In insurance, Hogan Lovells International LLP is highlighted for its ‘excellent training and great experience‘. The department underwent major changes in 2020 and 2021, with the departure of its former practice head and the arrival of Pablo Muelas from Gómez-Acebo & Pombo in June 2021. An ‘outstanding professional‘, Muelas is noted for his ‘360º global vision of the processes‘, gained through his previous experiences working at the Directorate-General for Insurance and Pension Funds (DGSFP) and other public-sector positions. As such, the firm is a popular choice for insurance and reinsurance regulatory matters, as well as corporate and M&A. On the contentious side, the team is active in professional liability claims and product liability litigation, and has recently been particularly active in cases relating to Covid-19. Litigator Gonzalo Ardila is a name to note, and senior associate Margarita Morales and Felipe Vázquez, who was promoted to counsel in January 2022, are also highly regarded.
Insurance in Spain
Other key lawyers:
Felipe Vázquez; Margarita Morales; Gonzalo Ardila
‘Excellent training and great experience in the field. Highlights: Ignacio Sánchez, Gonzalo Ardila and Margarita Morales.’
‘Pablo Muelas is a great professional with an excellent reputation in the insurance industry. Analytical capacity, specialised advice and adapted to the client’s needs.’
‘Special mention to Pablo Muelas, whose technical quality and extensive experience in the sector is hardly comparable to other professionals. His previous experience in the General Directorate of Insurance offers clients a 360º global vision of the processes, with the certainty of having very solid technical advice.’
‘The presence in the team of Pablo Muelas is a guarantee of the highest quality.’
‘There is a very powerful sector specialisation that comes from many years ago. In addition, this sectoral specialisation is not exclusive to Spain, but rather is held by different teams from the firm in other countries.’
‘An outstanding lawyer is undoubtedly Felipe Vázquez Acedo, due to his autonomy, responsibility and leadership.’
‘Pablo Muelas Garcia is an outstanding professional, close, direct, great specialist. Builds empathy and trust.’
‘Good for cross-border advice. They anticipate our needs and go the extra mile.’
‘Pablo Muelas is our reference contact, with whom we have been working for several years. He not only has an excellent vision of the Spanish market, but also of the European regulatory bodies as a result of his experience in EIOPA.’
ANV Global Services Ltd.
Navigators Underwriting Ltd.
Willis Towers Watson
Chubb European Group SE
Asefa, S.A. Seguros y Reaseguros
Abanca Seguros Generales
- Advised international broker Howden Group on the acquisition of 100% of the capital of Grupo Artai, one of the largest insurance brokers in Spain.
- Advised Allianz on its bancassurance alliance with BBVA.
- Advised Orange on its telcoassurance alliance (virtual JV) with Zurich for the distribution of Zurich non-life insurance through the Orange network.
‘A benchmark team‘ in the insurance market, Kennedys stands out for its dedicated and specialised team, which excels in particular in insurance litigation. As part of an international firm with a well-established reputation in the sector, the firm is a popular choice among multinational companies, and is equipped to handle a range of domestic and cross-border cases. In early 2020 the firm launched its Kennedys IQ platform, which uses intelligent tools to allow clients to efficiently manage their claims portfolios. Key practitioners in the firm include Olivia Delagrange, an ‘expert in her field‘ who is qualified in Spain, Belgium and England and Wales; Isidoro Ugena, who specialises in directors’ and officers’ (D&O), commercial crime and professional indemnity claims, among other areas; and Alfonso de Ramos, who has over 15 years of experience handling international claims, with an emphasis on professional indemnity, medical malpractice, environmental, energy, property and casualty insurance. Marta Parrondo, Alicia Fole and Javier Montero are names to note at the senior associate level.
Isidoro Ugena; Alfonso de Ramos; Olivia Delagrange
Other key lawyers:
Javier Montero; Marta Parrondo; Alicia Fole; Susana Martinez Cabrera
‘The entire team is very cooperative, open in discussions and provides a well-structured legal opinion which allows us to decide.’
‘Olivia Delagrange is thoughtful, patient, a team worker, practical and completely expert in her field.’
‘They are always available to the client.’
‘I’d highlight the training and experience. Isidoro Ugena and Alicia Fole are recommended.’
‘High legal knowledge, fast reaction, on the point, focussed.’
‘They are a very complete and well-connected team. For me they are a benchmark team in the market.’
‘Friendliness and proactivity. I would highlight Olivia for her good work.’
AIG Europe Spain
Swiss Re International Spain
Previsora General MPS
Starr Europe Insurance
- Acting for AIG Europe’s Spain branch in a portfolio of claims on Architects and Engineers Professional Indemnity Insurance.
- Provided advice to foreign insurers on their data protection legal obligations and adaptation of documents to the Spanish market.
Pérez-Llorca quickly established an impressive insurance practice with the hire of highly regarded insurance expert Joaquín Ruiz Echauri from Hogan Lovells International LLP in September 2020. This was quickly followed by the hire of counsel Rafael Fernández from Swiss Re in October 2020. The dedicated insurance department also grew at the associate level, with Fátima Eizaguirre Carrancio, Jesús Almarcha and Juan Pablo Nieto among the recent hires. The firm balances a varied practice, covering litigation, corporate and regulatory matters, with particular expertise in warranty and indemnity (W&I) insurance. On the contentious side, the team has recently been busy assisting in loss-of-profits claims arising from Covid-19, among other matters.
Joaquín Ruiz Echauri
Other key lawyers:
Rafael Fernández; Fátima Eizaguirre Carrancio; Jesús Almarcha; Juan Pablo Nieto; Luis María González
- Advised Mapfre on the €1.3bn termination of its bancassurance alliance with Bankia, a major Spanish bank which was absorbed by CaixaBank.
- Advised Nationale Nederlanden on joining forces with camper van and motorhome sharing platform Indie Campers to offer excess insurance in Spain.
- Instructed by AXA to lead the strategy and individual defence of out-of-court and judicial claims filed against the company by small and medium enterprises.
