Insurance in Mexico

Colin Vega Fletes Abogados

With ‘spectacular insight and knowledge of the international insurance and reinsurance market’, boutique firm Colin Vega Fletes Abogados is a force to be reckoned with in the insurance sector, and is an undeniable heavyweight when it comes to litigation. Francisco Guerra-Fletes, who has recently been involved in several arbitrations in various jurisdictions, has broad experience advising insurers and reinsurers on complex claims related to environmental liability, professional liability, fraud, fidelity bonds, D&O, onshore and offshore energy (oil and gas) and construction liability.  In June 2021, fellow partner José Luis Colin Vega - who specialises in dispute resolution related to cyber risk, financial fraud, political risk, product liability and insurance, among other areas - moved to Madrid as head of the firm's Spanish office, reinforcing its international reach among European entities. The five-partner team includes other key practitioners such as Raquel Adriana Aguirre and Luis Valle. Recently, the department has been particularly busy handling Covid-related arbitrations.

Practice head(s):

Francisco Guerra-Fletes, José Luis Colin Vega


‘It is a very robust firm with great experts who take the time to listen to needs, questions and concerns and offer solid strategies’

‘Absolute experts in the insurance sector’

‘Spectacular insight and knowledge of the international insurance and reinsurance market. Follows international reporting standards. Very pragmatic and hands-on approach’

‘I have never encountered such a hard working team of lawyers. Colin Vega Fletes Abogados provides creative solutions, including finding the best billing practices for the client, to help the client manage the financial demands of litigation’

‘They know how to use their paralegals and juniors wisely, always mindful of the client’s needs. Jose Colin Vega’s approachability, work ethic and client management makes him stand out from the rest’

Key clients


HDI Global Seguros

Bupa Global

KOT Insurance Company

Sura México

Seguros Inbursa

Grupo Nacional Provincial

Grupo Mexicano de Seguros (GMX)




QBE Compañía de Seguros (Zurich Aseguradora Mexicana)

KOT Insurance Company

Work highlights

  • Acted in a dispute involving a touristic industry player regarding business interruption coverage triggered by the lockdown and halt of activities due to the Covid-19 outbreak.
  • Provided advice under Mexican law to a client regarding a claim arising out of damage to a pipeline.
  • Represented several parties as reinsurers in relation to a large D&O claim regarding a class action in the US.

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

Full-service firm Creel, García-Cuéllar, Aiza y Enríquez, S.C. has established a leading reputation in several fields of law and industry sectors in Mexico, and insurance is no exception. The six-strong practice, headed by Leonel Pereznieto, is a popular choice for insurers and reinsurers for assistance in M&A, finance, corporate governance, regulatory and day-to-day matters, and is also increasingly active in contentious insurance matters. Pereznieto, who also regularly guides global insurance, reinsurance and broker groups in connection with their local set-up and acquisitions, is closely supported by counsel María José Pinillos, who is also highly regarded and focuses primarily on transactions and regulatory compliance issues.

Practice head(s):

Leonel Pereznieto


‘The team has been very responsive, detail-oriented and precise from the beginning. Each member of the firm I have been working with so far seems to have a profound knowledge of its field of expertise’

‘Eduardo Gonzalez and Leonel Pereznieto are both highly competent and fun to work with in a sense providing confidence’

‘Leonel Pereznieto and Maria Jose Pinillos have a total and complete disposition at all times, extremely knowledgeable, even beyond their jurisdiction’

‘They are very knowledgeable about the operational side of insurance, day-to-day issues and practical matters that other firms struggle to understand’

Key clients

Ministry of Finance (Mexican Government)

El Águila Compañía de Seguros

Seguros Sura

MBIA Insurance Corporation

Axa Mexico


Arch Capital

Bupa México

Cardif México


Work highlights

  • Advised the Ministry of Finance on the structuring of a new Cat Bond sponsored by the World Bank and involving Swiss Re, including restructuring pre-existing frameworks due to the wind-down of the FONDEN catastrophic risk government trust.
  • Conducted the regulatory process required to secure the authorisation from the insurance Mexican regulator for Arch Capital to obtain indirect control of Coface Mexico.
  • Obtained the registration of Aspen Bermuda Limited with the Foreign Reinsurers Registry that is kept by the CNSF.

