detect strict compliance with regulations related to social responsibility.’

The firm’s team of professionals is very committed and is always available to address your concerns.

Key clients

Chubb Seguros Colombia

Seguros Generales Suramericana

Seguros de Vida Suramericana

HDI Seguros

HDI Seguros de Vida

Compañía Aseguradora de Fianzas (Confianza)

SBS Seguros

Work highlights

  • Advised HDI Seguros regarding claims of an abusive clause made by Rapido El Carmen as a result of a bus accident. Represented HDI Seguros in the trial, obtaining a favourable decision in both the first instance, the Appeal Tribunal and again before the Supreme Court of Justice in a cassation suit.
  • Represented Suramericana in a class action lawsuit presented by plaintiffs for damages as a result of the construction of the Ituango’s Hydroelectric project.
  • Represents Seguros de Vida Suramericana in a matter involving a pension’s fund insurance and the survivorship insurance issued by the claimant.

DLA Piper Martinez Beltrán

The ‘supremely diligent‘ insurance team at DLA Piper Martinez Beltrán is particularly highlighted for both for its understanding of client needs and high degree of specialisation. Providing a complete offering, the group represents clients in judicial, arbitral and corporate issues of the insurance and reinsurance sectors, both at local and international level. Managing partner Camilo Martínez, who has broad expertise in handling complex dispute resolution cases, leads the practice alongside co-head Sergio Rojas, who specialises in risk analysis and liability matters. Recent work has seen the team involved in fiscal liability procedures initiated by the General Comptroller of the Republic, alongside acting as legal advisor for Fasecolda, the insurers association. Since publication, Rojas has been raised to the partnership – with effect from February 2022.

Practice head(s):

Camilo Martinez; Sergio Rojas

Testimonials

It is a team of integral professionals where, beyond a specialised practice, it provides complete advice that is not only limited to a field of legal knowledge; nevertheless, one always finds legal support from its professionals without restrictions on knowledge.

They are comprehensive professionals with extraordinary technical competence. But beyond that, they are people who understand the client’s needs.’

Without a doubt I have worked with other firms, but after meeting DLA Piper I do not contemplate any further changes of firm.

It really is a very serious team but at the same time professional and friendly.

There is a high degree of specialisation in the issues and also experience that inspires the performances, and which allows them to be more accurate in their appreciations and concepts.

There is nothing that makes them stand out in a particular way, but they offer a degree of flexibility in their dealings that contributes to a fluid relationship.

They are supremely diligent with remarkable knowledge of the insurance area and their concepts have allowed us to make decisions that have improved the development of the company’s business. For me, in this area, they are superior to other firms.

Attentive, available, agile and proposing formulas that allow the taking of administrative decisions that favourably impact the development of our company’s business. I highlight Sergio Rojas in this area.

It is a team that works in harmony with the insurer, providing support and accompaniment in cases.

Highly qualified staff.

Key clients

Zurich Colombia Seguros

Integral / Consorcio Generación Ituango

HDI Seguros de Vida

BTG pactual

Segurexpo de Colombia

Gases del Caribe

Work highlights

  • Acts as counsel to Integral and Consorcio Generación Ituango in the current and the possible insurance controversies that may ensue from the Hidrohituango’s crisis – one of the largest insurance crises in Colombia right now.
  • Advised Segurexpo de Colombia in the structuring and emission of a “compliance with legal dispositions” policy requested by Colombia Movil. The policy’s beneficiary is the Colombian Ministry of Technologies of Information and Communications and it covers the damages and sanctions that arise from the breach of the obligations established in Resolution No. 332 of 2020 of the aforementioned Ministry.
  • Acted as legal counsel and represented HDI Seguros de Vida in the administrative remedies  before the Colombian Financial Superintendency  in order to overturn the authority’s decision to prohibit HDI Seguros de Vida’s structure by means of which the companies executed its group life insurance policies.

Kennedys

Global firm Kennedys has witnessed a significant growth to the size of its insurance team, operating out of Bogotá. Practice head Mónica Tocarruncho leads the now 17-strong team in advising insurers, reinsurers and reinsurance brokers - both in Colombia and globally - on high-value claims. The team also has particular strength in advising on contentious insurance matters, including administrative and judicial proceedings, as well as arbitration and class actions. Senior associate Catalina Botero plays a key role in the practice and stands out for her work in the construction market.

Practice head(s):

Mónica Tocarruncho

Testimonials

Strong points availability, speed, international network, confidence in their advice and / or services.

With its international network, the office has many resources in the various legal areas that insurance covers.

It is a committed firm, technically brilliant, characterised by its timeliness and conceptual depth. Its partners and associates are respectful, diligent, and timely.’

Of course, it is an excellent firm, I highlight their conceptual quality and timeliness.’