Ashurst LLP‘s insurance and reinsurance department is highlighted for its ‘deep knowledge of the sector and great dedication to the client‘. The department stands out for its track record in corporate and commercial transactions in the sector, and has recently been particularly busy advising on W&I insurance in the context of large M&A deals. The full-service firm is also able to deploy specialists in litigation, finance and competition to assist in insurance-related matters; litigator and former state lawyer José Antonio Rodríguez is a key contact for contentious matters, for example. Practice head María José Menéndez, counsel Francisco de León and senior associate Camilo Luna receive particular praise.
Maria José Menéndez
Other key lawyers:
José Antonio Rodríguez; Francisco de León; Camilo Luna; Paloma Sánchez-Fayos
‘They have a deep knowledge of the sector and great dedication to the client. For the advice they have been giving us, Maria José Menéndez and Francisco de León stand out. Additionally, Camilo Luna has joined the team, and is showing great quality in the service provided.’
‘They have extensive knowledge of complex subjects and are excellent at introducing them to negotiation.’
‘I’d highlight Maria Jose Menéndez and Francisco de Leon. It adapts very well to the needs and develops perfect empathy with the client, building a great team.’
Generali Investment Partners SGR S.p.A
BRP Bizzozero & Partners S.A.
- Advised a multinational insurance group in the restructuring of its main bancassurance alliance in Spain, including the carve out of a major life-savings portfolio and the reinsurance of such portfolio until carve out was completed.
- Advised an international reinsurer in the negotiation of a mass lapse risk reinsurance treaty covering the sickness and disability insurance portfolio of a Spanish mutual insurance company.
- Advised a Spanish life insurer and pension fund management company in the negotiation and execution of different investment advisory agreements with major international asset management entities, regarding the underlying investments of certain insurance products and investment of pension funds.
Azsure Abogados SLP
Clients of specialised insurance firm Azsure Abogados SLP highlight the team’s ‘excellent market knowledge and insights‘. The firm rebranded and has operated under its current name since 2021, but it has a well-established history and track record in the market, and counts leading international insurers among its clients. The team excels in insurance claims, though non-contentious regulatory matters also feature in its workload. In recent developments, the team founded international firm network INSULAW International, which brings together specialised insurance firms in various jurisdictions across Europe, Latin America and North America. ‘One of the best-known lawyers in the insurance world‘, Jesús Vélez leads the team and has vast experience advising local and international insurers and reinsurers on coverage matters involving significant losses. Other names to note include Jose María Araúz, Javier Goizueta and senior associates Ilse-Marie Dames and Jaime Mascareñas.
Other key lawyers:
Jose María Araúz; Javier Goizueta; Ilse-Marie Dames; Jaime Mascareñas; Inés Ponce
‘I have worked with the team for a many years. They have excellent, commercially astute lawyers who handle a wide range of insurance disputes. What for me makes them different is their approachability, excellent market knowledge and insights and the real international flavour of their work and ability to service client claims in multiple jurisdictions.‘
‘Ilse-Marie Dames and Jesús Veléz stand out for their approachability and London and South America insurance experience, their excellent client relationship skills and very quick understanding of the issues and commercial factors. Very deep trust enabling us to work really well together to the mutual clients’ benefit.‘
‘The professionals who work in the firm are of recognised prestige, and knowledgeable about the matters with which we work. It is an office managed directly by the partners, that is, if an order is made to a professional, we know that that professional will be the one who leads the matter.‘
‘Azsure’s team is unique. They have the technical knowledge, quick response and a very friendly relationship with clients and peers which is not always present with other offices’ teams.’
‘This firm has been working in the insurance and reinsurance sector for more than 20 years. Its partners and lawyers have a knowledge of the market that very few professionals can prove. They are accessible, agile and practical in their responses and, above all, their opinions are one hundred percent adjusted to what we ask of them as a client.’
‘Jesús Veléz is one of the best-known lawyers in the insurance world, not only because of his career, but because he has managed to surround himself with a magnificent team of professionals of the highest level. José María Arauz is one of the most expert lawyers specialised in procedural law related to the world of insurance. When he takes a case, I have the absolute conviction that he guarantee an effective and brilliant result. Finally, Javier Goizueta is a magnificent trial lawyer, whose training and experience are always backed by excellent results in all the matters we entrust to him.’
‘Closeness. Quick understanding of problems and needs. Experience. Professionalism.’
‘Their lawyers have a great knowledge of the matter, they explain it in a simple way, they know how to handle the issues and the negotiations.‘
- Representing an international insurer in a large claim filed against it by a major Spanish construction company in connection with the construction of certain photovoltaic plants.
- Providing ongoing advice to a major Portuguese infrastructure company in connection with its portfolio of claims arising against third parties in Spain and Portugal.
- Acting for an international insurer in corresponding subrogation actions regarding two wind farms in Latin America.
Clifford Chance has established a prominent insurance and reinsurance practice through its involvement in high-profile and high-value transactions in the sector. Recent highlights included its advice to CaixaBank, Bankia and Abanca on the sale of a controlling interest in Spanish insurer CASER following a competitive auction process; Jaime Velázquez led the team. The team can also be found regularly advising on cross-border transactions, collaborating with colleagues in other offices in the firm’s international network where needed. Dispute resolution expert Fernando Irurzun and associate Juan Valcárcel are also key contacts.
Jaime Velázquez; Fernando Irurzun; Fernando Giménez-Alvear; Miguel Barredo
Other key lawyers:
Juan Valcárcel; Fernando Giménez-Alvear; Miguel Barredo
‘Juan Valcárcel combines to his credit a high specialization in insurance and M&A, which contributes to a highly technical and precise advice. Practical when negotiating.’
Armour Group Limited
Domestic & General
Future Pipe Industries
Reliance National Insurance Company
- Advised Spanish banks Abanca, Bankia, and CaixaBank on the sale of a controlling interest stake in major Spanish insurer Caja de Seguros Reunidos, Compañía de Seguros y Reaseguros (CASER).
- Advised Admiral on the sale of its price comparison business, including Confused.com in the UK, Rastreator.com in Spain and LeLynx.fr in France, the group’s technology operations, Admiral Technologies.
- Advising the Admiral Group from a corporate, regulatory, tax and labour perspective on the reorganisation of its business as a result of Brexit.
