Insurance in Spain

Pérez-Llorca

Clyde & Co LLP

Handling a range of complex contentious and non-contentious matters, Clyde & Co LLP has a particular focus on aviation insurance, as well as financial lines, cyber, property, casualty, marine and transport insurance. The regulatory insurance experts in the practice advise EU insurers and intermediaries on setting up branches in Spain, the incorporation of captive insurers, portfolio transfers, cross-border mergers and Spanish insurance. The team is jointly led by Ignacio Figuerol, who has experience advising Spanish and foreign insurers and reinsurers in insurance litigation, arbitration and non-contentious insurance matters; Ricardo Garrido, who specialises in industrial risks; Miguel Relaño, who is focused on contentious claims, especially involving construction, property, fire and professional liability; litigation specialist Isabel Burón; aviation, transport and shipping expert Enrique Navarro; Pablo Guillén, who advises Spanish and foreign insurance and reinsurance companies on all aspects of financial institutions claims; and Jesús Iglesias, whose fortes are regulatory issues and cyber risks.

Practice head(s):

Ignacio Figuerol; Ricardo Garrido; Miguel Relaño; Enrique Navarro; Pablo Guillén; Isabel Burón; Jesús Iglesias

Other key lawyers:

Luis Enrique Rodríguez; Sofía García-Ollauri; Diego Olmedo; Javier Hernández-Valenciano

Garrigues

The multi-disciplinary insurance practice at Garrigues provides expertise in litigation, employment, antitrust and European law, as well as being a leading tax advice firm for insurers. The department has particular specialisms in bancassurance joint ventures and reinsurance transactions. Innovation is another key area for the firm, which uses various tools to improve its offering, including Proces@, a robot designed by the firm in co-ordination with linguists and engineers from the Knowledge Engineering Institute (IIC) to index data, including audio and multimedia files. Àlvaro López-Jorrín provides advice to insurance companies in restructuring and M&A transactions, as well as regulatory and contractual insurance matters. He co-leads the team with Mónica Martín de Vidales, who is head of the firm’s corporate and commercial department. Also notable are María Fernández-Picazo, who advises on corporate reorganisation transactions involving insurance companies; principal associate Félix Ferreño, who focuses on the private equity and insurance markets; and senior associate Luis Covarrubias, who handles domestic and international insurance and M&A transactions.

Practice head(s):

Álvaro López-Jorrín; Mónica Martín de Vidales

Other key lawyers:

María Fernández-Picazo; Félix Ferreño; Luis Covarrubias

Key clients

Aegon

Allianz

Generali

Helvetia

Igualatorio Cantabria

Munich Re, Branch in Spain

Mutuavenir

Pelayo Mutua de Seguros a Prima Fija

Plus Ultra

Surne

Zurich

Bansabadell Seguros Generales & Vida

Banco Santander

Barclays

BBVA

BBVA Seguros

Gerocaixa

Work highlights

  • Advised Allianz on its sale to Santander of Allianz’s 60% stake in Allianz Popular and termination of the former bancassurance alliance between Allianz and Banco Popular.
  • Advised BBVA and BBVA Seguros on the bancassurance alliance with Allianz for general insurance (excluding health).
  • Advised Zurich on the telecom-insurance alliance with Orange.

Hogan Lovells International LLP

The ‘very collaborative’ insurance team at Hogan Lovells International LLPstands out for its expertise and knowledge of the sector’. The department is focused on assisting insurers and reinsurers in a broad range of matters, including corporate, regulatory, bancassurance, contentious insurance issues and reinsurance disputes. In addition, the firm utilises innovative tools to provide clients a full service, including the Blockchain Toolkit, a global guide to developing regulatory requirements within the insurance industry. Senior associate and expert in corporate law Felipe Vázquez is a name to note. 2020 saw the departures of Jaime Bofill and Joaquín Ruiz Echauri; Luis Alfonso Fernández and Virginia Martínez left the firm in 2021.

Other key lawyers:

Felipe Vázquez

Testimonials

‘A highly consolidated team that, for years, has been an absolute benchmark in the insurance and reinsurance dispatch sector that defends the interests of insurance companies.’

HL’s work is very important to us since it has a wide international network which is an advantage for us, we can count on legal advice and management both in Spain and in other countries and we can manage with peace of mind knowing that we are in good shape.’

‘They stand out for their expertise and knowledge of the sector. Very collaborative, always ready to give the best advice. High knowledge of regulatory matters and disputes.’

‘Team with many professionals, well diversified and with the appropriate seniority.’

Key clients

Axa

Allianz

Generali

Mapfre

CNP Partners

Liberty

Santa Lucía

Cigna

HDI

ANV Global Services Ltd.

Navigators Underwriting Ltd.

Willis Towers Watson

Solunion

Teladoc

Ibercaja

Orange

Mutua Madrileña

Prudential

Starr

Work highlights

  • Advised Allianz on its bancassurance alliance with BBVA.
  • Advised Ibercaja on its restructuring process within Caser Seguros due to Helvetia’s acquisition process (i.e. share deal and renovation of its bancassurance alliance).
  • Advising AXA on its acquisition of a 25% stake in MyInvestor as well as on a new bancassurance alliance with Andbank.

Kennedys

The ‘highly trained and decisive’ insurance specialists at Kennedys ‘work perfectly, respond quickly and are always available’. The practice handles a wide range of non-contentious and contentious proceedings, advisory work and policy wording matters, with particular experience in financial lines, professional indemnity, D&O claims, construction and defects, medical malpractice claims and product liability. In addition, the firm works with innovative tools to bolster its offering, such as IncidentCapture, an app designed to capture data consistently and accurately at the scene of an accident or incident. The ‘excellent, professional and multi-disciplinary team’ is co-led by Isidoro Ugena, who works exclusively in the insurance and reinsurance sector, advising domestic and foreign insurance companies on financial institutions claims; Olivia Delagrange, who focuses on marine, energy, construction, property and financial lines; and Alfonso De Ramos, who specialises in advising London market insurers on claims related to Spain and is an expert in coverage and litigation issues. Senior associates Marta Parrondo and Javier Montero and associate Alicia Fole are also noted.