Key clients

Zurich Insurance

Chubb Seguros Colombia

SBS Seguros Colombia

Hannover Rück

Berkley Re

Seguros Confianza

Seguros Generales Suramericana

Seguros de Vida Suramericana

Munich Re UK

Seguros Bolívar

IGI

Munich Re Syndicate

SCOR

Work highlights

  • Advised a local insurer and its reinsurers in a fiscal liability proceeding that seeks over COP 4tn as damages.
  • Represents the insurer in an arbitration tribunal related to the oil and gas industry in which COP1.2bn are claimed as damages.
  • Acted as counsel for the reinsurance market in an Arbitration Tribunal related to losses sustained by the public pension fund totalling over COP79bn plus interests.

Lexia Abogados

Formerly known as Torres Fernández de Castro Abogados, 2020 saw a rebrand and thorough digital modernisation at what is now Lexia Abogados, an insurance boutique that stands out for its application of legal technology and design to insurance law matters, and also acts for fintechs and start-ups. the practice is led by founding partner José Fernando Torres Fernández de Castro – whose past experience includes periods as vice president at insurers Fasecolda, Seguros Colmena, Bavaria and Colsguros (today Allianz Colombia); along with senior partners Juan Felipe Torres Varela and Jose Fernando Torres Varela. The team handles arbitration, litigation and conciliation in administrative, insurance and commercial disputes, and past matters include acting as legal counsel to the reinsurers Zurich and Partner RE in the renowned judicial process publicly known as the Hidroituango scandal.

Practice head(s):

José Fernando Torres Fernández de Castro; Juan Felipe Torres Varela; Jose Fernando Torres Varela

Testimonials

It is a professional team, with extensive knowledge in insurance and particularly in civil liability. Diligent, efficient and timely in the management of judicial processes.

Professional experience, human quality, attention, effectiveness and efficiency. Outstanding Partner: Juan Felipe Torres.

The insurer has contact with a particular partner of the firm who channels all our requests. This creates greater control between teams and better communication.

It has a very professional and specialised team, in addition to the technical quality of the concepts and accompaniments, there is excellent service.

Its has a recognised trajectory in the market and specialised legal tech knowledge.

It is a team that works in harmony with the insurer, providing support and accompaniment in cases. Highly qualified personnel,  a lot of technological innovation and new practices in digital matters. The firm’s managing partner always shows impetus and has a solid argument in the defence of his clients.

Managing partner Jose Torres and associate Juan Felipe Torres provide constant support and are always ready to attend directly to queries that arise. They are organised clear and timely in their accompaniment.

Their reengineering and focus on technology law and legal tech make the firm an interesting ally in these times.

The Lexia Abogados firm is, for us, one of the firms with the greatest knowledge, experience and experience in the field of insurance law in the sector. Doctors José Fernando Torres and Juan Felipe Torres stand out not only for their rigour, knowledge and high standards in legal consulting in insurance law, but also for their technical knowledge and especially for their human qualities and personal manner.

Lexia Abogados are pioneers in technological innovation in legal matters in Colombia.

It is a law firm that knows in depth the discussion of the legal process in which they represent the interests of the company; they are organised and always analyse the underlying structural problems, from the substantive legal discussion, as well as an insurance perspective.

In relation to the teams of other firms, they are at the height of the best firms in insurance matters, because they have a good work team, are ordered in relation to the assigned cases and participate in representative litigation of the company.

The partners have great human warmth and knowledge of the substantive legal issue, especially Jose Fernando Torres and Juan Felipe Torres.

They are at the level of large insurance firms in terms of news in their work.

Key clients

Liberty Seguros

Seguros Mundial

Seguros La Previsora

Seguros del Estado

Chubb Seguros

Nacional de Seguros

Suramericana de Seguros

Seguros Zurich

Work highlights

  • Acted for Zurich Colombia and Seguros Mundial in an administrative sanctioning proceeding brought by the Administrator of the Resources of the General Social Security Health System (ADRES), the amount of which was set at more than $33m.
  • Acted for Liberty Seguros as part of a process developed between the National Infrastructure Agency (ANI) and Coviandes; estimated value: $35m-plus.
  • Retained by the Superintendence of Insurance and Reinsurance as an independent international expert, in order to perform an analysis regarding the takeover and liquidation of an insurance company.