DAC Beachcroft LLP
DAC Beachcroft LLP fields a ‘very good team of lawyers with excellent qualifications and knowledge of the sector‘; it expanded its already extensive insurance offering with the incorporation of ASJUSA Abogados in 2020, particularly in the field of healthcare and medical malpractice. In another significant development, Pablo Guillén joined in April 2021 from Clyde & Co LLP to lead the firm’s D&O and financial institutions department. The team is particularly strong in insurance claims, and is equipped to assist in professional indemnity, product liability and recall cases, to name a few. The firm is also a founding member of Legalign Global, an alliance of law firms acting for insurers and brokers in cross-border matters. José María Pimentel is ‘persuasive, razor sharp and a very effective negotiator‘. José María Álvarez-Cienfuegos and Marisol Lana are also noted.
José María Pimentel; José María Álvarez-Cienfuegos; Pilar Rodriguez; Eduardo Asensi; Julio Albi; Iñigo Cid-Luna
Other key lawyers:
Pablo Guillen; Marisol Lana
‘DAC Madrid are leading specialists in Insurance and in particular cross-border claims. The team is strengthened by its well-established place in the market supported by the long-standing team members’ depth of experience in this field. Leading members of the team are sought-after experts in cross-border Insurance claims. They are dynamic, commercial, forward-thinking and a delight to deal with.’
‘Jose Maria Pimental is universally popular – as an opponent, a client and an advisor to his clients. He is persuasive, razor sharp and a very effective negotiator. This is because whilst Jose is a formidable opponent, he is unfailingly fair, balanced and reasonable and therefore is held in high-esteem across the industry. He is in a class of his own in terms of his ability to see the central dispute in a case at an early stage and to laser focus on the best commercial resolution of that dispute for his client.’
‘Undoubtedly a very good team of lawyers with excellent qualifications and knowledge of the sector. Great proximity to the client.’
‘Their best qualities are undoubtedly their knowledge of the sector, specialisation and professionalism. José María Álvarez Cienfuegos stands out.’
‘Hard working, multi-lingual. Their knowledge of cross-border claims makes them excellently placed to prepare expert Spanish law reports.’
‘Jose Maria Pimentel Pardon is an exceptional Spanish law expert. He works tirelessly and yet is always available.’
‘Deep technical knowledge, quick response, viable and commercial solutions. José María Álvarez Cienfuegos and Marisol Lana are highly recommended.’
‘They are a fantastic team of professionals capable of handling the toughest issues successfully. DAC Beachcrof has skilled, smart, and hard-working attorneys who are always providing solutions and it is truly rewarding to work with and rely on them.’
GENERALI ESPAÑA, S.A. CÍA DE SEGUROS Y REASEGUROS
CHUBB INSURANCE GROUP LTD
AIG INSURANCE EUROPE LIMITED
QBE INSURANCE EUROPE LIMITED
FIATC MUTUA DE SEGUROS Y REASEGUROS
Noted for its ‘great dedication‘, Garrigues‘ insurance team excels in insurance-sector M&A, where it has a notable track record and strong portfolio of clients. The firm particularly stands out for its expertise in bancassurance joint venture projects between banks and insurance companies. Clients of the firm also benefit from its technological and AI tools, including Contract Express, automation software which efficiently creates first drafts of contracts and other written documents. In recent team developments, Félix Ferreño was promoted to partner in January 2021, and Luis Covarrubias left in November 2020 to take up an in-house position. Corporate and M&A experts Àlvaro López-Jorrín and Mónica Martín de Vidales jointly head the practice, with the highly regarded María Fernández-Picazo also a key contact.
Álvaro López-Jorrín; Mónica Martín de Vidales
Other key lawyers:
María Fernández-Picazo; Juan González Ortega; Arnau Tapias Monné; Félix Ferreño
‘There is great dedication on the part of the team, from the partner to the collaborators. This knowledge is perceived in the commercial area in general, and in the insurance sector, in particular. There is a very good coordination between the whole team. María Fernández-Picazo and Juan González Ortega stand out.’
‘I would highlight the professionalism and experience of the team.’
‘Knowledge of the insurance industry and dedication to the client. I’d recommend Álvaro López-Jorrín.’
MUNICH RE, BRANCH IN SPAIN
PELAYO MUTUA DE SEGUROS A PRIMA FIJA
BANSABADELL SEGUROS GENERALES & VIDA
ANDORRAN BANKING ASSOCIATION
- Advised both Línea Directa Aseguradora and Bankinter in the listing of Línea Directa Aseguradora in the Spanish Stock Exchange.
- Advised BBVA Seguros in the spin-off of its non-life insurance business (excluding health) in Spain in favour of BBVA Seguros Generales, a newly incorporated insurance company.
- Advised Bansabadell Seguros Generales (a joint venture between Banco de Sabadell and Zurich) on its bancassurance alliance with Sanitas to jointly develop, as co-insurers, health insurance policies addressed to Banco Sabadells’ clients and employees.
Herbert Smith Freehills LLP
A ‘law firm specialised in matters of high legal complexity, with professionals of recognised prestige in the field of insurance and reinsurance‘, Herbert Smith Freehills LLP has established a strong reputation in the Spanish market, with a particular forte in insurance litigation. Here it acts for a broad range of clients, including insurers and reinsurers, corporate policyholders and brokers. On the policyholder side, it counts Ibex 35 and major multinational companies among its clients. ‘Excellent lawyer‘ Paulino Fajardo leads the department, which is also equipped to advise on non-contentious regulatory matters. Of counsel Alejandra Galdos and associates Joaquín Fernández, Milagros Sanz and Wojtek Zaluska are also noted.
Other key lawyers:
Leopoldo González-Echenique; Alejandra Galdos; Francisco Montiano; Consuelo Puerta; Joaquín Fernández; Milagros Sanz; Wojtek Zaluska
‘Its knowledge and experience in the sector are highly valued. The knowledge of trends can influence the resolution of issues.’
‘Its knowledge and availability are appreciated internally, as well as its ability to work in lawsuits in the international arena. I would highlight Paulino Fajardo and Joaquín Fernández.’