Nader, Hayaux y Goebel, SC

Regarded as the ‘allies you want to have by your side in a complex negotiation’, Nader, Hayaux y Goebel, SCComparative Guides promotional icon has a well-established practice in insurance, with a notable local presence in both Mexico and London. The department has vast expertise across various non-contentious mandates, including corporate, regulatory, transactional, compliance, product design and product development. It also shows good skills in contentious matters, including claims, coverage issues, and insurance and reinsurance recoveries, among other areas. Well-regarded practice head Yves Hayaux-Du-Tilly is well versed in transactional work, dispute resolution, product development, regulatory and corporate matters, corporate governance and compliance. Other renowned members of the team include Luciano Pérez, who covers the gamut of non-contentious insurance services; and London-based senior associate Juan Pablo Sáinz, who advises UK-based clients on Mexican law in relation to coverage and regulatory issues and international transactions. Since publication, Sainz has moved in house as deputy general counsel at Global Prametrics - effective as of April 2022.

Practice head(s):

Yves Hayaux-du-Tilly


‘A team that adapts to the needs of the client. Always professional, technically sound and with impeccable service’

‘Luciano Perez is always available, empathetic to the needs of the business, agile in his responses and technically solid’

‘They are the allies you want to have by your side in a complex negotiation. Yves Hayaux is experienced like few others’

‘Their global vision of the issues is excellent and they are also very good advisors on complex issues or large-scale negotiations’

Key clients

AXA Seguros


Grupo Nacional Provincial

HSBC Seguros México

BNP Paribas Cardif


Reinsurance Group of America

The Travelers Companies

BUPA Mexico

United Health Group

Sofia Salud

Protección Agropecuaria Compañía de Seguros (Proagro)

Principal Financial Group

Seguros BBVA

Global Parametrics

Grupo Excel

Mercado Pago

Work highlights

  • Advised Global Parametrics on the terms under which the parametric insurance policy purchased from it by the state of Quintana Roo to restore its reefs and beaches from damage caused by hurricanes was placed and reinsured.
  • Advised Bayport on the current Bancassurance structure under which it provides insurance coverage to its clients.
  • Advised AXA México on the structuring and negotiations of the contractual documentation of a joint venture with Keralty.

DAC Beachcroft Mexico

DAC Beachcroft Mexico's renowned insurance practice, praised by a client as a ‘reference in the insurance sector’, was reinforced in 2020 with the arrival of partner Miguel Ángel de la Fuente, who joined as head of claims and corporate and regulatory. He stands out for his extensive experience not only on claims management and handling, but also in structuring policy wordings, mainly in property and casualty (P&C), aviation, marine and energy, and financial lines. He co-leads the 12-strong department alongside litigation head Salvador Enrique Urbano, who regularly represents major companies from the insurance and reinsurance spheres, brokers and Lloyd’s syndicates in numerous contentious claims before federal and local courts in all Mexican circuits. Senior associates Liliana Calvo Rojas (specialised in financial lines); Luis Felipe García (claims, recovery and regulatory); Alfonso Loera (claims and litigation); and Eduardo Sanchez (corporate and regulatory) are other key members of the team, which works seamlessly with the firm's international network. Former managing partner Rodrigo Fernandez-Guerra left the firm in May 2020.

Practice head(s):

Salvador Enrique Urbano; Miguel Ángel de la Fuente


‘They are a reference in the insurance sector’

‘Very committed to their clients and provide excellent service.’

‘Enrique Urbano is an excellent litigator and advisor to his clients’

Key clients

Zurich Compañía de Seguros

AXA Seguros

Munich Re

Lloyd’s Syndicates


XL Catlin

Liberty Mutual

Mapfre Global Risks

Tokio Marine Kiln

Mapfre-Division MSIG

Mitsui Sumitomo Insurance Group


Global Benefits Group

Work highlights

  • Advising a local insurance company and its reinsurers in connection with a loss involving an accidental fire that occurred in a shopping centre in Mexico City in 2018.
  • Advising two insurance companies on a portfolio transfer of an entire insurance portfolio of one of them.
  • Advising a client in connection with an insurance liability claim filed by two mining companies.

Garza Tello-Clyde & Co Mexico

Arturo Arista, who is renowned for his track record in contentious mandates, heads the five-strong practice at Garza Tello-Clyde & Co Mexico, which covers a wide range of claims for national and international insurers and reinsurers in a range of matters, including general liability, product liability, professional liability, D&O and E&O. Working closely alongside Arista are senior counsel Daniel Ruíz, who acts in contentious, regulatory and commercial insurance issues; and international arbitration specialist Vicente Bañuelos, who was promoted to partner in May 2021. The firm operates from its offices in Mexico City and Ciudad del Carmen, and can also draw on the resources of its London office.