Practice head(s):

Isidoro Ugena; Alfonso de Ramos; Olivia Delagrange

Other key lawyers:

Javier Montero; Marta Parrondo; Alicia Fole

Testimonials

‘Kennedys are a very expert firm in the insurance sector, where they clearly provide guidance when it comes to the viability of claims, and they have a well-rounded and efficient team. Would clearly put them above the average of other firms for their involvement and commitment.’

‘The team are knowledgeable, approachable and their ability to understand the needs of London Market insurers is invaluable. They are a go-to team for Spanish claims.’

‘Alfonso De Ramos, Alicia Fole, Paula Petit provide excellent advice, responsive and manage cases with commerciality at the forefront of their minds, which is invaluable for insurers. They explain the nuances of the Spanish system in a clear and concise way.’

‘Highly professional, taking pride in their efforts and results, eager to impress clients by achieving a quick finish where appropriate, rather than dragging out matters to increase billing.’

‘They show a very strong commitment, determination and pursuit of excellence, always responding quickly to email and very seldom needing prompting to chase up contacts with third parties.’

‘Olivia Delagrange – multi qualified / multi lingual, very good at advising on cross boarder disputes. Very responsive.’

‘The members of the Kennedys team have a deep knowledge of Insurance Law, which allows them to be one of the reference firms for Insurance Companies.’

‘The people of reference within the team are Olivia Delagrange and Alfonso de Ramos.’

Key clients

AIG Europe Spain

Swiss Re International Spain

Chaucer Syndicates

HDI GLOBAL

Previsora General MPS

IF

MSIG

BEAZLEY

BERKSHIRE HATHAWAY

RSA

MUNICH RE

RSA

Work highlights

  • Acting for GENERALI in a high-value claim made by a transportation company against an infrastructure contractor and their insurers.
  • Acting for AIG Europe’s Spain branch in a portfolio of claims on Architects and Engineers Professional Indemnity Insurance.
  • Representing AIG in a lawsuit for construction damages filed by the operators of a municipal sports center against architects, surveyors and contractors.

Uría Menéndez

Uría Menéndez combines ‘experience and mastery in the regulatory and legal fields, with a transversal vision of accounting and financial issues’, which allows the insurance team to provide a ‘very high-quality service, standing out among its peers’. The practice is particularly known for insurance M&A, value-in-force monetisation transactions, cross-border deals and bancassurance work, as well as the restructuring of insurance businesses. Guillermo San Pedro leads the team and has ‘extensive experience in insurance M&A operations’, among other areas. Competition and EU Law expert Patricia Vidal and senior associate Jaime del Fraile, who has ‘experience, strength and talent’, are also names to note.

Practice head(s):

Guillermo San Pedro

Other key lawyers:

Patricia Vidal; Jaime del Fraile

Testimonials

‘Outstanding mention to: Guillermo San Pedro: extensive experience in insurance M&A operations both in the preparation and dissolution of agreements. His ability to understand the main financial issues and argue in tax matters have allowed him to provide a fast and direct service on complex issues with solid contractual drafts.’

‘Jaime del Fraile (associate): experience and talent. Great ability to work on complex operations with mastery in the contracts phase. Would highlight the speed in providing solutions with the best quality standards.’

‘The experience and mastery in the regulatory and legal fields, together with a transversal vision of accounting and financial issues, allow Uría Menéndez’s insurance team to provide a very high quality service, standing out among its peers.’

‘The capacity for teamwork is formidable. The partner, Guillermo San Pedro, is 100% involved at all times.’

‘I would especially highlight the partner Guillermo San Pedro and the senior lawyer Jaime del Fraile. Extraordinary technical knowledge. His availability, predisposition and proactivity is commendable. In addition, their financial knowledge allows them to intervene efficiently and competitively in agreements with technical-financial components that go beyond strictly legal matters.’

Key clients

Banco Santander

Santander Seguros

Liberty Mutual Group

VidaCaixa S.A.U. de Seguros y Reaseguros

AIG

Mutua Madrileña

AXA

Generali

Munich RE

W.R. Berkley

Zurich Group

EICG

Santa Lucía

Mutualidad de la Abogacía

Ibercaja Banco

ABANCA VIDA

Athora

RCI Insurance

Fortegra Europe

BanSabadell Vida

Helvetia

Telefónica Insurance

AON Group

Wills Towers Watson Group

Work highlights

  • Advised Helvetia on the acquisition of approximately a 70% stake of the Spanish insurer Caser (Caja de Seguros Reunidos, Compañía de Seguros y Reaseguros.) for over €800m.
  • Advised Banco Santander on the acquisition of Allianz Group’s 60% stake in Allianz Popular Vida (now Popular Vida 2020), Allianz Popular Pensiones and Allianz Popular Asset Management for over €900m.
  • Advised Banco Santander on the restructuring of Banco Santander’s bancassurance agreements with Aegon, including the sale to Aegon Group of 100% of the share capital of the life insurance company Popular Vida 2000.

Ashurst LLP

Ashurst LLP is ‘very specialised in insurance, dominating the subject’. The firm has expertise in M&A transactions related to insurance and reinsurance companies, insurance distribution and bancassurance agreements, as well as regulatory and litigation matters in the insurance and pension funds sectors. The insurance department is also supported by experienced litigation and arbitration teams when required. Practice head María José Menéndez focuses on corporate and commercial law, particularly M&A, joint ventures and commercial contracts. Disputes expert José Antonio Rodríguez and experienced insurance-sector counsel Francisco de León are also recommended.

Practice head(s):

Maria José Menéndez

Other key lawyers:

José Antonio Rodríguez; Francisco De León

Testimonials

‘Francisco (Paco) de Leon was excellent to work with on a tight deal timeline. He was exceptionally responsive, knowledgeable, practical, and pleasant to work with.’

‘A lot of empathy with clients’ problems. Focused on finding solutions to any problem. Transparency and clarity in the approaches so there are never surprises. Thorough knowledge of regulation and practice.’

‘They are very specialized in Insurance, they dominate the subject.’

‘My experience with Francisco de Leon and Maria Jose Menedez is exceptional, always willing to spare no effort and responding with great professionalism.’

Key clients

Aviva Europe

VidaCaixa, Sociedad Anónima de Seguros y Reaseguros

Aegon Spain Holding B.V.