‘Experience; knowledge of insurance matters; strategic vision in the study and approach of the issues; and great negotiation skills throughout the process. Paulino Fajardo, Alejandra Galdós and Milagros Sanz stand out.’
‘The Herbert Smith Freehills team is a highly professional team and knowledgeable about the entrusted subjects. They stand out in the service they give both to their client.’
‘Law firm specialised in matters of high legal complexity with professionals of recognised prestige in the field of insurance and reinsurance.’
‘Paulino Fajardo, an excellent lawyer who also understands the strategic needs of his clients and adapts his work and his team to them.’
‘They are very agile when it comes to understanding and processing the claim as well as when preparing the defense strategy.’
‘Our relationship is centered on Alejandra Galdós, Wojtek Zaluska and, occasionally, Paulino Fajardo. All have shown great capacity for analysis and synthesis as well as ability to develop strategy.’
Atlantica Sustainable Infrastructure PLC.
Solaria Energía y Medioambiente
Red Eléctrica de España
QBE Europe SA/NV
Soltec Energías Renovables
- Advising Atlantica Sustainable Infrastructure and Kasu Solar One on its defence following the damage caused to the Thermal Energy Storage system of the concentrated solar power plant located in Southern Cape (South Africa).
- Advising Sacyr and its Portuguese subsidiary, Somague-Engenharia, on a cover dispute against an insurance company under the international third-party liability programme of the Sacyr group
- Defended seven former directors and one officer of a Spanish financial institution to claim coverage of defence costs, bail bonds and potential penalties under the bank’s D&O insurance programme.
Highly regarded corporate and insurance expert Guillermo San Pedro leads the insurance practice at Uría Menéndez, which clients appreciate for its ‘extraordinary practical knowledge‘ and ‘great involvement in projects‘. The firm can regularly be found advising on the largest and most high-profile M&A transactions in the Spanish insurance market, including those with a cross-border element. A recent example was its advice to Helvetia on the €800m acquisition of 70% of the share capital of Caser. The firm has also established itself as one of the leading law firms in Spain for bancassurance deals. Senior associate Jaime del Fraile is often involved in the firm’s major transactions and is popular among clients. Julio Iglesias is a name to note at the counsel level.
Guillermo San Pedro
Other key lawyers:
Julio Iglesias; Patricia Vidal; Jaime del Fraile; Guillermo del Río
‘Extraordinary practical knowledge and strategic vision of corporate agreements with other entities.’
‘Great experience, creative vision of the options to build strategic agreements beneficial to the client, vision of the future and anticipation, great capacity for quality and very fast response. I’d highlight Guillermo San Pedro and Jaime del Fraile.’
‘Excellent proactivity and disposition. They always show great involvement in the projects in which they participate. The participation of the partner is extraordinary.’
‘Guillermo San Pedro’s work is exceptional. Excellent availability. He is always willing to collaborate. Excellent negotiator. Thorough. He is concerned with offering viable solutions for the parties in the framework of the negotiations. Jaime del Fraile is conscientious, you can count on and trust him.’
Helvetia Schweizerische Versicherungsgesellschaft AG
Caja de Seguros Reunidos, Compañía de Seguros y Reaseguros, S.A. CASER
Santa Lucía, S.A. Compañía de Seguros y Reaseguros
Banco Santander, S.A.
Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.
Mutualidad General de la Abogacía, Mutualidad de Previsión Social a Prima Fija
AVANZA Previsión de Seguros y Reaseguros, S.A.
Telefónica Seguros y Reaseguros Compañía Aseguradora, S.A.U.
VidaCaixa, S.A. de Seguros y Reaseguros
- Adviced Helvetia on the acquisition of 70% of the share capital and voting rights of Caser for over €800m.
- Advised Banco Santander on the sale of 100% of the share capital and voting rights of Popular Vida 2020 to Santander Vida Seguros y Reaseguros in the context of the restructuring of the bancassurance alliance between Santander and Aegon.
- Advised Santa Lucía on the establishment of an alliance for the joint development of the funeral businesses of Mapfre and Santa Lucía in Spain, with a value of €322.5m.
Bird & Bird launched an insurance practice in March 2021 with the arrival of Luis Alfonso Fernández and Virginia Martínez from Hogan Lovells International LLP. The pair ‘stand out for their knowledge and analysis in regulatory matters‘, and have hit the ground running at the firm, advising new and longstanding clients on a range of contentious and non-contentious matters in the insurance, reinsurance and insurtech sectors.
Luis Alfonso Fernández
Other key lawyers:
Virginia Martínez; Virginia Domínguez; Ignacio Felipe; Teresa Repullo
‘Broad experience in international insurance law and a great team.’
‘Its regulatory knowledge is high and of high quality.’
‘Virginia Martínez and Luis Alfonso Fernández Manzano stand out for their knowledge and analysis in regulatory matters.’
‘I’d highlight the immediate availability.’
‘The team is highly competent. As a strong point of the firm, I highlight its knowledge in insurance and its speed in answering queries that may arise on the subject or derived from it. High knowledge also in procedural. Clarity and speed in consultations. A quality service.’
Tokio Marine Europe
Liberty Mutual Surety
Arch Insurance Company
Blanco & Asociados Abogados
The highly specialised insurance lawyers at Blanco & Asociados Abogados are ‘always up to date with legislative changes‘ and provide an ‘excellent service‘. A member of Global Insurance Law Connect (GILC), a network of firms specialising in insurance and civil liability, the team is well placed to handle a range of domestic and cross-border matters. It counts insurance, reinsurance, and brokerage companies and multinationals active in a range of other sectors among its clients. ‘Brilliant lawyer‘ Fernando Blanco Giraldo leads the team, which includes Fernando Blanco Gamella and Adrián Martínez de Velasco González.
Fernando Blanco Giraldo
Other key lawyers:
Santiago Martín Gil; Adrián Martínez de Velasco González; Fernando Blanco Gamella
‘Everything is outstanding in this Firm, from its team to the service they provide us, a benchmark in Spanish law.’
‘It is an office totally dedicated to the client that provides excellent service. Its closeness and excellence at work are its hallmarks. I would highlight everyone, but especially its managing partner Fernando Blanco Giraldo, outstanding in his knowledge and in the service he provides.’
