Insurance in Mexico

Colin Vega Fletes Abogados

Stellar insurance boutique, Colin Vega Fletes Abogados, is a ‘unique office in the field of insurance’, with some even labelling it as ‘the best firm in this area’. The group is renowned for its proven litigation capabilities, and is the go-to department for a ‘spectacular client portfolio’, including reinsurers, domestic and international insurers, and local and foreign insurance and reinsurance brokers. Mexico City-based department co-head Francisco Guerra-Fletes, who is well known for his expertise in contentious work, is also well-versed in non-contentious matters, and boasts robust experience with clients from the construction, oil and gas, environmental, and aviation sectors. The practice ‘offers full flexibility when it comes to operations in both Mexico and Spain’ thanks to its Madrid office, where fellow department co-head Jose Luis Colin Vega is based. He specialises in dispute resolution related to cyber risks, aviation, financial fraud, political risk, civil liability, product liability, and insurance and reinsurance conflicts. The team counts a new partner among its ranks after the promotion of Raquel Adriana Aguirre, whose experience includes handling criminal cases related to financial and banking crimes, crisis management, money laundering and OFAC (Office of Foreign Assets Control).

Practice head(s):

Francisco Fernández Guerra Fletes; Jose Luis Colin Vega


‘A robust firm in knowledge and construction of strategies in insurance and surety matters.

‘Francisco Fernández’s orientation towards efficient and negotiated management is very unique compared to other Mexican lawyers who tend to settle disputes in court only.

‘They are, without a doubt, a unique office in the field of insurance. Probably, I would dare to say that they are the best firm in this area.

‘They are a young firm with a spectacular client portfolio. They have a know-how to deal with insurance and reinsurance issues that comes from understandings and logics of the international market and that does not really exist in our country.

‘The team offers full flexibility when it comes to operations in both Mexico and Spain. Their knowledge in cyber incidents allows them to build trust in this field with the dispatch superior to other generalists.

‘Colin Vega Fletes brings together various disciplines that, together with their specialization in the insurance sector and their knowledge in the field of cyber incidents, makes them the ideal firm for those entities with interests in these fields. Especially José Luis Colin Vega, due to his high specialization in cyber and his legal knowledge.

‘The team is made up of people with an understanding and sophistication of the insurance and surety business like few firms in Mexico, with an unusual ability to identify complex issues and find creative solutions.

‘Francisco Fernandez Guerra Fletes, Jose Luis Colin, and Raquel Aguirre are lawyers with a special talent for resolving and negotiating claims with a level of complexity and sophistication with very good results.

Key clients

Zurich Cia de seguros

HDI Global Seguros

Bupa Global

Kot Insurance Company

Seguros Inbursa

Grupo Nacional Provincial

Grupo Mexicano de Seguros



Work highlights

  • Representing reinsurers regarding a class action brought by more than 200 people claiming compensation due to civil liability deriving from the explosion of a Pemex pipeline in Mexico.
  • Instructed to represent a real estate joint venture fund in an arbitration against a Spain-based infrastructure developer due to contractual breaches and consequent insurance policy claims, related to a $50m project in Mexico City.
  • Advised under Mexican law regarding a claim arising out of damages suffered by a pipeline built in Mexican waters.

Creel, García-Cuéllar, Aiza y Enríquez, S.C.

Corporate powerhouse Creel, García-Cuéllar, Aiza y Enríquez, S.C. houses a consolidated and ‘highly-specialised’ insurance and reinsurance practice, which earns additional praise for its ‘professionalism, friendliness and efficiency’. Department-head, and regulatory specialist Leonel Pereznieto, boasts extensive experience advising global insurance and broker groups in connection with their local establishment and acquisitions, while also remaining active on contentious insurance and reinsurance mandates, with a focus on the negotiation and settlement of reinsurance claims, and/or their resolution through arbitration. The team is enhanced by the expertise of valued counsel María José Pinillos, who is lauded for her ‘exceptional way of transmitting knowledge’, and who provides additional experience in arbitration-related matters. Drawing on the firm's full-service capabilities, the team has been working closely with the tax department, recently, representing the Mexican insurance subsidiary of a global client in a tax assessment process and litigation.