Aegon España, S.A. de Seguros y Reaseguros

Inverseguros

CESCE España (Compañía Española de Seguros de Crédito a la Exportación)

Mediterráneo Vida, Sociedad Anónima de Seguros y Reaseguros

Canada Life

CNP Partners, Seguros y Reaseguros S.A.

Liberty Seguros

Nationale Nederlanden

Work highlights

  • Advised Nationale Nederlanden as a bidder in the competitive process for the sale of a majority stake of 70% in the Spanish composite insurer Caser Seguros.
  • Advised Liberbank on the sale of a 2,3% stake in Caser to Helvetia (remaining as shareholder with approximately a 10% stake) and on the distribution agreement whereby Liberbank will continue to sell Caser’s insurance products.
  • Advised Aegon in the negotiation and execution of agreements related to the extension of its exclusive alliance of bancassurance in Spain to include the banking network from Banco Popular and to acquire the insurance business previously generated through said network.

Clifford Chance

The ‘consistent and available’ insurance department at Clifford Chance ensures ‘great technical skills in the context of a global firm’. The firm is well versed across a range of insurance, reinsurance and pension funds matters, spanning M&A, company law, corporate restructuring, administrative and regulatory law. The team specialises in high-value, multi-jurisdictional insurance and reinsurance transactions, and is also active in insurtech and litigation. Leading the team are Jaime Velázquez, who focuses on M&A and corporate finance, particularly in regulated sectors such as the insurance sector; litigation expert Fernando Irurzun; associate Fernando Giménez-Alvear, who acts in judicial and arbitration proceedings related to the insurance market; and senior associate Miguel Barredo, who advises banks, insurers and other financial services companies. Former practice head Jaime Sánchez left the firm in 2020 for an in-house position at Medvida.

Practice head(s):

Jaime Velázquez; Fernando Irurzun; Fernando Giménez-Alvear; Miguel Barredo

Testimonials

‘The Clifford Chance team, in the operation that advised us, in addition to a perfect treatment of its clients, knew how to anticipate events, anticipating possible reactions from the other parties involved and from the regulator, leading the other teams of counterparts’ attorneys in a complex operation, uniting and integrating the wills, not entirely coincident, of all parties, to bring the operation to a successful end.’

‘Preparation is the great strength and uniformity of the people who work. They are all good.’

‘The education of lawyers and their preparation. Fernando Irurzun.’

‘Tremendous effort and work capacity, always with the highest quality.’

‘Always an excellent attitude, commercial and problem-solving capacity, always with the utmost rigor.’

‘Clifford Chance, apart from its capacity in transnational operations thanks to its geographical presence, has a specific insurance team that probably makes it the most qualified firm among firms not exclusively dedicated to insurance. This, combined with the strength in other practices such as commercial or private equity, allows it to add value to the client in a wide range of aspects when facing a transaction.’

‘Cliffoird Chance ensures great technical skills in the context of a global firm that ensures availability of resources.’

‘The team is very professional and at the same time close and always accessible, even if it is for questions that do not have to do specifically with the commission contracted.’

Key clients

Abanca

Admiral

Amour Group Limited

AXA Partners

AXA XL

Bankia

BT

CaixaBank

Carrefour

Domestic & General

Fidelidade

Future Pipe Industries

General Electric Power

JP Morgan

L&G

Mapfre

ReAssure

Reliance National Insurance Company

WiZink Bank

Zurich

Work highlights

  • Advised 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 leading Spanish e-bank WiZink Bank (specialised in savings products and credit cards businesses) in corporate and regulatory aspects of its merger with WiZink Bank’s group bancassurance operator WiZink Mediador.
  • Advised AXA group division AXA XL in its intra-group legal entity consolidation project, involving two cross-border mergers of European risk carriers which write non-life insurance business.

Cuatrecasas

The multi-disciplinary practice at Cuatrecasas specialises in insurance matters related to tax, corporate, regulatory, litigation and labour issues. The firm has experience advising on M&A and portfolio transfer transactions, as well as assisting foreign companies in a range of insurance matters, particularly businesses in Luxembourg and Ireland. Rebeca Rodríguez focuses on insurance company taxation and social welfare, providing institutional and product-related advice. She co-leads the team with Eduardo Ramírez, who provides corporate advice to finance companies and assists on innovative products for banks, financial entities, investment funds, insurance companies, pension schemes and provident societies. Another key name in the area is counsel Carlos Bonhome, who advises insurance companies on commercial and regulatory matters.

Practice head(s):

Rebeca Rodríguez; Eduardo Ramírez

Other key lawyers:

Adolfo Rovira; Carlos Ferrer; Iñigo Quintana; Carlos Bonhome

Key clients

CATALANA OCCIDENTE

MUTUA MADRILEÑA

MAPFRE

ZURICH

LIBERTY MUTUAL

INTESA SANPAOLO

AEGON

INTER PARTNER ASSISTANCE (AXA GROUP)

ATRADIUS CRÉDITO Y CAUCIÓN

REALE

Work highlights

  • Advising LIBERBANK, IBERCAJA, UNICAJA on selling a stake in Caser.
  • Advising AEGON on the tax implications in the execution of the agreement with Banco Santander by which Aegon becomes the bank’s leading insurance partner.
  • Advising MUTUA MADRILEÑA on acquiring a 20% minority stake in Alantra Asset Management, and on creating a joint investment vehicle agreed by both companies.

DAC Beachcroft LLP

The ‘serious and professionalDAC Beachcroft LLP receives praise for its ‘wide knowledge of the market’. Its multi-jurisdictional expertise covers the UK, Europe, US, Asia Pacific and Latin America, with contentious insurance matters involving Latin American jurisdictions being a particular strength. Specialisms for the department include professional indemnity, industrial losses, product liability and recall matters, and the team is also equipped to provide international cyber claims administration solutions and innovative breach response advice. José María Álvarez-Cienfuegos, Beatriz Rodríguez, José María Pimentel and Pilar Rodríguez co-lead the team, which expanded in 2020 with the arrival of Eduardo Asensi Pallarés, Iñigo Cid-Luna Clares and Julio Albi from legacy firm Asjusa Abogados.