‘Fernando Blanco is a brilliant lawyer in his field of specialty, in his presentation and with a great pedagogical capacity.’
‘Law firm highly specialised in insurance law. Very involved in contributing jobs to the Sector (Glossary of Insurance terms) and pending legislative developments. Direct contact with members of the firm and their availability when answering queries is highly valued.’
‘Easy to consult directly with partners. Always up to date with legislative changes. They are perfectly aware of the needs of the Insurance Sector. It is worth mentioning Fernando Blanco Giraldo, Fernando Blanco Gamella and Santiago Martín.’
ZURICH INSURANCE PLC
MAPFRE GLOBAL RISKS
WILLIS TOWERS WATSON IBERIA
W.R. BERKLEY SPAIN
- Assisted a major Spanish insurance company in a construction claim in Mexico.
- Advised a client on professional indemnity coverage of auditors/forensic departments.
- Assisted a construction company with regards to professional civil liability during a construction project involving a turnkey contract.
The ‘smart and detailed oriented‘ team at CMS Albiñana y Suárez de Lezo stands out for its knowledge of the insurtech sector, and has considerable experience advising insurers on the submission of innovation projects to the regulatory sandbox. Outside of insurtech, the firm is also equipped to advise insurance-sector clients on a range of regulatory, transactional and contentious matters. At a wider level, the firm continues to invest in technology and innovation, offering a number of legal tech tools and online platforms to its clients, and provides analysis and news on financial services regulation through its RegZone platform. Jaime Bofill leads the department, and Rafael Sáez is a key counsel in the team. Macarena Sanz González left the firm in January 2022.
Other key lawyers:
Rafael Sáez; Jorge Etreros
‘Deep expertise on insurance and companies incorporation. Strong reactivity and support, from senior to junior team members. Multiple capabilities, from legal set-up to data protection.’
‘Clear and structured. Smart and detailed oriented. Strong business sense and pragmatic. Reactive and supportive. Genuinely nice to work with, caring and deeply involved.’
‘The financial services team at CMS was familiar and experienced with innovation beyond financial services, allowing them to help steer our internal teams in structuring our innovative propositions.’
- Advised Helvetia Venture Funds, SICAR and Freshurance in their collaboration to submit an innovation project to the Spanish regulatory sandbox, consisting in the creation of the first Spanish neo-insurer.
- Advising Luko, a French insurtech company, on its entry into the Spanish market with its innovative 100% digital house insurance application.
- Provided advice to AXA regarding regulatory consultations, including complex reports on new products and managing the relationship with the Spanish Insurance Regulator.
Cuatrecasas has broad expertise in insurance, and is particularly well versed in large M&A transactions in the sector. It is also sought by clients for assistance in regulatory matters, and for advice on innovation and the development of new insurtech products. As a full-service firm, it is able to field multidisciplinary teams to advise on a range of tax, corporate and labour matters. Also of note is the broader firm’s shipping and international trade expertise, which clients are able to benefit from in the context of cargo claims and cargo insurance matters. Rebeca Rodríguez stands out for her specialisms in tax, finance and corporate transactions in the insurance sector; she leads the practice alongside Eduardo Ramírez. Counsel Carlos Bonhome advises financial institutions, including insurance companies, on a range of regulatory and commercial matters.
Rebeca Rodríguez; Eduardo Ramírez
Other key lawyers:
Adolfo Rovira; Carlos Ferrer; Íñigo Quintana; Carlos Bonhome
ARTAI CORREDURÍA DE SEGUROS
MARSH & MCLENNAN COMPANIES
ATRADIUS CRÉDITO Y CAUCIÓN
- Advising Mutua Madrileña, a Spain-based privately held insurer, on signing an agreement to acquire 40% of Orienta Capital, a privately-held asset management firm that specialises in high-net-worth assets.
- Advising Marsh & McLennan Companies on negotiating and signing a joint venture agreement in Spain to register and set up insurance and reinsurance brokerage Deasterra Partners.
- Advising Aegon on tax matters in the execution of the agreement with Banco Santander by which Aegon becomes the bank’s leading insurance partner, after the merger by absorption of Banco Popular, for term life insurance business and other general insurance.
Clients of DWF-RCD appreciate its ‘extensive experience‘ and ‘positive and proactive attitude in the search for solutions‘. The firm’s insurance practice is led by highly regarded insurance expert Ruth Duque, a former deputy director for insurance regulation at DGSFP. She is well versed across the breadth of regulatory matters, and regularly advises clients on policy drafting, product development, distribution agreements and M&A, among other matters. Senior associate Amara Oderiz is also noted.
Other key lawyers:
Amara Odériz; Celia Zafra
‘They are close and know the operation of the company well to be able to advise correctly. I’d highlight Celia Zafra and Ruth Duque for their technical knowledge, client orientation and practical advice.’
‘Ruth Duque has very good contacts in the sector and has helped us a lot in that regard. She is aware of the changes before they become official and keeps us constantly aware of them.’
‘The DWF-RCD team is unique for its deep business knowledge along with extensive experience and knowledge of the insurance field, both at the regulatory level and the sector itself. The DWF-RCD team also stands out for its positive and proactive attitude in the search for solutions.’
‘I’d highlight the positive attitude in anticipating possible problems and the search for solutions stands out. I’d highlight Ruth Duque and Amara Odériz.’
‘Extensive knowledge, rigor, quick responses and very well prepared. Ruth Duque and Amara Oderiz stand out.’
‘The quality of its service and the reactivity of the Insurance team of this Firm make it an essential support in our day-to-day life. The work is precise, fast and conclusive.’
‘Ruth Duque’s curriculum and intelligence make her advice accurate and of high quality, which gives the client a lot of security. Amara Oderiz is agile and proactive, sometimes anticipating client needs. Always available and adapting to our sometimes truly tight response times.’
‘Responsive and super commercial. Ruth Duque holds the whole team together and is an excellent relationship partner.’
Major insurance companies and other financial institutions turn to Gómez-Acebo & Pombo for assistance in a range of corporate, commercial and regulatory matters. The insurance department has undergone a significant change, with the arrival of Francisco Carrasco, the former deputy director of regulation of the DGSFP, in July 2021 following the departure of former partner Pablo Muelas. He now leads the multidisciplinary team, which also draws on the input of corporate and commercial law expert Iñigo Erláiz and others.