Practice head(s):

Leonel Pereznieto


‘Their work is professional and experienced and is carried out efficiently.

‘They stand out for their professionalism, friendliness and efficiency, they have professionals with great experience in their legal field.

‘A highly-specialized team.

‘Maria Jose Pinillon Montano offers personalized follow-up, availability and an exceptional way of transmitting knowledge.

Key clients

Active Network

Cardif Mexico

MBIA Mexico

Assurant Mexico

Procesadora Tanok

Allianz Global Corporate & Specialty

El Aguila, Compañía de Seguros

Ocean International Reinsurance Company

Aspen Insurance UK

Axa Seguros

Work highlights

  • Advised Active Network -from insurance, consumer protection and data privacy standpoints- on the feasibility of implementing its Active Refund service in Mexico.
  • Assessed -from a labour law and insurance regulatory perspective- the possible implementation by MBIA Mexico of directly housing its own employees, as necessary to fulfill their corporate purpose and preponderant economic activity.  
  • Successfully obtained the registration of 18 reinsurers with the Foreign Reinsurers Limited registry that is kept by the Insurance Commission.  

Nader, Hayaux y Goebel, SC

Earning plaudits for its ‘extraordinary understanding of the insurance and reinsurance sector’, Nader, Hayaux y Goebel, SC's veteran practice group brings over three decades' experiences advising in the Mexican insurance field. At the helm of the team is Yves Hayaux-Du-Tilly, ‘one of the most important insurance experts in Latin America’, who has profound experience in a broad range of matters, including dispute resolution, product development, regulatory and corporate matters, corporate governance and compliance, as well as transactional work. Recent highlights include representing Principal Financial Group in the MX$280m transfer of the insurance portfolio from Principal Seguros to Seguros Banorte. Fellow partner Luciano Pérez, regarded by clients among the ‘best insurance attorneys in Mexico’, handles both contentious and non-contentious insurance matters, including the management of claims, the negotiations of settlements and the analysis of policies and coverage opinions. The practice is further strengthened by a local presence in London. Former senior associate Juan Pablo Sainz moved in-house as deputy general counsel at Global Prametrics in April 2022. Associate Enrique Salcedo is also noted.

Practice head(s):

Yves Hayaux-du-Tilly


‘The main differentiator is the extraordinary understanding of the insurance and reinsurance sector, not only in Mexico but from a global perspective. Having a presence in London greatly strengthens the legal perspective they bring to the table.’

‘In particular, Yves Hayaux is one of the most important insurance experts in Latin America. His business sense is very strong: informed of the most relevant trends, technically sound, and his network is a great asset.’

‘A solid team of lawyers with great customer service, experience and quality of service.’

‘Luciano Pérez is without a doubt our main contact. Luciano is one of the best insurance attorneys in Mexico, with a great ability to understand client problems and offer viable solutions.’

‘I believe that Yves makes a big difference with his knowledge of the subject and his involvement.’

‘The level of knowledge of local regulation as it applies to the specific sector of interest is excellent. In particular, when it comes to parametric products’

‘All members of the team are extremely knowledgeable and their levels of engagement are fantastic. Very articulate and helpful.’

‘Yves Hayaux knows everything about the insurance market in Mexico and has an excellent perspective on the law and regulation of other countries and the international environment.’

Key clients

AXA Seguros


Grupo Nacional Provincial

HSBC Seguros México

BNP Paribas Cardif

AON Risk Solution

Reinsurance Group of America

The Travelers Companies

BUPA Mexico

United Health Group


Principal Financial Group

Seguros BBVA

Global Parametrics

Grupo Excel

Mercado Pago

BMS Group



Work highlights

  • Represented Principal Financial Group on the transferral of Principal Seguros’ insurance portfolio to Seguros Banorte.
  • Represented the (re)insurance broker BMS Group on the purchase of 100% of the Mexican reinsurance broker PWS Mexico.
  • Advising Mercado Pago on the incorporation and operation of its insurance broker in Mexico, and on securing authorisation from the CNSF to incorporate said entity.

