Our Insurance and Reinsurance Practice Group is the most specialized within any Mexican corporate finance law Firm and has been advising and representing the leading insurance and reinsurance companies in the world in Mexican and Latin American related matters.
Our Insurance and Reinsurance Practice Group covers a wide range of regulatory, organizational, operational, transactional and claimsrelated matters, both in day-to-day matters and in special projects, including
- (i) representation of Mexican insurance companies (including subsidiaries of major multinational insurers) in corporate and regulatory matters, including licensing, financial and solvency regulations, investments, corporate governance, anti-bribery and anti-money laundering measures, compliance and reporting and general operational requirements,
- (ii) representation of foreign insurers in the establishment of their Mexican operations and in the acquisition of and joint ventures with, Mexican insurance companies, including performing extensive due diligence work, obtaining necessary regulatory approvals, drafting and negotiating agreements and performing tax, real estate, labor, securities and other legal analysis required as part of an acquisition,
- (iii) advise on cross-border trade in insurance and insurance-related services,
- (iv) representation of Mexican insurers in a variety of day-to-day and high-end operational matters,
- (v) product development including, among others, direct marketing arrangements with major Mexican credit card operators and retailers, implementation of reinsurance arrangements and broker incentive plans, drafting and negotiating agreements with hospitals for medical attention under health and accident insurance, implementation of foreign currency
coverages, and, in general, development and registration of policy forms for all types of coverages,
- (vi) advise on claims and coverage issues,
- (vii) participation in national and international insurance and reinsurance arbitration and litigation as arbitrators, Mexican counsel and experts on Mexican insurance laws, and
- (viii) general regulatory, transactional and corporate work for foreign reinsurers and Mexican insurance-related entities.
Clients are full of praise for the team, with one stating: “I have an excellent impression of the firm. It has a fantastic reputation and is a great school for insurance lawyers.”
Sources go on to add: “It is a very well-consolidated and organisedfirm; it provides accurate advice and the lawyers always comply with what they promise.“
Chambers & Partners Latin America – Insurance, 2017
Our Practice leads the Mexican market in advising its clients on the functional aspects of insurance operations and is experienced in dealing with administrative authorities such as the Ministry of the Treasury and Public Credit (Secretaría de Hacienda y Crédito Público), the National Insurance and Bonding Commission (Comisión Nacional de Seguros y Fianzas – “CNSF”), the National Commission for the Defense of Users of Financial Services (Comisión Nacional para la Defensa de los Usuarios de Servicios Financieros – “CONDUSEF”), and the Ministry of Health (Secretaría de Salud).
Various members of the Insurance and Reinsurance Practice Group are (i) registered with the Registry maintained by the National Insurance and Bonding Commission of legal experts qualified to issue legal opinions and consistency opinions (análisis de congruencia) required for the registration of insurance products with said Commission, (ii) active speakers in specialized insurance forums and Universities, (iii) constantly publishing legal articles on insurance and reinsurance and financial related topics in specialized publications, and (iv) active members of the Mexican Academy of Financial Law (Academia Mexicana de Derecho Financiero – “AMDF”) and the Mexican Chapter of AIDA, the Asociación Mexicana de Derecho de Seguros y Fianzas (Mexican Association of Insurance and Bonding Law – “AMEDESEF”).
Download a Q&A on Insurance & Reinsurance law in Mexico
Partners Yves Hayaux-du-Tilly and Luciano Pérez contributed to the 2nd edition of The Legal500 Comparative Guide on Insurance & Reinsurance. This country-specific Q&A gives a pragmatic overview of the law and practice of insurance & reinsurance law in Mexico. It addresses topics such as contract regulation, licensing, penalties, policyholder protection, alternative dispute resolution as well as personal insight and opinion as to the future of the insurance market over the next five years.