Other key lawyers:
Íñigo Erlaiz; Fernando Igartua; Santiago Gómez-Acebo; Enrique Ortega; Vanessa Fernández Lledo
Abanca Generales De Seguros Y Reaseguros, S.A.
Mutual Médica, Mutualidad De Prevision Social A Prima Fija
Avanza Previsión, Compañía De Seguros, S.A.
Admiral Europe, Compañía De Seguros
Intesa Sanpaolo Life Dac
Generali España, Sociedad Anónima De Seguros Y Reaseguros
Segurcaixa Adeslas, Sociedad Anonima De Seguros Y Reaseguros
Aura, Sociedad Anonima De Seguros
Aig Europe S.A. Sucursal España
UBS Europe SE, Sucursal En España
Mediterraneo Vida, Sociedad Anonima De Seguros Y Reaseguros
Santander Vida Seguros Y Reaseguros, S.A.
La Alianza Española S.A. De Seguros
Mgs, Seguros Y Reaseguros, S.A.
- Advised Banco Santander on the establishment of a strategic commercial alliance with Mapfre (Assurbanking Agreement).
- Provided advice to Caser, one of the biggest Spanish insurance companies, and its Board of Directors in the selling process of a 70% stake of Caser to Swiss company Helvetia.
‘A highly specialised firm in the insurance sector‘, Muñoz Arribas Abogados S.L.P. ‘knows the market situation very well and knows how to take advantage of its knowledge to provide the best service‘. The team has an impressive track record in litigation, and is also increasingly active in non-contentious regulatory matters. Domestic and cross-border claims involving accidents at work, professional civil liability, D&O and property damage are mainstays of the department, which is led by highly regarded tort, medical malpractice and civil liability and insurance expert Jose Antonio Muñoz Villarreal. Other key practitioners include Alberto Muñoz, Bernardo Ybarra, Francisco Javier Muñoz Villarreal, Ismael Valera Bonet and Ana Candelaria Baragaño Alvarez.
Jose Antonio Muñoz
Other key lawyers:
Alberto Muñoz; Bernardo Ybarra; Francisco Javier Muñoz Villarreal; Ismael Valera Bonet; Ana Candelaria Baragaño Alvarez; Sophie Savestre; Rafael Iglesias Rojas; Elena Ros Navarro; Federico Guirado
‘I’d highlight their specialisation and customer orientation. They know the insurance sector very well. I can highlight Ismael Varela, Alberto Muñoz Villareal and Ana Baragaño.’
‘What stands out in Muñoz Arribas is its closeness, kindness and high professionalism, with a team specialised by areas of interest and a high training capacity.’
‘A highly specialised firm in the insurance sector with lawyers who are experts in the matters demanded by any Company. Its partners know the market situation very well and know how to take advantage of their knowledge to provide the best service. It stands out from others in the immediacy and fluidity of communications to have updated files.’
‘All Lawyers facilitate any consultation directly and their scope of competence perfectly covers the needs of the Companies. Jose Antonio Muñoz Arribas is a reference for files of great difficulty. Bernardo Ybarra is a great expert. Very conscientious, Ismael Valera is a reference in workplace accident files. Alberto Muñoz Arribas is a great specialist in novel topics such as cyber risk and new technologies. Federico Guirado is a versatile lawyer who adapts to all kinds of matters.’
‘It is a law firm specialised in insurance law and, as an insurer, it provides us with a great service in all jurisdictions. Communication is very fluid because we speak the same language. Great specialisation in tort law and RC.’
‘The partners of the firm are capable of transferring complex issues in a simple way, which is very useful in negotiations, trials, etc. In addition, they are highly prestigious lawyers, highlighting Jose Antonio Muñoz and Bernardo Ybarra.’
‘It is a solid team that is highly specialised in the different areas in which we operate.’
‘José Antonio Muñoz and Bernardo Ybarra are two of the firm’s main lawyers who stand out for their experience and professionalism. Despite this, they offer a fast and personalised service when their services are required.’
Aseguradores de Riesgos Nucleares
Catalana de Occidente
Albors Galiano Portales
The ‘outstanding lawyers‘ at Albors Galiano Portales are highlighted for their ‘meticulous and detailed work‘. The firm has a strong specialism in insurance in the maritime and shipping sectors, and is also active in non-marine insurance matters, defending insurers and insured companies in third-party claims and assisting in recovery claims. Eduardo Albors and Javier Portales jointly lead the team, which counts Zurich Insurance and AXA among its key clients. Jaime Albors, who is qualified in both Spain and England and Wales, is also noted.
Eduardo Albors; Javier Portales
Other key lawyers:
Anja Fabrega; Alfonso de Ochoa; Maider Arrieta; Jaime Albors
‘Albors Galiano Portales is a Law Firm with a lot of tradition in the Spanish Market, which it maintains thanks to the phenomenal team of people who work very well engaged, where each one knows their responsibilities and really works as a Team. In addition, the Managing Partner knows perfectly the situation of each matter, not only at the judicial level or the management and processing of the file, but also controls the administrative part. It is a pleasure to collaborate with them.’
‘The Firm’s Partners are really very good in the Insurance Areas and also in Maritime Law. Their Partners also have a lot of visibility because they are called in many national and international forums as speakers at multiple conferences on Maritime and Insurance Law.’
‘I have had the opportunity to work with several law firms throughout my professional career and, Albors Galiano Portales, without a doubt, has become my reference firm in the insurance area. They are extraordinary professionals, outstanding lawyers in their areas of practice, always available to the client, they do a meticulous and detailed work. They stand out for their knowledge on the subject, even the most recent news, the quality of their work and their proximity, among other things. It is an outstanding office.’
‘My experience with Jaime Albors and Javier Portales could not have been better. In addition to being extraordinary professionals, they are great people, close and who do their best to understand the client’s needs. You can count on them even with the slightest notice, they are available for any situation that may arise and always with the best of attitudes and kindness that characterises them.’