Practice head(s):

José María Álvarez-Cienfuegos; Beatriz Rodríguez; José María Pimentel; Eduardo Asensi Pallarés; Iñigo Cid-Luna Clares; Pilar Rodríguez; Julio Albi

Testimonials

‘DAC lawyers are serious and professional. Very agile in resolving queries. They have a great knowledge of local jurisdictions. Our experience in Spain, UK and Latam is very positive. In Spain, the DAC team is highly trained, the qualification is very high. ‘

‘I would highlight the work of José María Álvarez-Cienfuegos. His customer service and professionalism is unbeatable. ‘

‘Great domain of insurance law. The firm has professionals who work very well in this sector of law. It is one of the reference offices for Insurance Companies.’

‘It is a reference firm in the market, with a lot of credibility. Working with them means a guarantee of a job well done and of respect in the market. ‘

‘Great treatment, wide knowledge of the Market, Great professionals’

Key clients

AXA-XL

Mapfre Global Risks

Chubb Insurance Group Ltd

AIG Insurance Europe Limited

Liberty Mutual Insurance Co

Generali

AXA SEGUROS

QBE Spain

ALLIANZ SEGUROS

BERKSHIRE HATHAWAY

FIATC MUTUA DE SEGUROS Y REASEGUROS

Work highlights

  • Instructed to represent GENERALI ESPAÑA, S.A. CÍA DE SEGUROS Y REASEGUROS in the coverage dispute brought by its Insured (Spanish Engineering company) before the Spanish Courts. The dispute arises out from the construction of an off shore platform in Denmark, in which the Insured was contracted by the owner of the project to construct two wellhead platforms. The owner issued proceedings against the Insured in the UK seeking indemnity of the costs incurred to solve the design errors found in the Jackets of the platforms and to repair the defective works performed in the Topsides of the platforms. These claims were finally settled by the Insured by virtue of an out-of-Court agreement. The Insured is now seeking recovery under the policy underwritten with PI Insurers not only of the amounts settled with the owner of the project but also of the defence costs incurred in defending the claim before the UK Courts. Trial took place in July 2019; judgment is currently awaited.

Gómez-Acebo & Pombo

The ‘expert, cohesive and knowledgeable’ insurance practice at Gómez-Acebo & Pombostands out for its ability to adapt to the specification of the client, providing added value advice combined with deep regulatory knowledge'. The department gives general legal, transactional, cross-border, litigation and regulatory advice in the insurance area, and is supported by the firm’s commercial, financial, data protection and tax groups. With broad expertise across the gamut of insurance matters, the team is also noted for its particular expertise in Brexit, insurtech, Insurance Distribution Directive (IDD) and Covid-19 related advice. Insurance, banking and securities expert Ángel Varela co-leads the team with Pablo Muelas, who ‘stands out for his technical knowledge and his ability to apply it in an eminently practical way’.

Practice head(s):

Ángel Varela; Pablo Muelas

Other key lawyers:

Íñigo Erlaiz; Fernando Igartua; Santiago Gómez-Acebo; Enrique Ortega

Testimonials

‘They stand out for their knowledge of the subject, and the practical use of the results they deliver. They are knowledgeable on the matter, from the point of view of the regulator, as well as from the regulatory point of view, having a lot of experience with companies in the sector, which allows them to have an open mind in the analysis they carry out on any matter. Their relationship with the regulator is very important. Another aspect to highlight would be its availability to cover any of its clients’ needs. Among the partners I would highlight Pablo Muelas, Santiago Goméz-Acebo and Fernando Igartua.’

‘Its involvement with the case, proactivity, proximity and accessibility. Together with its knowledge and professional preparation.’

‘Pablo Muelas has an excellent relationship with the insurance supervisor and a very deep technical knowledge on controversial technical issues in the insurance field.’

‘Expert, cohesive, close to the interests of the client, knowledgeable in the sector.’

‘The Insurance team stands out for its ability to adapt to the specificities of the client, providing added value advice regarding what is requested, given its deep regulatory knowledge.’

‘Pablo Muelas stands out for his technical knowledge and his ability to apply it in an eminently practical way to provide creative solutions to legal problems.’

‘As in-house lawyers we need to know that the team is trained to meet our specific needs and propose measures that lead to success. The Gómez-Acebo & Pombo team has understood from the beginning our main needs in terms of insurance and reinsurance through its leader Pablo Muelas. ’

‘To highlight especially the magnificent work of Pablo Muelas, his involvement and commitment to our company.’

Key clients

AMAEF

CASER

ABANCA

ASISA

PREMAAT

ADMIRAL

INTEGRA BROKERS

PREVIMUTUA

VALIRO BROKERS

Work highlights

  • Advising PREMAAT in a complex merger operation with HNA.
  • Advise PREVIMUTUA on the process of merging with MDC, another mutuality.
  • Structured a reinsurance scheme whereby ADMIRAL (REINSURANCE SCHEME) would take part of the risk and would provide pricing for a joint product.

Herbert Smith Freehills LLP

With ‘extensive experience and knowledge in industrial insurance’, Herbert Smith Freehills LLP specialises in contentious and multi-jurisdictional matters. Acting primarily for insured companies, the experienced insurance disputes practice covers the key areas of energy and construction, D&O and financial lines, product liability, telecoms, mass tort litigation and reinsurance. On the non-contentious side, the firm provides corporate regulatory expertise. Practice head Paulino Fajardo has ‘a lot of experience in insurance matters, and gives high-quality and reliable advice’. Another key name in the team is counsel Alejandra Galdos, whose strengths include energy and construction disputes for key insurers, reinsurers and policyholders. Consultant Francisco Montiano joined from Mapfre in 2020 and brings regulatory insurance experience.

Practice head(s):

Paulino Fajardo

Other key lawyers:

Alejandra Galdos; Leopoldo González-Echenique; Francisco Montiano; Consuelo Puerta; Milagros Sanz; Joaquin Fernandez

Testimonials

‘The professionals at this firm are highly qualified and have consolidated experience with absolute control of the issues they handle.’

‘Consuelo Puerta conveys confidence due to her solid understanding of procedural issues; Milagros Sanz stands out in her knowledge of insurance jurisprudence, both Spanish and international.’

