The ‘excellent team‘ at Kennedys is ‘at the forefront‘ of the insurance and reinsurance market in Peru. The department is led by ‘expert‘ insurance lawyer Marco Rivera Noya, who is highly experienced in both insurance and reinsurance matters, and is active in international arbitration. The practice’s work frequently involves cross-border matters covering regions such as the US, UK, Europe and South America, with recent highlights including advising on a claim regarding the presence of cracks on leaking vaults of oxide plants. Fernando Hurtado De Mendoza is skilled in property and casualty claims, while associates Alonso Barreda and Noriko Hasegawa specialise in engineering and construction claims and regulatory matters in the insurance market, respectively.
Insurance in Peru
Kennedys
Practice head(s):
Marco Rivera Noya
Testimonials
‘The partner Marco Rivera is very well positioned.’
‘Marco Rivera stands out from his competitors for his expertise in insurance and local law, as well as the market and his relationship with insurers.’
‘Excellent management. Very good disposition when it comes to solving any doubt and they handle everything technical in the profession in an excellent way. My experience is that they stand out from other firms in other Latin American countries, inclusive. They go beyond what is asked of them, and they are very attentive.’
Key clients
Rimac Seguros y Reaseguros
Pacífico Compañía de Seguros y Reaseguros
Liberty Seguros and Liberty Mutual Insurance Company
La Positiva Seguros y Reaseguros
Betterfly
Charles Taylor Ajustadores de Seguros
MAPFRE Seguros
Munich Re
Allianz and AGCS
Swiss Re and Wetsport Insurance Company
Work highlights
- Advised La Positiva Seguros on a $23m arbitration process regarding a fire on an insured cardboard factory in 2019.
- Advised Munich Re, New India, Chaucer, Brit, CV Starr, Ironshore AXA XL, Faraday, Beazley on a $60m lawsuit in respect of damages to two hydroelectric stations in January-March 2017 due to El Niño.
- Assisted Rimac Seguros and the reinsurance market led by AIG in a $190m claim at one of the largest mining projects in the country (Marcobre).
Osterling Abogados
The insurance lawyers at Osterling Abogados are described as ‘specialists’ in the field. The department is jointly led by Enrique Ferrando and Gabriel Loli; Loli is especially adept at advising clients on insurance claims arising from construction and engineering, while Ferrando is an experienced litigator and possesses extensive knowledge on both the insurance regulatory framework and commercial issues. The practice regularly advises clients on insurance arbitration arising out of construction or engineering projects as well as assisting clients with loss and claims analysis and settlement, policy drafting, and the licensing of insurance companies. Associates Ibeth Torres and Rabeth Pareja draw on their previous in-house insurance experience when assisting with matters. Omar Cordova joined from Arbe Abogados in February 2022.
Practice head(s):
Enrique Ferrando; Gabriel Loli
Testimonials
‘Rabeth Pareja has comprehensive knowledge of the business and how it works, as he has extensive professional experience in the insurance market, having previously worked in an insurance company and in an insurance adjusting company.’
Key clients
Avla Perú Compañía de Seguros
Chubb Perú Compañía de Seguros y Reaseguros
Allianz Global Corporate & Specialty SE Sucursal en España
La Positiva Seguros y Reaseguros
Arthur J. Gallagher Perú Corredores de Seguros
Rimac Seguros y Reaseguros
Marsh Rehder Corredores de Seguros
Charles Taylor Adjusting
Ohio National Seguros de Vida
America Brokers Corredores de Seguros
Work highlights
- Advised Ohio National on the award of a collective insurance contract for all workers in the private pension system.
- Supplied America Brokers Corredores De Seguros with a legal opinion on the feasibility of insurance brokerage through a digital platform under Peruvian law.
Miranda & Amado
Rafael Corzo heads the insurance practice at Miranda & Amado and combines his expertise in banking and insurance to assist clients such as RIMAC Seguros y Reaseguros and Fondo de Seguro de Depósito del Perú. The practice continues to be very active in the domestic market and advises clients on issues such as structuring insurance products, regulatory matters, complex disputes, and often assists banks in bancassurance-related matters. The practice’s work often sees it working closely with other practice groups within the firm, such as banking and finance, M&A, energy, tax and dispute resolution. Counsel Eduardo Wiese and associate Pablo Cassinelli are also recommended.