Garza Tello-Clyde & Co Mexico

Operating from Mexico City, and with a satellite presence in Ciudad del Carmen, Garza Tello-Clyde & Co Mexico's full-service insurance practice is renowned for its contentious capabilities, as well as for its prowess in the handling of a wide range of claims, regardless of the insurance/reinsurance area or amount. Key contacts include the talented Arturo Arista, who is frequently sought-out by domestic and foreign insurers, reinsurers, and mutual associations; and senior counsel Daniel Ruíz, both of whom provide additional expertise in corporate and regulatory issues, as well as cross-border matters. The practice is closely supported by the firm's international network of offices.

Practice head(s):

Arturo Arista


They have the capacity, training and adequate staff to meet the requirements of their clients.’

Willingness, availability, knowledge and updating in the subjects and services they provide.’

DAC Beachcroft Mexico

DAC Beachcroft Mexico‘s practice enjoys a well-deserved reputation in the insurance and reinsurance sphere -particularly for its excellent skills handling litigation mandates- and works closely with the firm’s global network of offices. Miguel Ángel De La Fuente helms the practice and specialises in financial transactions for insurance and reinsurance companies and brokers, while also advising on regulatory, corporate, finance, compliance, claims and product development, and ‘insurtech’. The non-contentious side of the group was reinforced with the arrival of senior associates David Gonçalves from Kennedys in December 2021, and María Isabel Alvarado Pérez from HSBC in January 2022. However, the practice endured the departures of senior associate Liliana Calvo Rojas in September 2021 and litigation-head Salvador Enrique Urbano in April 2022.

Practice head(s):

Miguel Ángel De la Fuente Estrada

Key clients

Zurich Compañía de Seguros

AXA Seguros Mexico

Munich Re

Asurion México

Mapfre Global Risks

Global Benefits Group

Tokio Marine Kiln

Liberty Mutual

Berkley LatAm & Caribbean Managers

DUAL International

INRECO International Reinsurance Company

Pan – American Life Insurance Company

AXA Partners

Work highlights

  • Advising reinsurers and other members of the London reinsurance market in connection with an insurance liability claim filed by two mining companies.
  • Advised a Mexican insurance company in connection with a civil/commercial claim filed by a Mexican banking institution, arising out of a rejection of coverage under a Banker’s Blanket Bond (BBB) policy, from a fraud caused to some banking institution’s ATMs.
  • Advised Dual International and Dual North America on the acquisition of 100% of the ownership interest in a local reinsurance broker named Dock Re.

Hogan Lovells

Full-service international firm, Hogan Lovells, offers extensive expertise in the formation and acquisition of insurance, surety and brokerage companies, as well as on day-to-day compliance and regulatory matters. Carlos Ramos, whose insurance expertise is complemented by his experience in corporate, M&A and energy law, heads a six-strong department that is instructed by a notable client roster comprising names such as Chubb, Liberty, Swiss Re, Zurich, Axa Seguros, and Pan-American México. Ramos is well-versed in securing regulatory approvals for setting up new insurance companies, handling the acquisition and sale of insurance companies, the development of joint ventures, and bancassurance matters. Additional partner level support on contentious mandates is provided by Omar Guerrero and Luis Ernesto Peón.

Practice head(s):

Carlos Ramos Miranda


Close support, good level of involvement, and proactivity when necessary.’

We have have worked Eduardo Siqueiros and Carlos Ramos, who has been in charge of maintaining and supporting our company with great professionalism, knowledge of the business and insurance sector. His closeness has been very valuable.’