‘Herbert Smith’s team of professionals is a team with extensive experience and knowledge in industrial insurance. Given the complexity of the issues and their extensive knowledge, they provide solutions to all issues, keeping the company promptly informed of the status of the issues they manage.’

‘The partners we usually collaborate with are Paulino Fajardo and his team: Alejandra Galgos, Joaquin Fernandez and Consuelo Puerta. ‘

‘The HSF insurance team is highly qualified in this practice, they have a lot of experience.’

‘The partner Paulino Fajardo has a lot of experience in insurance matters, he gives high-quality and reliable advice.’

‘Excellent professionals, who have extensive knowledge of the sector, its regulations and the interests of the different stakeholders (insurers, reinsurers, risk managers, etc.).’

‘The best are Paulino Fajardo, an absolute reference in the sector, and Francisco Montiano who comes from the in-house world and brings a much-needed vision in law firms.’

Key clients

HDI Global SE

Red Eléctrica de España

Mapfre España/ Mapfre Re

Soltec Energías Renovables

QBE Europe SA/NV

Atlantica Yield LLP

Befesa ScanDust AB

Banco de Santander

Work highlights

  • Represented HDI Global on a cover dispute brought by Telefónica on behalf of its former branch Terra under the securities extension of its D&O policy.
  • Advised Atlantica Yield and its South African subsidiary Kaxu Solar One on the international all risk property damage insurance programme subscribed with FM Global Insurance Company and Emerald Risk Transfer on behalf of Santam.
  • Appointed to act in the defence of Renfe in judicial proceedings arising from train accidents.

MUÑOZ ARRIBAS ABOGADOS SLP

With more than 30 years of recognised prestige in Spain within insurance’, MUÑOZ ARRIBAS ABOGADOS SLP fields lawyers who ‘know the law and especially the insurance sector, which is difficult to find’. The firm has multi-disciplinary expertise in the area, with specialisms in accidents, professional illness and professional civil liability, as well as D&O, property damage, financial lines and regulatory matters. The team is co-led by Jose Antonio Muñoz Villareal, who is an expert in tort law, medical malpractice, professional liability, construction liability, technical professions, D&O, public authorities, environmental liability and cyber risk; head of the medical malpractice department Bernardo Ybarra Malo de Molina; Francisco Javier Muñoz Villareal, who advises on professional liability; and Alberto Muñoz Villareal, who focuses on civil liability and cyber risk matters.

Practice head(s):

Jose Antonio Muñoz Villareal; Bernardo Ybarra Malo de Molina; Francisco Javier Muñoz Villareal; Alberto Muñoz Villareal

Other key lawyers:

Ismael Valera Bonet

Testimonials

‘The best thing about Muñoz Arribas is the complete and diversified team of people who can attend to any type of incident. There is always a resource from the office for each situation.’

‘The best qualities are to always be up to date, publishing reports on current problems, the proximity of each one of them, who consider the office as their own.’

‘It is a Law Firm with more than 30 years of recognized prestige in Spain within the Insurance sector. They dominate all jurisdictions (Civil, Criminal, Labor and Administrative Litigation) and being practically daily in the different Courts of Spain they know well what is a plus in order to face the defense strategy in each matter. When working with many insurers, they know the sector very well and understand well the needs that insurance companies have, giving a plus in that regard.’

‘They are lawyers who know the law and especially the insurance sector, which is difficult to find, decisive and with great experience. Great value for money, adjusting to the economic reality that we live in. As partners I would highlight Jose Antonio Muñoz Villarreal, Francisco Javier Muñoz Villarreal, Alberto Muñoz Villarreal and Bernardo Ybarra Malo de Molina, being the same ones in charge of directing the firm without neglecting the practice of law as well as the teaching work that all of them carry out. in different institutions of the most recognized prestige.’

‘The Muñoz Arribas Firm is especially proactive in its communications in order to keep the file informed and updated. They have a very high expertise in the matter and a success rate higher than other firms in the market. Full availability and quick response to our inquiries is also key to a very positive assessment.’

‘As outstanding qualities: Availability and communication; Legal expertise; Adaptability; Knowledge and updating of legislation and regulations in sectors with frequent modifications.’

Key clients

Asefa

REPSOL

JOMAR SEGURIDAD S.L.; GRUPO ELECNOR

SENER INGENIERIA Y SISTEMAS S.A.

SEGURCAIXA ADESLAS

Lloyd´s

W.R. Berkley

Sham

Nexus Iberian

Telefónica Seguros

Agrupación Convenio Responsabilidad Civil

Aseguradores de Riesgos Nucleares

Indra

Elecnor

Aig

Chubb

AXA XL

Hiscox

Work highlights

  • Managing, on behalf of Segurcaixa Adeslas, the claims of six bar associations, with cases of civil liability of all kinds.
  • Advising HDI GLOBAL SE SUCURSAL EN ESPAÑA on an incident in which a partial collapse occurred during the execution of the partial refurbishment of a building.
  • Advising AIG EUROPA in a workplace accident with two injured people in Portugal, with civil and criminal proceedings, claims for accidents at work occurring abroad.

Albors Galiano Portales

Known for its marine insurance expertise, Albors Galiano Portales also provides advice on liquidation claims, property damages, business interruption, civil liability and product liability, as well as reinsurance contracts. The firm assists clients with mediation on private insurance and handles the tax representation of foreign insurance companies ready to operate in Spain. Maritime, insurance and reinsurance law expert Eduardo Albors co-leads the practice with Javier Portales, who focuses on maritime and aviation law, admiralty, marine insurance and transport.

Practice head(s):

Eduardo Albors; Javier Portales

Other key lawyers:

Alfonso de Ochoa; Anja Fabrega

Key clients

Allianz Global Corporate

AXA XL

Circles Group

Generali España, SA de Seguros y Reaseguros

Repsol

Zurich Insurance Plc

The Wren Insurance Association Limited

Mapfre Global Risks

FHECOR INGENIEROS CONSULTORES

IDOM S.L.

Work highlights

  • Advising AXA XL insurers in a coverage dispute with insured GESTAMP in respect of a defective supply of parts for VOLVO cars.