Practice head(s):
Rafael Corzo
Testimonials
‘It is an experienced team and very committed to obtaining favourable results for its clients.’
‘During the interaction that I have had with them, they have shown to be meticulous and responsible with the task entrusted. Likewise, it has considered it opportune to resort to external opinions to strengthen its position.’
‘I have had a very pleasant impression of Rafael Corzo, quite focused and analytical, open to new ideas to achieve the best position for his clients.’
‘They have strong knowledge of insurance practice in Peru, especially Rafael Corzo.’
Key clients
RIMAC Seguros y Reaseguros
Peruvian Association of Insurance Companies
Pacífico Compañía de Seguros y Reaseguros
AVLA Perú Compañía de Seguros
Fondo de Seguro de Depósito del Perú
Intercorp Financial Services and Interseguro Compañía de Seguros
Citizens Inc.
Gas Natural de Lima y Callao
Work highlights
- Advised RIMAC Seguros y Reaseguros on vital issues related to the coverage of major vehicle accidents and its impact upon the client’s reputation.
- Advised AVLA Perú Compañía de Seguros on the review of drafts issued by the Superintendency of Banking and Insurance Companies.
- Advised the Peruvian Association of Insurance Companies – APESEG on the filing of an action against a regulation related to fines imposed by INDECOPI.
Quiroga & Barton Abogados
The insurance and reinsurance team at boutique firm Quiroga & Barton Abogados is jointly headed by maritime, insurance and international trade expert Manuel Quiroga Suito and Víctor Custodio Burga, who has extensive experience in civil liability insurance and construction risks. The practice is skilled at assisting clients in industries such as energy, mining, healthcare and construction, to name a few. Another key contact is Edwin Ortiz, who is experienced in regulations on insurance intermediaries.
Practice head(s):
Manuel Quiroga Suito; Victor Manuel Custodio Burga
Key clients
Willis Corredores De Seguros
Willis Corredores De Reaseguros
Infrassure LTD
Petróleos Del Perú
Banco Ripley Peru
Marsh Peru Corredores De Seguros
Lockton Peru Corredores De Reaseguros
Lockton Peru Corredores De Seguros
Charles Taylor Ajustadores De Seguros
Price Forbes Corredores De Reaseguros
Work highlights
- Advised Charles Taylor in connection with the oil spill near Repsol’s La Pampilla Terminal.
- Assisted and represented Infrassure in two lawsuits filed by Rimac Seguros y Reaseguros.
- Advised Petroperu on the analysis and restructuring of its insurance broker designation process.
Rodrigo, Elías & Medrano Abogados
The insurance team at Rodrigo, Elías & Medrano Abogados has a special niche in advising on aviation insurance and cases involving accidents and liability policies, as well as strong experience in providing legal assistance to foreign reinsurers. The practice also regularly assists with the registration and incorporation of new insurance activities in the region. The team is headed by Guillermo Puelles, who is highly experienced in insolvency and restructuring, with assistance provided by Jorge Trelles and associates Sabrina Montoya and Renzo Rossi.
Practice head(s):
Guillermo Puelles
Key clients
La Positiva Seguros y Reaseguros
Bupa
Rodríguez Angobaldo Abogados
Boutique firm Rodríguez Angobaldo Abogados focuses on litigation and specialises in assisting clients in disputes involving insurance and reinsurance matters. Recent work includes contentious cases before INDECOPI and defending clients against claims for damages brought by individuals. The practice is headed by name partner and founder Fernando Rodriguez Angobaldo, who is highly experienced in dispute resolution in the insurance sector.
Practice head(s):
Fernando Rodríguez Angobaldo
Key clients
Rimac Seguros y Reaseguros
Pacífico Eps
Liberty
Work highlights
- Counselled a Peruvian company which acquired an insurance policy to cover the construction of a new warehouse, on a suit for damages after the structure collapsed.
- Assisted Rimac EPS in a case where an insured sued a healthcare institution alongside the client for medical malpractice.
- Counselled client Rimac EPS in a group of three contentious administrative lawsuits filed against INDECOPI, where an annulment of rulings concerning the 2012 Peruvian Insurance Contract Law was requested.