Acting for insurers, reinsurers, brokers, policyholders, lenders and sponsors, Carey’s nine-member insurance and reinsurance practice fuses regulatory expertise with experience in significant claims, bancassurance structures, portfolio transfers and sector-related transactions. The group, which is ‘characterised by its excellent combination of technical expertise, in-depth knowledge of the Chilean legal environment, and a clear international focus’, regularly assists with obtaining approvals for authorisations, changes of control and portfolio transfers, as well as structuring business models for cross-border and specialty products. Its advice extends to foreign reinsurer accreditation, market conduct, and governance and risk frameworks, along with insurance distribution and brokerage, and investment and technical reserves. Practice head Matías Vergara advises on insurer authorisations and reorganisations, along with portfolio transfers, bancassurance alliances, product design, and high-value claims over property, surety and fidelity policies. The practice further showcases firm managing partner Pablo Iacobelli, who brings specialisms in corporate law and regulatory issues to insurance transactions; and senior associate Jorge Soto, who predominantly focuses on the insurance and reinsurance industry, alongside regulatory matters, and commercial and corporate mandates.
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Testimonials
Collated independently by Legal 500 research team.
- Multidisciplinary studio; you'll find everything at a high level with them.
- Experience in large negotiations and it always goes beyond the task assigned, observing legal, regulatory and reputational risks.
- Carey's practice is characterised by its excellent combination of technical expertise, in-depth knowledge of the Chilean legal environment, and a clear international focus, making it a preferred adviser for clients with complex structures and sophisticated international connectivity needs. The team provides a comprehensive view of matters, seamlessly integrating legal, regulatory, and commercial aspects. They demonstrate great reliability, consistent legal judgement, and a precise understanding of client priorities, even in sensitive or particularly complex situations. Carey stands out due to the depth and specialization of its professionals, as well as the consistent quality of its advice, regardless of the area of practice or the lead partner. Teamwork is fluid and well-coordinated, allowing for the efficient handling of multidisciplinary matters without unnecessary friction. Furthermore, the partners' availability for urgent situations is noteworthy. Overall, this is a highly competent, reliable, and client-oriented team that acts as a true strategic partner and consistently delivers long-term value.
Key clients
- Ambipar Servicios de Valorización
- Ocean Re
- Solunion Chile Seguros de Crédito
- Sociedad de Inversiones Linpol
- Codelco
- Mapfre Group
Work highlights
Advised Ambipar Servicios de Valorización on securing payment under an all-risks construction policy, after unusually intense rainfall caused significant structural damage to plant buildings at its waste treatment plant in Santiago.
Advised Ocean Re on its entry into the Chilean market as a foreign reinsurer, a process that required accreditation before the Financial Market Commission.
Assisted Solunion Chile Seguros de Crédito with designing, negotiating and executing a referral agreement with Mapfre Compañía de Seguros Generales de Chile.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Matías Vergara