CMS Albiñana y Suárez de Lezo

The growing practice at CMS Albiñana y Suárez de Lezo specialises in the areas of insurtech, innovation, litigation and regulation in the insurance and reinsurance sector. The team also benefits from the firm’s global network, particularly in continental Europe, and leverages its multi-disciplinary expertise in corporate matters. Jaime Bofill is head of the insurance, reinsurance and innovation department and focuses on corporate regulatory matters, as well as issues relating to insurance litigation. He arrived in 2020 along with experienced senior associate Jorge Etreros and associates Macarena Sanz and Adriana de Zunzunegui.

Practice head(s):

Jaime Bofill

Other key lawyers:

Rafael Sáez; Jorge Etreros; Macarena Sanz; Adriana de Zunzunegui; Guillermo Donadeu

Key clients

Chubb Insurance Group

Beazley Limited

Liberty Group

Willis Towers Watson

Sompo International

Ambridge Europe

Acquinex Limited

AmTrust

Crawford & Company

Blevins Franks Financial Limited

Scottish Friendly

Elite Insurance Company

Groupe SMA

ANV Global Services

Allianz Partners

Work highlights

  • Provided advice to various companies in the Willis Towers Watson group in relation to corporate, commercial, regulatory, insurance mediation and data protection matters.
  • Advised AmTrust in relation to four claims filed by various policyholders under different warranties and indemnities (W&I) insurance products.
  • Advised Beazley Insurance in relation to regulatory matters, in particular analysing and implementing alternative structures for conducting insurance intermediation services in Europe after Brexit.

DWF-RCD

The ‘extremely able, personable and commercialDWF-RCD stands out for its ‘excellence of knowledge and practical experience, combining not only insurance regulations but also other branches of law'. After the 2020 merger with DWF the insurance practice can now call on a global network to advise on multi-jurisdictional matters. Particular expertise includes insurance tax, insurance regulatory advice and cyber risk matters. The highly regarded Ruth Duque leads the team and is an expert in regulatory and commercial insurance law.

Practice head(s):

Ruth Duque

Other key lawyers:

Carlos Nogareda; Amara Oderiz

Testimonials

‘Ruth Duque and her team are real experts in the field, always supportive of our needs, business oriented and collaborative.’

‘We work with both the insurance and procedural teams. Both Ruth Duque and her team show not only a precise and high knowledge of the different insurance lines but also of how the local Regulator works.’

‘Ruth Duque and Amara Oderiz, you can always count on them, even when there are really tight deadlines.’

‘Their advice is delivered in calls if needed which makes them especially useful for a Group where some stakeholders may not be so familiar with the issues at hand. Their English skills are also highly appreciated.’

‘The wide and deep knowledge of the sectoral regulations together with the ability to provide practical solutions to problems, based on a pragmatic and extremely rigorous approach.’

‘The excellence of the knowledge and practical experience that it has, combining not only insurance regulations but also that of other branches of law, which allows them to give a comprehensive approach.’

‘They are an extremely able, personable, and commercial team, led brilliantly by Ruth Duque. Best of all, they have really taken the time to understand our business, and not charged us for the privilege of doing so.’

‘Ruth Duque leads the team and has been thoroughly excellent. She is extremely competent, highly commercial, and very reasonable when it comes to charges.’

Blanco & Asociados Abogados

Highlighted for their 'proximity, availability and extensive knowledge', the insurance experts at specialised boutique Blanco & Asociados Abogados are well versed in complex and high-end disputes, where they act for major insurance companies. The team's client base also includes well-known Spanish and international companies operating in the energy, automotive and hospitality sectors, among others. Also of note is the firm's membership of the Global Insurance Law Connect network of law firms specialising in insurance and civil liability. The highly regarded Fernando Blanco Giraldo has vast experience representing insurance and reinsurance companies in high-value claims; he leads the team, which also includes key partners Santiago Martín Gil, Adrián Martínez de Velasco González and associate Fernando Blanco Gamella.

Practice head(s):

Fernando Blanco Giraldo

Testimonials

Great experts in the practice and specifically of the litigious part of property insurance (Property) and, above all, RC (Casualty).’

This is an office that does an exceptional job for our organization. Aspects to highlight are the proximity, availability, extensive knowledge and the very satisfactory resolution of queries. The forums they participate in are very interesting.

They are part of a very powerful international network of law firms, with firms of recognized prestige, equivalent to yours, in many countries.’

Blanco y Asociados Law Firm is made up of lawyers who have dedicated their entire professional careers to Insurance Law. Their dedication is exclusively to Insurance, which allows them a great specialization in that field, and makes them great experts in different areas of Insurance Law, such as claims for differences in criteria in coverage of Material Damages, in Civil Liability, both General and Professional, and D&O.

For the innovations introduced in practice, I would especially value the collaboration that leads them to work in very specific fields and that require in-depth studies of the Insurance Sector, such as analysis of the language of insurance policies. The legal and jurisprudential record of the insurance contract. Tasks of deep study and research in insurance law.’

It is an office in full evolution in terms of the service it provides, especially for delving into new subjects that interest us and for always giving satisfactory answers.

The proximity, availability, extensive knowledge, very satisfactory resolution of queries. The managing partner, Fernando Blanco stands out especially, but all the lawyers in the firm are very competent.’

It is an office with a very refined legal technique. Great acquaintances of the Spanish Insurance Market, with good results.’

Key clients

ZURICH INSURANCE PLC ALLIANZ GLOBAL CORPORATE & SPECIALITY MAPFRE GLOBAL RISKS RSA COCA COLA SPAIN CORPORACION GESTAMP COBRA INFRAESTRUCTURAS HIDRÁULICAS, S.A. WR BERKLEY SPAIN HISCOX UNDERWRITING UK WILLIS TOWERS WATSON IBERIA ARCELOR MITTAL VOLKSWAGEN VERSICHERUNG AG ACCIONA FACILITY SERVICES MELIA HOTELS INTERNATIONAL SEGURCAIXA ADESLAS SOLARIA ENERGÍA MEDIO AMBIENTE, S.A GLOBALVIA INVERSIONES, S.A. GLOBAL DOMINION ACCESS

Work highlights

  • Assisted Zurich Insurance PLC in an insurance contract coverage dispute.
  • Represented Cobra Infraestructura Hidráulica in a claim filed against its insurer.
  • Acted for F.Faiges in a claim filed against another company for a fire that occurred at its facility.