Practice head(s):

Arturo Arista

Hogan Lovells

Hogan Lovells has successfully established its footprint in the Mexican insurance market, showing prowess in both the transactional and regulatory aspects of the sector, and putting to good use its expertise in the formation and acquisition of insurance, reinsurance, surety, and brokerage companies and agents. The team is also skilled in handling day-to-day compliance and regulatory issues, including the development of insurance products, policies and contracts. Names to note include regulatory expert Carlos Ramos, Omar Guerrero and Luis Ernesto Peón.

Practice head(s):

Carlos Ramos; Omar Guerrero; Luis Ernesto Peón

Key clients

Solunion México Seguros de Crédito

Mapfre México


Insignia Life

Swiss Re

Liberty Insurance



Partner Re

Axa Seguros

Work highlights

  • Advised Solunion on contentious and regulatory matters.
  • Advised Mapfre on contentious matters.
  • Advising Swiss Re on corporate and regulatory compliance.


With considerable skills and expertise in insurance and reinsurance coverage advice, as well as in insurance litigation, department head Michael Hennessy heads the 16-strong practice at Kennedys in Mexico. Hennessy, qualified in both Mexico and England and Wales, can count on his team of experienced practitioners such as partner Alberto Torres and senior associate David Gonçalves, who has a particular specialism in recoveries. Together the team handles claims and litigation defence across all insurance risks, such as general liability, construction, property, energy, aviation, marine, life and health, among other areas.

Practice head(s):

Michael Hennessy; Alberto Torres

OCAMPO 1890, S. C.

With extensive experience in the market, Mexican boutique firm OCAMPO 1890, S. C. has established a solid reputation for insurance matters. Originally founded as a litigation-oriented firm, an area in which it continues to exhibit significant strength, the firm has over the years moved into regulatory and corporate matters related to insurance companies. Managing partner Aldo José Ocampo heads the five-strong team, which is largely focused on contentious matters, including claims, disputes, coverage determination, policy analysis and reinsurance contracts. For support on the non-contentious side of the practice, Ocampo relies on experienced associate Diana Ángeles, who handles mandates such as the development of insurance products, risk management, and the draft, review and registration of insurance and reinsurance contracts, as well as regulatory and corporate matters.

Practice head(s):

Aldo José Ocampo


‘They understand Mexico’s regulatory framework in detail. Aldo Ocampo’s extensive knowledge of both local and international regulation allows him to provide outstanding consultancy’

‘It is a close-knit and cohesive team, with solid insurance expertise’

‘This practice is unique as it combines excellent litigation advisory services in insurance law as well as experienced regulatory advise’

‘Aldo Ocampo has wide-ranging knowledge in the insurance industry. When key advice is required in insurance law and regulation matters Aldo is the person you need’

‘This firm starts from its understanding of clients’ background and special needs to be able to deliver a tailor-made service’

Key clients

Mapfre Teeyac


Berkley International Mexico Seguros

Kot Insurance

Zurich Global

Philippi Puertocarrizosa Uría

AAR Agente de Seguros y Fianzas

Seguros El Potosí


HDI Gerling (Germany)


HDI Global

SPP Institución de Seguros

AIG Aviation


Avla México

Inter, Agente de Seguros y Fianzas


Work highlights

  • Filed for an authorisation of a new insurance carrier in Mexico on behalf of client Avla Seguros México.
  • Retained by Circuitronix to file a claim to be paid by its insurer and landlord with regards to a fire that occurred in 2020.
  • Represented Seguros El Potosí against CBL Insurance, a New Zealand reinsurer that currently is being declared bankrupt; the firm handled several lawsuits in Mexico and New Zealand.

Adame González de Castilla & Besil

Boutique firm Adame González de Castilla & Besil houses a ‘young but experienced’ four-strong team, which is gradually gaining a solid presence in the local market. Fronting the practice, which boasts a high level of specialisation in both corporate and regulatory matters and claims and dispute resolution matters, are founding partners Álvaro Adame and Ramiro Besil. Regarded as two ‘extraordinary lawyers’, the duo complement each other in their areas of expertise. For example, Adame handles regulatory, operational and transactional requirements, product development and the establishment of Mexican and foreign insurance and reinsurance companies in Mexico, among other matters. Besil advises insurers, reinsurers and brokers on marine, energy, aviation and non-marine matters.

