Firms To Watch: Insurance

In February 2021, Ariza & Marin launched its new insurance practice with the hire of new group-head Luis Felipe Estrada; an associate with over 10 years of experience, he has previously served as in-house counsel at Latin American insurance company, Seguros Sura.

Insurance in Colombia

Brigard Urrutia

An excellent multidisciplinary team‘, Brigard Urrutia‘s insurance and reinsurance group is composed of lawyers, ‘who are really dedicated to their clients‘, according to sources. The firm acts for an impressive roster of major insurers, which it advises on the full gamut of corporate, regulatory and contentious matters — it is notably sought after by foreign companies looking to register before the Financial Superintendence and is currently representing 56 such clients. Director Lucas Fajardoknows the industry like nobody else‘ and is recommended for his specialist focus on advising insurers and reinsurers on regulatory, corporate and contractual matters. Contentious specialist Irma Rivera Ramírez routinely represents insurance companies in major judicial and arbitral disputes, while managing partner Carlos Umaña is noted for his experience in non-contentious insurance; together they co-head the practice alongside Fajardo. In May 2021, insurance-focused associate Iván Montenegro re-joined the firm from JMalucelli Travelers Seguros, where he was legal director.

Practice head(s):

Carlos Umaña; Irma Rivera; Lucas Fajardo


‘An excellent multidisciplinary team, with a strong focus on the client and their businesses.’

‘Lucas Fajardo, director, stands out. He knows the industry like nobody else and is always available.’

‘Brigard Urrutia’s insurance and reinsurance team is comprised of lawyers who are really dedicated to their clients and who provide timely and pragmatic advice.’

‘Lucas Fajardo and Iván Montenegro are smart lawyers who know their business and who provide tailor-made advice to their clients.’

Key clients

Allianz Seguros

American Bankers Insurance Group (Assurant)

Axa APP Healthcare

Big Pass Edenred

Bupa Worldwide

Cardif Seguros Generales

Chubb Seguros Colombia

Coface Colombia Seguros de Crédito

Drummond Energy

Energía de Colombia STR

Fábrica Nacional de Autopartes (Fanalca)

Interconexión Eléctrica

Lloyd’s (oficina de representación)

Markel Syndicate Management (Syndicate 3000)

Munich Re (oficina de representación)

PEI Asset Management

QBE Europe

Starr Indemnity and Liability Company

Sekuritas, Corredores de Seguros

Zurich Insurance Group

Work highlights

  • Advised Chubb Seguros Colombia on insurance distribution agreements with local banks for its bancassurance business and also on corporate and regulatory matters regarding its daily operations.
  • Advised AXA PPP Healthcare on the structure of some reinsurance agreements with local insurers.
  • Advised QBE Insurance Group on the establishment of a representative office in Colombia, a process which required a major legal proceeding before the Financial Superintendence.

DAC Beachcroft Colombia

The Bogota outpost of insurance heavyweight DAC Beachcroft Colombia maintains the focused practice scope of the wider global firm, which is particularly evident with its adept handling of complex and high-value claims. On the contentious side, the group remains a popular choice to advise major multinational insurers and reinsurers on local and pan-Latin America matters. On the non-contentious front, the firm advises on local incorporations and general regulatory and compliance matters. Department head Juan Diego Arango is highly regarded for his record in complex litigation across various insurance lines. The group also benefits from the senior experience of consultant and litigation specialist Camila de la Torre and Ana Catalina Restrepo, whose practice has an emphasis on contentious cases related to civil liability, medical malpractice, financial lines and property. Key support is provided by senior associate Ángela Hernández.