Azsure Abogados SLP

Azsure Abogados SLP handles a range of contentious and non-contentious matters in the insurance and reinsurance sectors, with particular expertise in cross-border issues for national and international clients. Managing partner and co-founder Jesús Vélez specialises in cases involving directors and officers, financial lines and the professional indemnity of architects, surveyors, lawyers and insurance brokers. His team was boosted by the arrival of Javier Goizueta and senior associates Ilse-Maries Dames and Jaime Mascareñas, who joined in 2020.

Deloitte Legal

The multi-disciplinary team at Deloitte Legal handles regulatory and tax advice to, and arising from, the insurance sector. Known for its ‘availability and accessibility’, the practice is led by Ignacio Ortiz del Río, who specialises in legal, regulatory and tax advisory services to Spanish and international insurance entities. Principal associate José Luis Herrero is also noted.

Practice head(s):

Ignacio Ortiz del Río

Other key lawyers:

José Luis Herrero

Testimonials

‘Multidisciplinary team so any questions or related queries are resolved. Likewise, the availability and accessibility of the entire team is felt, including the main associate: José Luis Herrero.’

Key clients

HELLO INSURANCE

ALLIANZ PARTNERS

SEGUROS OCASO

SANTA LUCIA

AIG

RGA

LIBERTY

SANTANDER

MAPFRE

AXA

AEGON

Work highlights

  • Provided legal advice to Hello to set up and develop the insurance company.
  • Advised Allianz in the negotiation of the agreement with BBVA to create a joint insurance company.
  • Advising OCASO on different Brexit projects with credit institutions, investment firms and insurance companies.

KPMG Abogados, Spain

As well as specialising in tax advice to the insurance sector, KPMG Abogados, Spain brings together multi-disciplinary expertise in regulation, insurance and litigation, to provide clients with a full service in the area. The firm advises on a range of local and cross-border matters including compliance, corporate governance, investor protection, transparency, and the supervision and authorisation of insurance undertakings, as well as insurance and reinsurance litigation. The team is co-led by Francisco Uría Fernández, Beatriz Rua, Víctor Mendoza-Aguado, Irene Cao Ruiz and Pilar Galán Gavilá.

Practice head(s):

Francisco Uría Fernández; Beatriz Rúa; Víctor Mendoza-Aguado; Irene Cao Ruiz; Pilar Galán Gavilá

Key clients

Generali España, S.A. de Seguros y Reaseguros

Mutualidad General de Previsión Social de los gestores administrativos a prima fija (mutuaga)

Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.

Santander Consumer Mediación Operador de Banca Seguros Vinculado, S.L.

Santa Lucia, S.A. Compañía de Seguros y Reaseguros

Seguros El Corte Inglés, Vida y Pensiones y Reaseguros, S.A.U.

Cardif Assurance Vie – Sucursal en España

Cardif Assurances Risques Divers – Sucursal en España

Hiscox, S.A., Sucursal en España

Liberty Specialty Markets Group

Alphabet España Fleet Management

Volkswagen Financial Services

ALD Automotive

Work highlights

  • Represented Generali in litigation proceedings to claim damages caused by the actions of an insurance agent who breached an agency contract.
  • Advised Santander Seguros on the review of the governance system in relation to the insurance group according to Solvency II requirements.
  • Advised Santa Lucía on the due diligence and assistance on other tax related issues linked to the potential acquisition structure of a 60.4% stake of another insurance entity (CASER).

LEGSE Abogados

Boutique insurance firm LEGSE Abogados focuses on advising national and international insurance companies in a range of matters, including general legal advice, judicial proceedings, acting as ombudsman for insurance companies and pension plans, insurer’s tax representation and insurance policy wording. Founding partner Segundo Ruiz Rodriguez specialises in insurance law, with particular expertise in litigation arising from claims against insurance companies. Another key name in the practice is María Luisa Durán Poblet, who has experience in criminal and insurance law.

Practice head(s):

Segundo Ruiz Rodriguez

Other key lawyers:

María Luisa Durán Poblet

Key clients

ALLIANZ LIFE LUXEMBOURG, S.A.

UTMOST PANEUROPE DAC

LAGUNA LIFE LIMITED

CITY INSURANCE

LA MONDIALE EUROPARTNER, S.A.

VIDACAIXA S.A.U. DE SEGUROS Y REASEGUROS S.A.U.

PRUDENTIAL INTERNATIONAL ASSURANCE PLC

SEGURCAIXA ADESLAS, S.A. DE SEGUROS Y REASEGUROS

TELEFÓNICA INSURANCE, S.A

CREDIT AGRICOLE LIFE INSURANCE

HANSARD EUROPE DAC

SWISSPARTNERS VERSICHERUNG AG

IPTIQ (GROUP SWISS RE)

VHV VERSICHERUNGEN

OCTIUM LIFE DAC

VITIS LIFE S.A.

QUILTER INTERNATIONAL LIFE IRELAND DAC

SEB Life International Assurance Company DAC

Work highlights

  • The Spanish Supreme Court issued a Unification Doctrinal Judgment (number 3326/2016) in a judicial proceeding where the firm represented VIDACAIXA (the #1 life insurance company in Spain) as lawyers. LEGSE-FIDES not only won the action but also the Spanish Supreme Court defined the judgment as one of “Unification of Doctrine”, due to the legal issues decided.
  • OFESAUTO, had a huge problem related to insurance fraud in the Spanish city of Ceuta. OFESAUTO hired LEGSE/FIDES Abogados to manage several judicial actions against the criminal organization responsible of these insurance swindles.
  • LEGSE-FIDES Abogados was appointed as tax representatives and legal advisors in Spain of GENERALI ZAVAROVALNICA (SLOVENIA), LAGUNA LIFE DAC (IRELAND), NORDIC GUARANTEE (SWEDEN), CITY INSURANCE (ROMANIA) in the last 12 months.

Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP advises clients in Spain and South America on disputes under English and Spanish law, as well as acting in the Spanish, English and Welsh courts. The practice has international experience in marine, energy, aviation, transport, major casualties, tourism, environmental and pollution insurance matters. As a result of the 2019 merger, the firm has also increased its expertise in travel law issues; Mark Lee is the key name in this area. The team is co-led by Juan Alegre, who focuses on shipping and international trade; Bernardo Ruiz Lima, who handles insurance claims, logistics and transport issues, P&I and salvage proceedings; and shipping and international commercial law expert Ernesto Rivera.