Allianz Global Corporate
Generali España, SA de Seguros y Reaseguros
Zurich Insurance Plc
The Wren Insurance Association Limited
Mapfre Global Risks
FHECOR INGENIEROS CONSULTORES
With ‘comprehensive knowledge of the insurance industry‘, Deloitte Legal is a popular choice for insurance-sector companies, which turn to the firm for assistance in a range of regulatory, corporate, commercial and tax matters. Ignacio Ortiz del Río ‘knows how to approach the challenges posed by clients and offer them a solution from a fiscal and legal point of view‘; he leads the team, which includes key senior associates Pablo de la Fuente, Carmen Vázquez and Cristina Jiménez.
Ignacio Ortiz del Río
Other key lawyers:
Pablo de la Fuente; Carmen Vázquez; Cristina Jiménez
‘Closeness to the client, personalised treatment and quick response. Quality of your advice. Without a doubt, an excellent team.’
‘Great knowledge of their areas of specialisation and speed in contacting specialists and facilitating a global response. I’d highlight Ignacio Ortiz del Río.’
‘Practical vision of the application of the standard in the company’s processes. A lot of experience.’
‘Cross-sectional vision of the organisation. Experience in implementing regulatory changes, they are able to do legal consulting where other firms only make interpretative notes of the standard.’
‘The Deloitte Legal Seguros team provides comprehensive knowledge of the insurance industry, in the tax area but also with connotations in the regulatory field that are of real utility when addressing certain issues.’
‘Ignacio Ortiz del Río leads the tax and legal practice of Deloitte Legal Seguros with great charisma. He is a lawyer specialised in advising insurance companies, knows how to approach the challenges posed by clients and offer them a solution from a fiscal and legal point of view, although without losing business vision.’
MUTUALIDAD GENERAL DE LA ABOGACÍA
MUTUALIDAD DE BANCAJA
HELLO INSURANCE GROUP COMPAÑÍA DE SEGUROS, S.A.
RGA SEGUROS GENERALES RURAL, S.A. DE SEGUROS Y REASEGUROS
SEGURCAIXA ADELAS, S.A. DE SEGUROS Y REASEGUROS
SANITAS, S.A. DE SEGUROS
ABANCA SEGUROS GENERALES
- Advised Mutualidad General de la Abogacía on the transfer of the portfolio from one of the mutual insurance companies to the NewCo, as well as on the prior absorption by one mutual insurance company of the other.
- Advised Mutualidad de Bancaja on the adjustment of both the bylaws and the internal regulations of the client.
- Advised Liberbank Grupo on the due diligence for the merger between Unicaja Banco Group and and Liberbank.
KPMG Abogados, Spain has a multi-disciplinary insurance practice, which allows it to handle a range of tax, regulatory, corporate and commercial matters. With traditional strength in financial services regulation, the firm counts major financial institutions among its clients. Financial regulation expert Pilar Galán Gavilá has taken a leading role on many of the department’s recent mandates; Francisco Uría Fernández and Víctor Mendoza-Aguado are also key contacts.
Francisco Uría Fernández; Beatriz Rúa; Víctor Mendoza-Aguado; Javier Bau Cabestany
Other key lawyers:
Pilar Galán Gavilá; Irene Cao Ruiz; Bartolomé Martín; Pablo Alonso Montes; Anna Bayarri Ruiz; Manuel Rodríguez Ortega
‘I’d highlight its knowledge of the client and subject, and transversality with other areas of law’
‘KPMG provides specific knowledge of the insurance sector.’
‘They are very flexible teams that adapt very well to needs and understand them very well. I would highlight Irene Cao Ruiz and Víctor Mendoza.’
SANTANDER MEDIACIÓN OPERADOR DE BANCA-SEGUROS VINCULADO, S.A
ASISTÈNCIA SANITÀRIA COLEGIAL, SA DE SEGUROS
SANTANDER CONSUMER MEDIACIÓN OPERADOR DE BANCA SEGUROS VINCULADO, S.L.
- Advised Santander Mediación on all regulatory and legal issues arising from its activity, including the implementation of the Insurance Distribution Directive and other relevant regulations.
- Assisting health insurance company Asisténcia Sanitária with the implementation of the EU’s Insurance Distribution Directive following its transposition into Spanish law.
- Advising Santander Consumer on the implementation of the EU’s Insurance Distribution Directive.
Highlighted for its ability to provide ‘accurate and business-oriented legal support‘, LEGSE Abogados is a well-established and highly specialised insurance boutique. The firm has recently seen an uptick in work in tax representation and anti-money laundering (AML), and maintains an active practice advising major insurance companies on policy wording, registration, insurance fraud and other matters. Managing partner Segundo Ruiz Rodriguez has vast experience in the insurance industry and leads the department. María Luisa Durán Poblet is the head of litigation and Paloma Avellán Ruiz de León heads the tax and AML practice.
Segundo Ruiz Rodriguez
Other key lawyers:
María Luisa Durán Poblet; Paloma Avellán Ruiz de León; Eduardo Trillo
‘The firm is able to answer to our request in very short time providing accurate and business-oriented legal support. The firm also keep us updated in case of changes in relevant laws or new trends related to the insurance sector.’
‘It is a practice 100% specialised in insurance law, which is really useful for companies in the insurance sector. The technical level of the team is excellent and they always follow a practical approach to different topics.’
‘Specialisation is very relevant for the insurance sector both from a regulatory / legal and fiscal point of view. It is difficult to find in Spain a boutique firm as specialised as Legse-Fides. The team is very professional and their responses are always prompt and very illustrative. Segundo Ruiz and Eduardo Trillo are great professionals who would stand out. Their extensive experience in the insurance sector is essential for any advice on the world of insurance in Spain.’
ALLIANZ LIFE LUXEMBOURG, S.A.
UTMOST PANEUROPE DAC
MONUMENT LIFE LIMITED
WEALINS LIFE LUXEMBOURG S.A.
LA MONDIALE EUROPARTNER, S.A.
VIDACAIXA S.A.U. DE SEGUROS Y REASEGUROS
PRUDENTIAL INTERNATIONAL ASSURANCE PLC
SEGURCAIXA ADESLAS, S.A. DE SEGUROS Y REASEGUROS
TELEFÓNICA SEGUROS Y REASEGUROS
COMPAÑÍA ASEGURADORA, S.A.U.