Practice head(s):

Juan Diego Arango

Key clients

TKM/HCC + LIU + Swiss Re + Navigators

Liberty International Underwriters

AXA XL (Spain)

Mapfre Global Risks

Tokio Marine Kiln + Chubb + LIU




Work highlights

  • Advised on exposure and coverage position of a D&O policy that was triggered due to disciplinary and fiscal liability proceedings against several directors of the company for alleged negligence which contributed to the loss in the Hidroituango Project.
  • Appointed by Liberty International Underwriters, SBS and Chubb to handle the defence of the local cedant in proceedings arising from the triggering of a constructor liability policy, for the alleged damage caused to an apartment complex.
  • Appointed by Swiss Re, Liberty Specialty Markets and AIG to advise on coverage matters connected to a fiscal liability proceeding regarding alleged overruns in a hydroelectric project in Panamá.

Salazar Pardo & Jaramillo Abogados

Noted for its ‘specialisation in contentious matters related to insurance', Salazar Pardo & Jaramillo Abogados has a strong tradition of representing insurance companies, brokers and insured entities in complex and strategic disputes. The group’s experience encompasses Colombia’s core industries, including energy, financial services, construction and aviation, and it is well versed across all major insurance lines. Co-founding partner Gabriel Pardo is widely hailed as a leader in the insurance field and has a pre-eminent reputation for insurance litigation and advisory work. Esteban Pardo also has a strong record in contentious and regulatory matters, particularly in the financial, D&O, personal injury and equipment breakdown segments.

Practice head(s):

Gabriel Pardo; Esteban Pardo


‘We value its specialisation in contentious matters related to insurance, especially Gabriel Pardo-Otero.

Key clients


Clyde & Co

Arias Serna & Saravia








Arthur J Gallagher



Botero Salazar Tobón Abogados

A key player in litigation and arbitration procedures related to insurance', Botero Salazar Tobón Abogados' broad dispute-resolution expertise ensures it brings to bear extensive knowledge of the ‘problems that are typically generated in matters of litigation and arbitration’. The firm also houses a robust non-contentious practice, which spans insurance regulation, consumer protection and other relevant areas. High-profile figure Bernardo Salazar is a go-to insurance specialist, who stands out for his ‘years of experience in the insurance law business'. Salazar co-heads the department alongside litigator Luís Botero.

Practice head(s):

Bernardo Salazar; Luís Botero


‘The firm is a key player in litigation and arbitration procedures related to insurance in Colombia, and it transfers its expertise and experience in litigation when it comes to drafting agreements and analysing potential businesses in connection to insurance.’

‘The practice, led by Bernardo Salazar, has great and deep knowledge regarding the insurance business and regulation in Colombia.’

‘We appreciate the direct and permanent presence of partners as well as the team’s knowledge of the sector and of the problems that are typically generated in matters of litigation and arbitration.’

Key clients


Seguros del Estado


Willis Tower Watson



Allianz Seguros / Allianz Global Corporate & Specialty



Arthur J Gallagher & Co

Work highlights

  • Successfully represented Seguros Generales Suramericana in a civil liability-related case.
  • Represented Seguros Generales Suramericana in proceedings triggered by the breach of a civil works contract.
  • Advised Aena, on behalf of its insurance company Allianz Seguros, in a personal injury claim brought by an airline passenger following a fall while disembarking a flight in Barajas Airport.


Noted for its ability to provide ‘practical solutions to complicated cases’, Kennedys climbs a tier on the back of its continued growth and increasingly prominent position in the Colombian market. In a significant development, the group was bolstered in September 2022 with the hire of marine and transport specialist Mauricio Carvajal García, who joined from litigation boutique Carvajal Valek Abogados. The ‘supremely effectiveMónica Tocarruncho heads the department and is equipped to advise on all aspects of the insurance business, including contentious, regulatory and corporate issues. Director Catalina Botero provides specialist support.

Practice head(s):

Mónica Tocarruncho


‘The entire team, led by Mónica Tocarruncho, is top level; its rates are competitive and its lawyers are excellent professionals.’

‘Mónica Tocarruncho is an exceptional and supremely effective attorney who is committed to her clients. Mónica exceeds all of our expectations every time she represents us.’