Posse Herrera Ruiz

Posse Herrera Ruiz‘s insurance practice covers the full range of insurance and reinsurance work across a broad array of sectors, including banking and finance, mining, oil, and construction. The highly regarded disputes firm draws on this additional expertise in complex contentious matters, recently acting for notable clients such as AON and HDI Seguros in several high-value cases. Led by two expert partners, litigator Carolina Posada and co-head of the corporate practice Oscar Tutasaura, the group has a particular strength in insurance-related M&A transactions and restructurings. Director Diana Salazar, whose practice also covers energy and natural resources, plays a pivotal role in the department, assisting with drafting and analysing coverages, auditing policy compliance, and regulatory concerns. Since publication: the January-2022- arrival of Natalia Escobar (as a partner of the banking and capital markets practice), has brought additional expertise in the insurance sector.

Practice head(s):

Oscar Tutasaura; Carolina Posada

Testimonials

The knowledge and depth of the associates. Willingness to serve the customer.

It is a very professional team but at the same time with good treatment and closeness to the client. Whoever is required due to their specialty is summoned to provide a comprehensive solution to the client.

They are very professional and methodical. Oscar Tutasaura, Lina Lineros and Santiago Osorio.’

They are a flexible firm which allows for a very fluid relationship.

They have knowledge of the topics consulted and their attention is very timely and diligent. Also their knowledge of financial regulations.

Key clients

HDI International

AON

Takami

Seguros Comerciales Bolívar

Compañía de Seguros Bolivar

Hamilton Re

Yara Colombia

Jmaluccelli Travelers Seguros

Puerto Antioquia

Consorcio CCC Ituango

Work highlights

  • Advised HDI International, part of Talanx, in regulatory matters concerning life insurance regulations and the rule for assigning life insurance portfolios to third parties or putting such portfolio into runoff.
  • Advised the Anglo-American-Irish insurance giant, AON plc, and Willis Towers Watson in insurance regulatory matters in Colombia, in obtaining the regulatory authorizations for a change in ownership of Willis, who is now owned by AON, in a global transaction.
  • Represented Takami S.A., one of the main restaurants group in Colombia, in a judicial process initiated against Allianz Seguros S.A., claiming the huge damages suffered by a restaurant due to construction work carried out by Icono Urbano S.A.

Vélez Gutiérrez Abogados

Led by highly regarded Ricardo Vélez, the insurance practice at Vélez Gutiérrez Abogados focuses on contentious matters in the insurance sector including civil, contractual, and state liability and administrative matters. Past work included advising Chubb Seguros on the legal procedure between the insurer and Coninvial in relation to the collapse of the Chirajara Bridge.

Zurek Gomez Abogados

With a focus on exclusively representing the insured, boutique firm Zurek Gomez Abogados represents clients in highly delicate, complex and sophisticated litigation proceedings against some of the largest national and international insurance and reinsurance companies. Possessing over 25 years of experience each, practice co-heads Maria Isabel Zurek and Enrique Gómez lead the team in advising on policy subscriptions, extrajudicial claims, and conciliation proceedings. With a dedication to permanent hands-on partner involvement, the firm is praised for its teamwork and feedback to clients.

Practice head(s):

María Isabel Zurek; Enrique Gómez Martínez

Testimonials

The work team must have enough time to understand and prepare the cases and their feedback is very useful. Our impression of the firm compared to others is very favourable; their training for clients is very important.

I highligh their expertise in the insurance market area. They are insistent and very capable. Maria Isabel Zurek and Enrique Gomez are the key names.

Key clients

UAESP (Unidad Administrativa Especial de Servicios Públicos)

Finagro (agrofisheries finance)

Flota Mercante (in liquidation)

Caprecom (in liquidation)

Pasar Express

Coviandes (Concesionaria Vial de los Andes)

Coninvial (Constructora de Infraestructura Vial)

Covioriente (Concesionaria Vial del Oriente)

Colpensiones (Administradora Colombiana de Pensiones)

TEBSA

CoviPacífico

Work highlights

  • Represents and advises Covioriente in an arbitration process for damages caused by the collapse of the bridge over the river Charte.

J. Correa Abogados

With a particular focus on the shipping industry, J. Correa Abogados is well versed in representing local insurers as well as its assureds in some of the largest transport casualties affecting the local insurance market. Leading the team, practice head John Correa has amassed almost more than 30 years insurance experience. Associate support comes from Andrés Felipe Ávila, who also engages in conciliation procedures.

Practice head(s):

John Correa E.

Testimonials

The experience demonstrated over many years on the insurance and transportation matters that are essential in our work. Collaboration -via clear concepts- that are requested for the analysis of internal cases of the company and the willingness to support his opinions and debate them if necessary. The permanent disposition to collaborate on the analysis of specific cases and their legal concepts as required, especially from the lawyers John Correa and Andrés Avila. We do not use other firms.

The orientation of the work according to the specialties of the lawyers. Time is saved in claims and process protocols. The lawyers of Correa Abogados maintain a coherent and cordial treatment, giving just enough time to wait for concrete answers in the negotiations with the insurers and clients. I highlight the issue of respect for diversity. Collaboration and attitude and professional advice stand out in all activities between our company and the firm. Professional quality, knowledgeable staff and immediate ability to update reports on claims.

