Insurance in Peru
Kennedys is differentiated by its specialisation and international coverage via the Kennedy's global brand. Locally, managing partner Marco Rivera Noya is 'the definitive leader of the legal insurance market' and 'a pleasure to work with'; moreover he 'is always a step ahead' and 'willing to fight cases'. His team of associates 'go beyond the theory', have 'extensive experience' and include the 'outstanding' Alonso Barreda and 'true regulatory lawyer' Noriko Hasegawa. The insurance offering is fully comprehensive, including litigation and arbitration, and the practice has rapidly developed a roster of leading players as clients, including Rimac Seguros y Reaseguros, Liberty Mutual, Chubb and Swiss Re. Current mandates include representing a group of reinsurers -including Munich Re- in a $40m claim following El Niño rain damage to two hydroelectric plants in 2017.
Established market leader Osterling Abogados has 'deep and incomparable knowledge of the insurance business, practice and regulation', largely due to the expertise of head partner Enrique Ferrando, described as a 'star individual' and the 'best insurance lawyer in the field'. The practice is lead adviser to domestic insurance giant Rimac Seguros y Reaseguros, which it is currently defending in a $30m arbitration against Luz del Sur concerning a policy covering a key hydropower project in Machu Picchu. Other clients include Arthur J Gallagher Perú Corredores de Seguros, Swiss Re International and QBE Insurance (Europe) among many others. 'Great asset' Gabriel Loli was made-up to partner, and experienced Rabeth Pareja was promoted to senior associate.
Rodrigo, Elías & Medrano – Abogados excels in this field, where lead partner Jorge Velarde is widely revered for his experience and expertise. The firm's practice is distinctly international, attracting an array of global insurers and reinsurers as clients, as well as instructions from some of the leading insurance law firms in the London market. The practice is wide-ranging, from litigation and arbitration to advising on regulatory requirements for international companies entering the Peruvian market, for example. The team is currently working alongside a UK law firm in respect of claims relating to an aviation accident in Peru. Also noted is senior associate Fernando Hurtado de Mendoza , who has a growing profile in the sector.
Miranda & Amado's practice is strongly aligned with its tier one banking offering; it focuses primarily on transactions, disputes and regulatory advice to major companies. Clients include Peru's largest insurer, Rimac Seguros y Reaseguros, along with recent gains Liberty Seguros and Munich RE; while work highlights include advice to the shareholders of La Positiva Seguros y Reaseguros on the tender sale of a majority stake and providing regulatory advice to AON Group's Peruvian operations. Banking and insurance partner Rafael Corzo heads up the practice and is widely respected for his expertise by clients and peers alike. Anahi Com and counsel Eduardo Wiese are also notable contacts in a team which clients commend for the quality of its written advice and overall expertise.
With one of the few standalone practices in the market, Estudio Olaechea provides an all-round insurance law offering to a distinctly international client base, comprising big-name players such as AXA, AIG, Swiss Re and Marsh Rehder Corredores de Seguros. Work highlights include high-value and business-critical claims, and regulatory advice to companies entering the Peruvian market, among other matters. Full-time insurance practitioner and departmental head Jesús Matos is highly regarded and a well known fugure in insurance circles; the team includes associate Paloma Mufarech who is noted for her experience including transactional support.
Estudio Echecopar member firm of Baker McKenzie International's market-leading banking and finance practice has recognised capability in the insurance sector, where it advises on regulatory and litigious matters as well as handling transaction in the sector. Rafael Picasso Salinas leads the practice with multidisciplinary input from across the firm where needed. Clients comprise domestic and international insurers, reinsurers and brokers, and have included Chubb Perú, Willis Corredores de Seguros, Zurich and HDI Seguros.
Lazo, De Romaña & CMB Abogados
Lazo & De Romaña Abogados has noteworthy capability in this sector, with the practice operationg as a sub-department of the firm's well-known banking and finace department. The team handles a full spread of regulatory, contractual and dispute resolution matters for clients such as Rimac Seguros y Reaseguros, French insurer Coface and Pacífico Seguros. Litigator Miguel Grau is leading advice to La Positiva Seguros y Reaseguros in a court challenge to $134m in fines imposed by INDECOPI relating to mandatory insurance coverage for car accidents. Banking practice head Fátima De Romaña is also a key advisor.
Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados has a 'very professional team' that is 'dedicated to regulated clients' such as insurers, reinsurers and insurance brokers. The team's 'outstanding professionals' include practice head, Andrés Kuan-Veng, a leading banking practitioner, who is well-versed in insurance regulation; his recent mandates include advisingMarsh Rehder Corredores De Seguros on the implementation of an electronic platform for selecting insurance coverage. Other practice clients include Rimac Seguros y Reaseguros, AVLA Peru Compañía de Seguros and Equador's Seguros Equinoccial.
Quiroga & Barton Abogados
Insurance boutique Quiroga & Barton Abogados opened its doors in May 2018 and has managed to expand despite a static insurance market. It currently maintains a strategic focus on advising brokers and loss adjusters, including leading players such as Marsh Rehder Corredores de Seguros, Willis Towers Watson and AIG Property Casualty (UK), for example. Practice head Manuel Quiroga Suito welcomed two new partners in 2019: January saw the arrival of Víctor Custodio Burga, who has a strong academic profile, in-house experience and a background in civil liability and construction risks; followed in March -in something of a coup for the firm- by the arrival of Giancarlo Mandriotti from Dentons - he is tasked with boosting the firm's litigation and arbitration practice. Current work includes advising AON Benfield Peru Corredores de Reaseguros concerning a malicious damages claim by a state-owned electricity distribution company.
Dispute resolution boutique Rodríguez Angobaldo Abogados enters the ranking on the strength of its track record representing insurance companies in contentious claims work. Alvaro Bonilla's elevation to the partnership has further dynamised the practice, which he co-leads alongside firm managing partner Fernando Rodriguez Angobaldo . Clients include leading domestic insurers Rimac Seguros y Reaseguros, La Positiva Cía de Seguros and Pacifico EPS, while recent mandates include acting for Rimac in a Supreme Court challenge concerning INDECOPI's interpretation of Peruvian contract law.