‘It is a firm with great experience in insurance. The team always delivers solutions and proposals according to what is required and in order to achieve practical solutions to complicated cases.’

Key clients


Swiss Re

Munich Re UK



Berkley Re

Seguros Bolívar




Work highlights

  • Appointed by the cedant and the reinsurance market to represent Mapfre and its reinsurers in fiscal liability proceedings.
  • Advised Zurich, as the lead reinsurer, on handling a major fiscal liability claim with the local insurers and liaising with the Colombian entities.
  • Defended Seguros Confianza in arbitral proceedings discussing obligations to replace sub-standard sections of an oil-and-gas pipeline.

Tamayo Jaramillo & Asociados

Tamayo Jaramillo & Asociados garners plaudits for its ‘extensive knowledge of insurance law and liability issues’ as well as for its ‘great client-service attitude'. As an insurance boutique, the firm brings to bear extensive knowledge in all core areas of the sphere, with a keen focus on dispute resolution. Key names include seasoned expert Javier Tamayo Jaramillo, who is particularly recognised for his expertise in civil and medical liability. The group also includes risk analysis specialist Carlos Andres Gonzales Galvís, Daniel Ossa Gómez, whose practice has an emphasis on civil and state liability and fiscal liability, and Laura Castaño Echeverri, who is noted for transportation-related work.

Practice head(s):

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


‘For me, everyone in the office is very efficient, they are always willing to collaborate and they have a great client-service attitude. I highlight lawyers’ commitment and knowledge.’

‘The team is a vision of rectitude, ethical and legal principles, with high quality standards in its functions and service.’

‘The firm stands out for its knowledge and expertise in everything that is assigned to it.’

‘It is a widely recognised firm in the insurance sector. Lawyers’ teamwork denotes harmony and collaboration, and they have extensive knowledge of insurance law and liability issues.’

‘We value the firm for its reputation and experience.’

‘Laura Castaño Echeverri and Carlos Andres Gonzales Galvís are tireless in their work, their ideas and recommendations are sensible and correct and show empathy with the client and its needs.’

Key clients

Aseguradora Solidaria de Colombia

Cemex Colombia

Seguros Generales Suramericana

Seguros de Vida Suramericana

HDI Seguros

HDI Seguros de Vida

Compañía Aseguradora de Fianzas (Confianza)

SBS Seguros

Sodimac Colombia

Chubb Seguros Colombia

Work highlights

  • Successfully represented HDI Seguros before the Supreme Court of Justice regarding claims of an abusive clause made by Rapido El Carmen as a result of a bus accident.
  • Represented Seguros Generales Suramericana, as the insurer of a patient refused an abortion, in a complex medical negligence case.
  • Represented Compañía Aseguradora de Fianzas in claims connected to a breach of contract in the construction of a gas pipeline.

DLA Piper Martinez Beltrán

Among DLA Piper Martinez Beltrán‘s key attributes, sources highlight its ‘open communication channels‘ and ‘understanding of client needs‘. The insurance group stands out for striking a balance between acting for insured entities and insurance companies on contentious and regulatory matters, with particular experience in the construction, energy and financial services spheres. Camilo Martínez advises on insurance disputes, policy drafting and risk analysis, and co-heads the team alongside newly promoted partner Sergio Rojas, who has a focus on liability matters. Supporting associate Daniel Felipe Coca is also noted.

Practice head(s):

Camilo Martinez; Sergio Rojas


‘We recommend the team for its open communication channels, understanding of client needs, communication of strategies, detail and depth of advice and benchmarking process.’

‘Lawyers demonstrate flexibility, openness and interest to understand and address concerns and depth of knowledge.’

‘The relationship with our team is very good and very close. As much as we haven’t seen each other in person, Sergio Rojas is super attentive to chat, calls and always wants to support us. He makes us feel very comfortable with his advice and supports us on difficult issues.’