Key clients

Seguros Generales Suramericana

Compañía de Seguros Bolivar

Constructora colpatria

Zurich UK

Hudson

La Previsora

Chubb Seguros

Mapfre Colombia

Italcol de Occidente

Agroavicola San Marino

Italcol

Albateq

Work highlights

  • Advised Seguros Sura S.A.(Republica Dominicana) and Seguros Comerciales Bolivar, Sociedad CFC S.A. on the economic damages derived from a fire on board on board M/V Odigitria; and successfully represented them, reducing the insurers contributions to costs and expenses.
  • Represented simultaneously Insurer Suramericana and cargo owners Italcol Occidente and San Marino (for the insurance deductible) in a successful claim against the carrier.
  • Represented Constructora Colpatria in relation to damages derived from the construction of a large business centre. In order to prevent the time bar limit of the civil liability policy, advised on the strategy of suing the insurer in order to get an order from the court to have them cover the potential liability claims in the amount of US$7.4m.

Medina Abogados

Having continued to grown since its establishment in 2019, the now nine-strong group at boutique insurance practice Medina Abogados continues to advise insurance companies on all insurance litigation matters. Led by founding partner Héctor Mauricio Medina Casas, the team also has experience working on insurance consultations in regard to public procurement processes. Germán Cajarmarca provides associate support, acting as director of litigation.

Practice head(s):

Héctor Mauricio Medina Casas

Testimonials

They gave us an assessment in the time of Covid-19 to review our insurance policies and optimise.

Personalised attention from Dr Medina. Great professionalism and knowledge of the insurance topic.

Very collaborative because they are proactive lawyers who contact the client to help and advise in times of crisis for the company.

It is a team that works in harmony with the insurer, providing support and accompaniment in cases.’

Highly qualified staff.

The Medina Abogados firm have demonstrated a high knowledge and legal rigour in matters of insurance law and procedural law related to the field of insurance. They are a reference for us when it comes to needing legal advice in large-scale, high-value or impact litigation.

Héctor Medina and Germán Cajamarca stand out for their high standards, knowledge and updating in the field of insurance law, added to their personal qualities make them one of the first firms with which we work not only important matters and complex but especially high-impact or confidential matters.

The Medina y Abogados firm are always at the forefront when it comes to regulatory updates, their work team is very competent and their fees are fair. They have state-of-the-art technology to manage the matters that are entrusted to them.

Philippi Prietocarrizosa Ferrero DU & Uría

Highly regarded counsel Rebeca Herrera joined Philippi Prietocarrizosa Ferrero DU & Uría in early 2020 to lead the insurance and reinsurance practice, supported by associate Paola Monroy. With over 20 years of experience in the field, Herrera is well versed in leading the team on advising major national and international companies across both contractual and regulatory disciplines, the structuring of insurance and reinsurance programs and the resolution of disputes regarding such matters.

Practice head(s):

Rebeca Herrera

Testimonials

Their technical knowledge of an industry as highly specialised as the insurance sector stands out. Their support and vision goes beyond the legal, which undoubtedly makes it easier to align business objectives with the regulatory and regulatory compliance strategy.

Their ability to transmit knowledge and experience in a simple – but at the same time – forceful way. Their human and ethical warmth is indisputable.’

It is worth highlighting that they permanently update us on the regulations with an impact on the industry.

Rebeca Herrera joining this team is a great addition to the firm’s insurance practice.’

I have worked with Rebeca Herrera on several matters where she has been local counsel for international reinsurers. Rebeca is very knowledgeable, well-connected and responsive. I will continue to work with her on cases in Colombia.

Key clients

Protección Agropecuaria Compañía de Seguros

Pan American Life Insurance Group

Pacific Re Corredores de Reaseguros

Atlantic Latam Corredores de Reaseguros

Atlantic Wholesale Insurance Brokers

The People’s Insurance Company of China (Hong Kong)

Poyectos Vértize

Mapfre Colombia Seguros Generales

BTG Resseguradora

Carpenter Marsh FAC Corredores de Reaseguros

Work highlights

  • Assisted Atlantic Latam Corredores de Reaseguros with  creating all the corporate and legal documents of and undertaking the representation of its shareholders to obtain the incorporation and operation licence for its creation as a new company in Colombia.
  • Assisted Pacific Re Corredores de Reaseguros with  creating all the corporate and legal documents of and undertaking the representation of its shareholders to obtain the incorporation and operation licence for its creation as a new company in Colombia.
  • Provided legal advice and representation to a construction company filing a claim against a Surety Bond issued by a Colombian insurer.