CREDIT AGRICOLE LIFE INSURANCE
HANSARD EUROPE DAC
SWISSPARTNERS VERSICHERUNG AG
IPTIQ (GROUP SWISS RE)
OCTIUM LIFE DAC
VITIS LIFE S.A.
QUILTER INTERNATIONAL LIFE IRELAND DAC
SEB Life International Assurance Company DA
Penningtons Manches Cooper LLP has considerable experience advising both insurers and insured companies in Spain and Latin America on both contentious and non-contentious matters. Marine, aviation, energy and civil liability insurance are all strengths of the firm, which uses a number of technological tools and platforms for the benefit of clients, including its Spectra platform, which can automate large-scale document review. Key practitioners include Bernardo Ruiz Lima, who handles insurance claims and matters arising out of major casualties; maritime law expert Ernesto Rivera, who counts insurance companies and P&I Clubs among his clients; and senior associate Victor Mata.
Juan Alegre; Bernardo Ruiz Lima; Ernesto Rivera
Other key lawyers:
‘They are always available to give us support in all the questions that we ask them. Its knowledge of the claims of hotel chains make them the reference office for us.’
‘Close treatment, always willing to listen and improve.’
AIG Europe Limited
Mapfre España S.A.
XL CATLIN- Spain
XL CATLIN México
Grupo BARCELÓ HOTELS
AXA Corporate Solutions (France)
ZURICH, Insurance PLC
MS AMLIN (UK)
Navigators & General (Zurich UK Ltd.)
Royal Sun Alliance (RSA)
Rogers & Co. Abogados
Rogers & Co. Abogados fields ‘a team of professionals with extensive experience in the insurance sector and a great understanding of the needs of its clients‘. The firm has a particularly strong track record in marine and cargo insurance matters, but is also active in a range of other areas, and is entrusted by major underwriters in Spain on complex and high-value insurance claims. David Diez Ramos, who has an ‘excellent analytical mind‘ and is ‘meticulous in the quality and depth of the advice he gives‘, leads the team.
David Diez Ramos
Other key lawyers:
‘Rogers and Co are a boutique firm, as a consequence of which the service they provide is bespoke, and personal, and they provide my colleagues and I with a very attentive, comprehensive service, and manage to comply with every deadline they are given, however short.’
‘David Diez Ramos is meticulous in the quality and depth of the advice he gives. He has an excellent analytical mind and provides clear yet comprehensive advice as to the application of Spanish law to the issues at hand and, most impressively, does this all for us in English, not his native language.’
‘The plus is the closeness and attention. We deal more with David Díez, who is a great professional as well as a great person.’
‘Comprehensive and in-depth study of the cases, including the substantive or sectorial part, maximum involvement with the issues / cases and in-depth knowledge of the legal branch related to insurance, especially in procedural / claims matters.’
‘David Diez is an expert with many years of successful practice in insurance, personal injury, property and general liability claims.’
‘Rogers & Co is made up of a team of professionals with extensive experience in the insurance sector and a great understanding of the needs of its clients. The quality of their services is excellent.’
‘The lawyers are experts in all matters related to insurance law, they are very accessible and are very involved in managing the matters entrusted to them to achieve the best results. The partners we work with most regularly are David Diez and Luis García.’
‘I would highlight the efficiency of its work and the immediate response to client problems.’
MS AMLIN MARINE BV
WK WEBSTERS UK
- Advising Mapfre as insurers of the MSC Terminal Valencia regarding property damage as a result of the casualty of the MSC MIA in September 2020.
- Advising the underwriters in relation to a policy cover dispute.
- Advising various client on product liability claims.
Praised for its ‘extensive insurance knowledge coupled with extensive courtroom experience‘, Wesolowski Abogados has a strong background in insurance litigation, where it has a good track record acting for insured companies. Non-contentious work also features, with the team providing advice to insurance companies and intermediaries on regulatory, commercial and corporate matters. Pablo Wesolowski has vast expertise in the insurance industry; he leads the department, which also includes insurance regulation expert Antonio Wesolowski and Javier Wesolowski, who leads the insurance litigation practice.
Other key lawyers:
Antonio Wesolowski; Javier Wesolowski; Pablo Wesolowski Valle
‘They are technically outstanding and very available.’
‘They are experts in insurance legal issues at an international level.’
‘Closeness and clarity in explanations. They avoid complex legal language so that the client fully understands what the risks / benefits of different situations are.’
‘WESOLOWSKI Abogados is a firm specialised in insurance with professionals with proven experience who know, understand and advise in a very scrupulous, clear and objective way in all matters that we submit to them. They stand out for their good knowledge of our business philosophy, for sharing it with us regarding the demanding standards that we apply and for their availability and commitment to the delivery we need.’
‘Cordial, forthcoming and accessible treatment in collaboration. I would highlight: Pablo Wesolowski, Antonio Wesolowski, Javier Wesolowski and Pablo Wesolowski Valle.’
‘The team is made up of professionals, specialised in different areas of law. It always provides accurate and fast response to my inquiries. I consider them as part of my family with strong connection between members of their team and me.‘
‘The individuals have a deep knowledge of the legal framework not only in Spain but also other European practices built by European directives, which is very useful and applicable to our firm. Their guidance is very valuable.’
‘Extensive insurance knowledge coupled with extensive courtroom experience.’
AXIS Specialty Europe SE
WILLIS TOWERS WATSON
SERVIHABITAT SERVICIOS INMOBILIARIOS
FINANCIAL ADVISORS ARFE
UMAS MUTUA DE SEGUROS
ACTIVE COMPAÑÍA DE SEGUROS FAMILIARES
AIG (AMERICAN INTERNATIONAL GROUP)
LIBERTY MUTUAL INSURANCE EUROPE
- Advises AXIS on claims handling for its personal accident and illness insurance business in Spain.
- Advises on Active Compañía de Seguros Familiares on the adaptation of the company’s insurance, distribution and product governance structures.
- Provided advice to Bulgarian insurance company Eroins on its entry into the Spanish insurance market.