‘Sergio Rojas is a person who maintains a very close relationship with our company. He cares about the businesses we run and supports us with his structuring and negotiation skills.’

‘We highlight the professionalism and excellent support the firm provides.’

‘We were supported by Camilo Martinez, Sergio Rojas, and Daniel Coca; we value their quality of service and professionalism.’

Key clients

Zurich Colombia Seguros

Integral / Consorcio Generación Ituango

HDI Seguros de Vida

HDI Seguros

BTG Pactual

Segurexpo de Colombia

Gases del Caribe

Parque Arauco Corporativo and Inmobiliaria La Colina Arauco

Guy Carpenter Colombia Corredores De Reaseguros and Marsh & McLennan Companies

Work highlights

  • Represented Integral and Consorcio Generación Ituango in a high-value indemnity claim submitted by Empresas Públicas de Medellín against several parties.
  • Advised Segurexpo de Colombia and BTG Pactual on the structuring, draft and issuing of insurance policies requested by Isagen that cover the risk of compliance regarding energy sale and purchase agreements.
  • Acted for Zurich Colombia Seguros in several lawsuits filed against the General Comptroller of the Republic pertaining to fiscal liability proceedings.

Lexia Abogados

Lexia Abogados advises on the full spread of insurance issues, from compliance and regulatory matters, through to administrative procedures and dispute resolution. Firm founder José Fernando Torres Fernández de Castro has broad experience in the sector, honed by previous stints as vice president at several insurers, including Fasecolda, Seguros Colmena and Bavaria. Other key names include Juan Felipe Torres Varela, who focuses on administrative law, commercial law and fintech; and Jose Fernando Torres Varela, who has an emphasis on international dispute resolution and digital strategy.

Practice head(s):

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

Key clients

Liberty Seguros

Seguros Mundial

Seguros La Previsora

Seguros del Estado

Chubb Seguros

Nacional de Seguros

Suramericana de Seguros

Seguros Zurich

Londoño & Arango Abogados

Insurance is a mainstay at Londoño & Arango Abogados and the boutique firm provides advice across the full life-cycle of related matters, from regulation and contractual advice, through to supporting insurers in claims handling processes. Senior names to note in the seven-strong team include the dual-qualified (Colombia/New York) Maximiliano Londoño, Daniel Arango and Agustín Londoño — all are particularly well versed in contentious matters, including arbitral proceedings.

Posse Herrera Ruiz

Lawyers at Posse Herrera Ruiz possess ‘great knowledge of insurance'. The multidisciplinary group draws upon partners in corporate, financial law and litigation to provide broad coverage of the sector. Corporate specialist Oscar Tutasaura is noted for his non-contentious expertise and recently handled various regulatory, commercial and transactional matters. On the contentious front, high-profile litigator Carolina Posada is a key contact; she co-heads the practice together with Tutasaura. Financial law and capital markets partner Natalia Escobar is also equipped to advise on insurance law matters. Support is provided by director Diana Salazar, who specialises in energy and insurance and demonstrates ‘mastery of the insurance area'.

Practice head(s):

Oscar Tutasaura; Carolina Posada


‘Lawyers make you feel very well advised through their great knowledge of insurance.’

‘Director Diana Salazar is excellent! She has a mastery of the insurance area and excellent judgment. The cases are supported in-depth.’

Key clients

Norwegian Hull Club


IRB Brasil

MSC Re Intermediario de Seguros

HDI Seguros

Seguros Comerciales Bolívar

Financial Insurance Company

Hamilton Re

Work highlights

  • Representing Seguros Comerciales Bolivar in a high-value judicial proceeding.
  • Advising HDI Seguros Generales and HDI Seguros de Vida, the Colombian entities of HDI group underwriting insurance in Colombia, in connection with the regulatory approval by the Colombian insurance regulator for their merger.
  • Advising Norwegian Hull Club on the preparation of a legal memo addressing all legal issues and requirements in order for a foreign company to offer maritime insurance and reinsurance in Colombia, and also advising it on obtaining registration before the Colombian registry of MAT insurers and foreign reinsurers.