Practice head(s):

Álvaro Adame; Ramiro Besil


‘A young but experienced team, with a great capacity to adapt to the client’s needs’

‘Álvaro Adame is a reliable lawyer, with integrity, technically sound and eager to provide the best possible service to his clients at every opportunity’

‘Alvaro Adame and Ramiro Besil are extraordinary lawyers with immediate responsiveness’

‘What makes this practice unique is its knowledge and adaptability to the needs of the firm’

‘The firm really knows the local (insurance) market and has very good insights in the broader region of Central and South America. Both partners are very pleasant to work with, know their business, are punctual and have very good language skills’

‘Ramiro Besil knows how to manage plaintiffs, to get them to come to the table, and where settlement is not achievable, he knows how to fight. This is a small boutique firm with competitive rates’

‘Service oriented and very responsive. I have found both Alvaro Adame and Ramiro Besil to be very responsive and reliable’

‘Personalised attention’

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

Compliance expert and founding partner Miguel Gallardo Guerra co-heads the department at Bello, Gallardo, Bonequi y García, S.C. in conjunction with fellow founding partner and seasoned litigator Juan Bonequi and senior associate Javier Pérez, who also leads the healthcare practice. The specialised insurance team, which ‘maintains constant communication and supervision’ with clients, is equipped to provide advice to insurance institutions and insurance brokers on compliance, the structuring of new insurance products, administrative procedures and litigation. The sizeable team also covers day-to-day corporate and regulatory matters, including via placing its lawyers on secondment with clients.

Practice head(s):

Miguel Gallardo Guerra; Juan Bonequi; Javier Pérez


‘The team maintains constant communication and supervision’

‘Diversity and inclusion, and their pro bono activities distinguish them’

‘Juan Bonequi and Miguel Gallardo are outstanding members of the team’

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.
  • Advises Preminem Mexico on insurance regulatory matters and data protection risks on a daily basis.

Galicia Abogados S.C.

Galicia Abogados S.C.'s five-strong insurance department, which is jointly led by Rodrigo Zamora (who also heads the commercial litigation and arbitration practice) and transactional expert Humberto Pérez Rocha (who is also highly experienced in banking and finance, project finance and M&A), is a solid choice for many domestic and foreign entities and corporations for advice on insurance-related corporate matters and regulatory issues. Clients also seek the team's assistance in the analysis and negotiation of claims. The practice has developed extensive knowledge in the financial services, food and beverage, energy, oil and gas, retail and mining industries, and handles some interesting cases in state and federal courts, as well as before domestic and international arbitral tribunals.

Practice head(s):

Humberto Pérez Rocha; Rodrigo Zamora


‘They have broad and deep knowledge of the regulation of the law of Insurance and Bonding Institutions, the law on the insurance contract, and everything related to the law of Commercial Companies applicable to Insurance Institutions’

‘Humberto Pérez Rocha has extensive knowledge of insurance and bonds, companies and contracts. He has very good experience of the Mexican financial system in which insurance companies operate, and the interaction with the various regulators’

Martínez, Algaba, de Haro y Curiel

Garnering praise from clients for bringing a ‘high level of attention and knowledge to matters’, specialised insurance litigation firm Martínez, Algaba, de Haro y Curiel is known for advising on a wide range of mandates, with particular knowledge of the life insurance segment, among other areas. Experienced partners Javier Curiel Obscura, Daniel Ortega and Javier Altamirano head the team, which combines commercial and regulatory knowledge, and is also a popular choice for advice on insurance products. Key support comes from senior associate Bernardo Basaldua.

Practice head(s):

Javier Curiel Obscura; Daniel Ortega; Javier Altamirano


‘They bring a high level of attention and knowledge to matters. The MAHC team knows the insurance sector very well’

Key clients

ING Group

AXA Seguros

MetLife México

New York Life México

HSBC Seguros

Santamarina y Steta

The ‘agile, precise and very politeFrancisco Torres, based in Monterrey, heads the department at Santamarina y Steta, which is highlighted for studying ‘not only the regulation but also what motivated the regulation’. The seven-strong practice advises local insurance companies and foreign carriers undertaking insurance activities in Mexico, in consultancy matters, insurance product review, regulatory authorisations, and contractual and policy document reviews. Key support comes from Mexico City-based partner Carlos Olvera, who brings his considerable skills in litigation.

Practice head(s):

Francisco Torres


‘They study not only the regulation but also what motivated the regulation, which gives us great peace of mind when making strategic decisions such as in the case of teleworking’

‘They are very agile in their responses and have important contacts in other countries, which helps us a lot in needs of international impact’

‘Francisco Torres is agile, precise and very polite. He is positively different from the majority’