Key clients

Solunion México Seguros de Crédito

Mapfre México


Insignia Life

Swiss Re

Liberty Insurance



Partner Re

Axa Seguros



Insignia Life

Guy Carpenter

Pan-American México, Compañía de Seguros

Work highlights

  • Assisted Solunión Mexico Seguros de Crédito with securing authorisation from the National Insurance and Bonding Commission (CNSF) to modify its by-laws as required by applicable laws.
  • Advised a Global Insurer on the process of authorisation to sell interests in the company.
  • Assistance to a Global Insurance Company with the strategy for the implementation of a complex acquisition of insurance business and bancassurance arrangement.


A skilled partner-duo consisting of the head of litigation, Alberto Torres, and Michael Hennessy, founding partner of the firm's Mexico-City office, co-head the practice at Kennedys. Hennessy specialises in insurance and reinsurance coverage advice and and dispute resolution; while Torres has a focus on representing insurers in insurance and reinsurance litigation matters in Mexico across a variety of industry sectors - including liability, energy, property, mining, marine, and aviation. Of late, liability -whether strict or absolute- has accounted for a considerable portion of the team's caseload. Senior associate David Gonçalves joined DAC Beachcroft Mexico in December 2021.

Practice head(s):

Michael Hennessy; Alberto Torres

OCAMPO 1890, S. C.

Ocampo 1890, S. C. houses an ‘exceptional practice in insurance and reinsurance mandates’, whose members earn additional praise for being ‘outstanding professionals’ who offer valued ‘legal support in both contentious and regulatory matters’. The group is well known for mainly representing reinsurers, and the defence of their interests in Mexico in litigations accounts for a sizable portion of the team's caseload. Managing partner Aldo Ocampo steers the practice. Although particularly renowned for his contentious work, including claims, disputes, and amparos, Ocampo also handles non-litigious matters, such as the development of insurance products; advice on adjustment processes and risk management; and the drafting, review and registration of insurance and reinsurance contracts; as well as regulatory and corporate matters. This latter focus of the practice is reinforced by the expertise of experienced associate Diana Ángeles.

Practice head(s):

Aldo Ocampo


‘Outstanding professionals in the area of insurance law and civil liability, fully integrated into a unit as if it were a football team. This makes the professional answers firm and deep. The legal knowledge of this firm is extensive and stands out above other firms in Mexico. Without a doubt, a reference in the country.

‘Aldo Ocampo has extensive knowledge. They are great specialists in the sector, which has the consequence that they generally know which way to go to achieve the demands of their clients.

‘The team has personalized attention and has a lot of knowledge in the matter (especially Insurance), we believe that they have the appropriate technology to provide their services.

‘Our main contacts at the firm are Aldo Ocampo and Diana Angeles, both of whom are very focused on details and support us with clear and precise opinions to be able to resolve efficiently and in accordance with the law, the different cases that we deal with. we face.

‘Ocampo is the best law firm for insurance issues in Mexico.

‘Aldo Ocampo has a great knowledge of international insurance and reinsurance law. He speaks perfect English.

‘Ocampo has an exceptional practice in insurance and reinsurance mandates, as they combine legal support in both contentious and regulatory matters.

‘The firm’s attorneys know the insurance industry very well and are available in a timely manner to handle cases submitted to their consideration.

Key clients

Mapfre Mexico


Berkley International Mexico Seguros

Kot Insurance Company, México


Philippi Puertocarrizosa Uría

AAR Agente de Seguros y Fianzas

Seguros El Potosí



HDI Global

SPP Institución de Seguros

AIG Aviation


Avla México

Inter, Agente de Seguros y Fianzas


Work highlights

  • Advised Mapfre México on the defence of discrimination cases and with the development of policies and products in accordance with non-discrimination policies.
  • Advised HFW in liability cases of CFE, totalling $30m.
  • Represented La Latinoamericana Seguros in a case for over 13 years to avoid payment for a fraudulent claim that was originally worth $5000m.