Practice head(s):

Juan Alegre; Bernardo Ruiz Lima; Ernesto Rivera

Other key lawyers:

Mark Lee

Key clients

AIG Europe Limited (Spain)

Mapfre España S.A.

XL CATLIN- Spain

XL CATLIN México

Grupo BARCELÓ HOTELS

AXA Corporate Solutions (France)

XL CATLIN (France)

Helvetia Compañia de Seguros y Reaseguros

AIG Europe Ltd

HISCOX

UNIVERSAL SEGUROS

Work highlights

  • Acted on behalf of AIG, representing them in connection with over 100 claims brought by foreign holidaymakers against several Spanish hotels and leisure groups.
  • Acting on behalf of AIG in connection with an environmental disaster.
  • Representing Mapfre España in over 100 different files, concerning civil liability, property, casualties, fires, etc.

Rogers & Co. Abogados

Best known for marine insurance, Rogers & Co. Abogados has ‘a wide range of capabilities and subject knowledge’, including personal injury work, and demonstrates significant knowledge of the UK and Spanish markets. David Diez Ramos leads the insurance team and specialises in personal injury and marine matters. Another key name in the area is Marie Rogers, who ‘stands out for international personal injury, given her experience of having worked in both the UK and Spain’. The practice was boosted by the 2020 arrival of Rubén Castro López, who joined from Anticipa Real Estate and brings experience in general insurance law, contract and tort.

Practice head(s):

David Diez Ramos

Other key lawyers:

Marie Rogers; Rubén Castro López

Testimonials

‘Fast and efficient service, excellent knowledge of the law and great English.’

‘Marie and David have always been professional, efficient, consistent and of excellent standard. We have built up a great relationship over the years.’

‘We always get very clear and to the point advice. We are very happy with their services.’

‘Excellent practice which I would not hesitate to recommended. Despite the size of the firm, they have a wide range of capabilities and subject knowledge. Marie Rogers particularly stands out for international personal injury given her experience of having worked in both the UK and Spain. The firm on the whole are very responsive. The firm truly values their clients and are prepared to go above and beyond.’

‘Marie Rogers is excellent. Very responsive, extremely helpful and knowledgeable. David Diez Ramos also stands out as a high quality technical lawyer who is able to explain complex issues in a straightforward and client friendly way.’

‘Marie has extensive knowledge of the travel regulations and provides expert advice to assist us in dealing with Spanish suppliers.’

‘When it comes to advice on cross border litigation and insurance issues, it is hard to find a better mix of expertise and commercial sense. Their ability to navigate both the UK and Spanish markets is invaluable.’

‘The practice is expertly lead by the titular Marie Rogers, ably assisted by David Diez Ramos and Luis Garcia Villar.’

Key clients

AXA XL

RSA LUXEMBOURG

AIG EUROPE

ITAL UK

NAVIGATORS

TOKIO MARINE HCC

MS AMLIN

CHUBB EUROPEAN GROUP

TOKIO MARINE KILN

QBE INSURANCE (EUROPE) LTD

REALE SEGUROS GENERALES

TRAVELERS

Work highlights

  • Assisting QBE in the judicial and extrajudicial defence of several of its most important assureds in relation to claims for personal and property losses.
  • Advising CHUBB EUROPEAN GROUP in relation to numerous high-value subrogated claims.
  • Advising AXA XL in claims for property damage caused by fire.

Wesolowski Abogados

Magnificent’ boutique Wesolowski Abogados is best known for insurance litigation, primarily acting for insureds and policyholders. The firm is ‘technically excellent’ and ‘knows the sector, the main actors and its operation in Spain’. The practice also advises insurance companies and insurance intermediaries on regulatory, contractual and insurance M&A matters. Pablo Wesolowski leads the team and represents national and international insurance companies and Lloyd’s syndicates in claims in Spain, the UK and Latin America, in addition to advising on corporate, regulatory, licensing and fiscal issues.

Practice head(s):

Pablo Wesolowski

Other key lawyers:

Antonio Wesolowski; Javier Wesolowski

Testimonials

‘It is a magnificent team, prepared and with a management very close to the client’s needs.’

‘Flexibility is important for them and in their relationship with the client, in addition to knowing how to adapt their fees to the client without the quality of their services being inferior.’

‘Comprehensive knowledge of insurance practice, both theoretical and practical; i.e. not only applicable laws but also experience in insurance litigation.’

‘Knowledge of all the players in the sector; insurance companies, law firms, experts, etc.’

‘Flexibility in working and billing modes to adapt to the needs of clients case by case.’

‘Pablo Wesolowski, Antonio Wesolowski Javier Wesolowski. Pablo is a benchmark in the sector after many years of experience. Antonio also brings experience in litigation procedures. Javier demonstrates the best knowledge of all the details of the case.’

‘A good team that provides a very personalized service. They know the sector, both the main actors and its operation in Spain, technically they are good.’

‘They are Magnificent. They are classic but technically excellent and the treatment is perfect. They are the ones who know the most about the sector. And they are not afraid of insurers.’

Key clients

RENOVALIA ENERGY GROUP

AXIS SPECIALTY EUROPE

FERROVIAL

ACTIVE SEGUROS FAMILIARES

REAL FEDERACION ESPAÑOLA DE NATACIÓN

SAMSUNG

SPANISH ASSOCIATION OF INSURANCE INTERMEDIARIES (CONSEJO GENERAL DE COLEGIOS DE MEDIADORES DE SEGUROS)

RENOVALIA

Work highlights

  • Acting for RENOVALIA ENERGY GROUP, which obtained nearly €20M as compensation for the September 2017 earthquake in Oaxaca (Mexico) that caused severe damages in two wind farms.
  • Reviewing ACTIVE SEGUROS FAMILIARES’ entire portfolio of insurance products.
  • Obtained €1.1M as compensation for REAL FEDERACIÓN ESPAÑOLA DE NATACIÓN, the Spanish Swimming Federation, under the D&O insurance policy after its managing director failed to submit in due time a critical grant of €2M.