Work Area: Insurance & Reinsurance

PDVSA insurance company seeks recognition of Bermuda proceedings

The provisional liquidators for an insurer owned by Venezuela’s state-owned oil company PDVSA have filed for Chapter 15 recognition of its Bermudian reorganisation in New York, seeking to gain access to British pounds in the insurer’s US bank accounts.

02 August 2018

Spain’s Mapfre buys insurance company in Brazil

Azevedo Sette Advogados has helped Spanish insurance company Mapfre buy out its Brazilian joint venture business partner BB Seguridade from local insurance provider BB Mapfre for 2.4 billion reais (US$636 million).

11 July 2018

UK firm hires former Tauil & Chequer partner

UK law firm HFW has announced it is boosting its presence in Latin America through a cooperation agreement with newly established Brazilian firm Costa & Lasalvia Advogados (CAL), founded by two former partners at Tauil & Chequer Advogados in association with Mayer Brown.

25 June 2018

Sfera commits to regionalisation with El Salvador and Nicaragua openings

Costa Rica-based Sfera Legal has absorbed Ayala & Betancourt in San Salvador and hired a former Consortium Legal associate in Managua to open offices in both countries today.

15 May 2018

London calling

Eight years since Mexico’s Nader, Hayaux & Goebel opened its office in London, partner Yves Hayaux-du-Tilly Laborde reflects on how far bilateral relations between the UK and Mexico have come and whether Brexit and the election of Donald Trump in the US will make that relationship stronger

23 April 2018

Azevedo Sette hires Mattos Filho lawyer as partner

Azevedo Sette Advogados has hired a former associate from Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados as a partner to boost its insurance practice.

18 April 2018

Chinese investment company snaps up LatAm financial assets

Mayer Brown LLP’s New York and Chicago offices; Duran y Osorio in Bogotá; Guyer & Regules in Montevideo; and Nader, Hayaux & Goebel in Mexico City have helped China Minsheng Investment Group (CMIG) acquire insurance companies and investment funds in Colombia, Mexico and Uruguay from South African counterpart Old Mutual.

10 April 2018

Bofill Mir and Larraín Rencoret steer life insurance buy

Bofill Mir & Alvarez Jana Abogados has helped financial services company Bicecorp acquire Sura’s Chilean life insurance business for US$232 million.

10 April 2018

Seguros Bolivar enters JV with UK healthcare provider Bupa

Kennedys and Posse Herrera Ruiz in Bogotá have helped Colombia’s largest insurance company Seguros Bolivar enter a joint venture with Bupa to provide international healthcare coverage.

16 March 2018

Zurich purchases LatAm assets from QBE

Willkie Farr & Gallagher LLP in New York; Demarest Advogados in São Paulo; Garrigues (Colombia); Mijares, Angoitia, Cortés y Fuentes SC in Mexico City and Marval, O'Farrell & Mairal in Buenos Aires have helped Zurich Insurance acquire QBE Insurance Group’s Latin American business.

15 March 2018

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