Vélez Gutiérrez Abogados

Widely recognised as a key player in the insurance law arena, Vélez Gutiérrez Abogados is recommended for its strong skill sets in both contentious and regulatory matters. That being said, it particularly shines in judicial and arbitral proceedings, with a focus on the construction and transportation industries. Key partner Ricardo Vélez is highly sought after for his impressive track record in dispute resolution on behalf of major regional and global insurance companies. Armando Gutiérrez is also a name to note.

Practice head(s):

Ricardo Vélez; Armando Gutiérrez

G Herrera Abogados & Asociados

New entrant to the table for 2023, G Herrera Abogados & Asociados  impresses sources with its ‘agile and efficient‘ team and its ‘important synergy between practices, which allows it to provide a broad spectrum of advice and defence‘. The insurance group is particularly recognised for its record in contentious matters, especially cases involving civil or administrative liability. Department head Gustavo Andrés Herrera  ‘is a responsive lawyer, who generates trust‘. He is capably supported by younger partners Jinneth Hernández  and Santiago Rojas , who specialise in insurance and litigation respectively.

Practice head(s):

Luisa Herrera; Gustavo Andrés Herrera; Miguel Agudelo; Jinneth Hernández


‘GHerrera is a firm that surpasses the quality of most law firms in Colombia: it is agile and efficient; communication with the office is easy due to the implementation of meetings in Teams or chats, which allows lawyers to be 100% available to the insurer.

Lawyers are very proactive, they perfectly explain the processes and steps to follow in each lawsuit. Additionally, they have a pleasant relationship with the company, that is, they provide perfect customer service.

A very organised firm, with a solid team of lawyers who are always ready to attend to urgent requests. It has both the tools and the technological experience to respond almost immediately to new guidelines and requests made. It is always up-to-date and maintains an important synergy between practices, which allows it to provide a broad spectrum of advice and defence.’

Key clients

Grupo Harinera del Valle

AXA Colpatria Seguros

Colmena Seguros de Vida y Riesgos Laborales


Mapfre Seguros Generales de Colombia

La Previsora

Liberty Seguros

Allianz Seguros

Zurich Compañía de Seguros

BBVA Seguros

Work highlights

  • Advised Mapfre Seguros Generales de Colombia in a claim against the municipality of Armenia relating to a road construction contract.
  • Represented La Previsora, Compañía de Seguros in an executive suit filed by Frutas de la Costa concerning a multi-risk insurance policy.
  • Advised Aseguradora Solidaria de Colombia on its attempts to get an insured state entity to exonerate it from an obligation to indemnify.

J. Correa Abogados

The insurance group at boutique firm J. Correa Abogados has a strong emphasis on the maritime industry. Practice sweet spots include hull and cargo policies, P&I cover, and third-party liability. Key contact John Correa brings to bear a strong record in multi-jurisdictional cases involving transport-related matters, financial liability and civil liability. Associate Andrés Felipe Ávila provides support and is well versed on the full spread of dispute resolution procedures, including conciliation.

Practice head(s):

John Correa

Key clients

Seguros Generales Suramericana


Constructora Colpatria

Banco Scotiabank Colpatria


Iglesia Palabra y Fuego

Chubb Seguros de Colombia

Perimetral de Oriente



Italcol de Occidente

Agroavicola San Marino

Consorcio Metalúrgico Nacional

Work highlights

  • Acted for Constructora Colpatria in two claims brought under compliance policies in relation to work carried out by a subcontractor.
  • Represented Seguros Generales Suramericana in bringing a civil action against a carrier of specialised medical equipment, following its damage during transportation.
  • Advised Mineros on defence strategy regarding a lawsuit due to a incident allegedly concerning a company vessel.