Adame González de Castilla & Besil

Boutique firm Adame González de Castilla & Besil houses a young, six-strong team, which is gradually consolidating its presence in the local market. Fronting the practice, which boasts a high level of specialisation in both corporate and regulatory matters, along with claims and contentious mandates, are founding partners Alvaro Adame and Ramiro Besil . Regarded as extraordinary lawyers – the pair trained at Nader, Hayaux y Goebel, SC and Garza Tello-Clyde & Co Mexico, respectively – the duo complement each other in their respective areas of expertise. Adame primarily handles regulatory, operational and transactional issues, product development and the establishment of Mexican and foreign insurance and reinsurance companies in Mexico (among other matters); while Besil advises insurers, reinsurers and brokers on marine, energy, aviation and non-marine matters.

Bello, Gallardo, Bonequi y García, S.C.

Bello, Gallardo, Bonequi y García, S.C. is gaining more and more presence in the insurance and reinsurance domain, with its practice focused on advising insurance institutions and insurance brokers regarding compliance, the structuring of new insurance products, and representation in administrative procedures and litigation, as well as acting for clients in transactions with insurance and surety companies. Key contacts include founding partner Miguel Gallardo Guerra; Juan Bonequi, who leads the litigation-services practice group; and Javier Pérez Moreno, who was promoted to partner in January 2022, and boasts solid experience working with clients from regulated sectors such as fintech, banking, insurance, and health.

Practice head(s):

Miguel Gallardo-Guerra; Juan Bonequi; Javier Perez Moreno

Key clients


Seguros Sura




Hospital Sedna

Seguros Banorte


Mercado Libre


Compara en Casa

Work highlights

  • Advising Aon Group on all insurance and reinsurance regulatory requirements.
  • Advising Seguros Banorte regarding several insurance litigation cases, including litigation against CFE (the Federal Electricity Commission) in Mexico.
  • Advising Preminem Mexico on insurance regulatory matters and data protection risks on a daily basis.

Galicia Abogados S.C.

Galicia Abogados S.C. offers a cross-disciplinary insurance and reinsurance practice led by Humberto Pérez Rocha, who brings to the table his additional expertise as co-head of the banking and finance and M&A teams. The department is a recurring choice for domestic and international insurance and reinsurance players in need of assistance with regulatory, complex insurance and reinsurance transactions, claims and insurance-related disputes, and arbitration proceedings. Recent work highlights include advising GNP with the development of potential new corporate structures for the specialised services that Multiasistencia provides to the policyholders of GNP with assistance and care services in case of loss. Associate Ricardo Montejano is also noted.

Practice head(s):

Humberto Perez Rocha

Key clients

HSBC Pensiones

The Hartford Steam Boiler Inspection and Insurance Company


Grupo Nacional Provincial

Pensiones Sura

Seguros BBVA

UBS International Solutions


Seguros Sura

Seguros Citibanamex

Work highlights

  • Handled the yearly registration renewal before the General Registry for Foreign Reinsurers of the National Insurance and Bonding Commission for The Hartford Steam Boiler Inspection and Insurance Company.
  • Assisted GNP to develop several potential new corporate structures for the specialised services that Multiasistencia provides to the policyholders of GNP with assistance and care services in case of loss.
  • Advised on a transaction consisting in the assignment of a credit portfolio and an insurance portfolio entered into by and between Pensiones Sura (the client) as assignor, and Pensiones Banorte as assignee.

Martínez, Algaba, de Haro y Curiel

Martínez, Algaba, de Haro y Curiel exhibits great strength on the litigation side of the insurance arena, handling disputes in which it represents major companies in Mexico such as AXA Seguros or MetLife. The highly-specialised group, fronted by seasoned litigators Javier Curiel, Daniel Ortega and Javier Altamirano, boasts over two decades' experience in complex insurance matters, such as life insurance with investment, damages, medical and health expenses, and civil liability. A second line of practitioners composed of senior associate Bernardo Basaldua and associate Eduardo Carrión, provides additional support and expertise.

Practice head(s):

Javier Curiel Obscura; Daniel Ortega González; Javier Altamirano Hernández


‘The firm offers a very specialised service. We cannot have a margin of error and the firm has managed well.’

‘Always fast and attentive service by the lawyers.’

Key clients

ING Group

AXA Seguros

MetLife México

New York Life México

HSBC Seguros