Medina Abogados

According to sources, Medina Abogados stands out for its ‘legal solvency and knowledge in matters of procedural law and insurance'. The insurance-focused boutique is primarily recognised for its robust contentious capability and routinely advises domestic and multinational insurance companies on judicial and arbitral disputes. Managing partner Héctor Mauricio Medina Casas has experience in contentious and non-contentious matters, while associate Germán Cajarmarca directs the litigation side of the practice.

Practice head(s):

Héctor Mauricio Medina Casas; Germán Cajarmarca


‘The firm responds in a timely manner to the insurer’s requests. Lawyers are available to attend meetings and open to take into account the technical aspects of insurance handled by the insurer.’

‘Héctor Mauricio Medina Casas responds quickly to the requests of the insurer. He is a trustworthy person.’

‘The firm stands out for its legal solvency and knowledge in matters of procedural law and insurance, in both the civil and administrative areas. Its team of lawyers have vast knowledge and training in this subject, and this is reflected in the remarkable results of the litigation that we entrust to them.’

Key clients

Zurich Colombia Seguros

Liberty Seguros

Compania De Seguros Bolivar / Seguros Comerciales Bolivar

AXA Colpatria Seguros De Vida / AXA Colpatria Seguros

Colmena Compañía de Seguros de Vida

Metlife Colombia Seguros de Vida

Philippi Prietocarrizosa Ferrero DU & Uría

Philippi Prietocarrizosa Ferrero DU & Uría finds favour with clients for its ‘very deep knowledge of the insurance industry in Colombia at all levels'. The team specialises in defending the interests of insureds, insurance companies and insurance and reinsurance brokers, but it also handles regulatory and product structuring matters. Counsel Rebeca Herrera -who is noted for her ‘creative and problem-solving attitude'- steers the team.

Practice head(s):

Rebeca Herrera


‘We value the firm for its knowledge in various insurance lines, in our case the financial and cyber spheres. Lawyers are always willing to resolve concerns with opportunity and quality.’

‘PPU has an exceptional team in the insurance field, accumulating many years of experience in serving significant clients in Colombia, including its continuous attention to one of the largest oil and gas companies in Latin America.’

‘The lawyers of this firm possess superior experience in tending to the most complex insurance and reinsurance programmes in the country. Rebeca Herrera demonstrates superior professionalism and legal expertise, as well as strong relationships with each of her clients.’

‘A very efficient team, which draws upon members with extensive experience and solid knowledge in the field.’

‘The professional quality with which all matters are addressed is remarkable, as is the response to queries. Another very important characteristic is the personalised and integrated follow-up from various areas, which is a differential feature in relation to other firms — there seems to be very good communication between departments.’

‘Rebeca Herrera and her team provide immediate responses, even outside office hours, and always in a clear and concrete manner. In the face of any inconvenience inherent to legal procedures, we always have an appropriate, clear and timely solution.’

‘The firm has a very deep knowledge of the insurance industry in Colombia at all levels, from regulatory aspects through to dispute resolution. It also has solid relationships within the sector, and an excellent reputation. Its relationships with international firms also gives it a global footprint.’

‘I have known Rebeca Herrera for many years, and have always been very impressed with her. We have worked together on several complex insurance losses. Rebeca is very knowledgeable, and her creative and problem-solving attitude have been essential for the successful resolution of our cases.’

Key clients

Mapfre Seguros Generales de Colombia

Financiera de Desarrollo Nacional

Oneglobal Broking

AON Corredores de Reaseguro

Protección Agropecuaria Compañía de Seguros

ACH Colombia

Goldman Sachs

Work highlights

  • Advising Mapfre in an international arbitration against a reinsurer.
  • Acting for Financiera de Desarrollo Nacional in an arbitration against an insurance company in Colombia that denied payments of dense expenses under a crime insurance policy.
  • Advising Oneglobal Broking in several Latin American countries, and in Florida in the US, on its registration and incorporation as a reinsurance and insurance broker.