What does the SFC say about coverholders registered in REACOEX?
Monday, 04 August 2025
by Insuralex
Colombian regulator clarifies rules for foreign reinsurers’ underwriting agencies (coverholders) In a legal opinion issued in May 2025, the Colombian Superintendence of Finance (the “SFC”, for its acronym in Spanish)
- Published in Brigard Urrutia, News + Articles
Insurers’ duty of due diligence to verify the nature of the risk
Wednesday, 30 July 2025
by Insuralex
Insurers’ duty of due diligence to verify the nature of the risk In a recent ruling issued in 2025, the Colombian Constitutional Court (hereinafter, the “Court”) ruled on key aspects
- Published in Brigard Urrutia, News + Articles
Indemnity under performance bond insurance for loss of opportunity
Tuesday, 29 July 2025
by Insuralex
In a recent 2025 ruling, the Council of State (the “CS”) clarified that, for an insured party covered under a performance bond to claim compensation for loss of opportunity, it
- Published in Brigard Urrutia, News + Articles
Bancassurance: Bank sanctioned for breach of duty of due diligence
Thursday, 24 July 2025
by Insuralex
In a recent 2025 sanction, the Colombian Financial Superintendence (the “SFC”, for its acronym in Spanish) imposed a penalty on a bank for deficiencies in the management and safekeeping of
- Published in Brigard Urrutia, News + Articles
Tagged under:
Articles 3 and 5 of Law 1328 of 2009 (the Colombian financial consumer protection law), Bancassurance Colombia, Bank sanctioned for breach of duty of due diligence, Colombian Financial Superintendence, Contractual obligation of safekeeping, Insuralex Colombia, Insurance Law Network, Insurance Lawyers Colombia
Colombia enacted Law 2475 to guarantee the inclusion and non-discrimination of cancer survivors
Monday, 21 July 2025
by Insuralex
On July 9, 2025, Colombia enacted Law 2475, which (i) seeks to guarantee the inclusion and non-discrimination of cancer survivors within the framework of insurance contracting, and (ii) modifies Article
- Published in Brigard Urrutia, News + Articles
What does the SFC say about microinsurance in Colombia?
Friday, 20 June 2025
by Insuralex
By means of a recent legal opinion, the Financial Superintendency of Colombia (“SFC”) made important considerations regarding the regulation of microinsurance in Colombia: General regulatory framework Microinsurance does not have
- Published in Brigard Urrutia, News + Articles
What does the SFC say about parametric insurance in Colombia?
Wednesday, 18 June 2025
by Insuralex
By way of a recent legal opinion, the Colombian Superintendency of Finance (“SFC”) issued its views on the regulation applicable to parametric insurance in Colombia. Below is a summary of
- Published in Brigard Urrutia, News + Articles
2025 Latin America Reinsurance Playbook: Key Regulatory Benchmarks for Market Access
Monday, 02 June 2025
by Insuralex
Expanding your reinsurance operations into Latin America is a highly attractive opportunity. To support your market entry, this report provides a detailed comparison of the registration, licensing, and reporting requirements
- Published in Allende & Brea, BLP Costa Rica, BLP El Salvador, BLP Guatemala, BLP Honduras, BLP Nicaragua, Brigard Urrutia, D’Empaire, Estudio Carvallo Abogados, Ferrere Abogados, Jáuregui y Del Valle, Moreno Baldivieso, News + Articles, Osterling Abogados, Pereyra & Asociados, Pérez Bustamante & Ponce, Peroni Sosa Tellechea Burt & Narvaja, Pinheiro Neto Advogados, Reports, Saldaña Carvajal & Vélez-Rivé PSC, Sucre Arias Reyes
Insuralex Latin America meet the London Market 2025
Tuesday, 29 April 2025
by Insuralex
Insuralex Latin America meet the London Market 2025 An important delegation of Insuralex Latin America members will visit London on June 2nd and 3rd, 2025. The objective is to present
- Published in Allende & Brea, BLP Costa Rica, BLP El Salvador, BLP Guatemala, BLP Honduras, BLP Nicaragua, Brigard Urrutia, D’Empaire, Estudio Carvallo Abogados, Ferrere Abogados, Jáuregui y Del Valle, News + Articles, Osterling Abogados, Pereyra & Asociados, Pérez Bustamante & Ponce, Peroni Sosa Tellechea Burt & Narvaja, Pinheiro Neto Advogados, Saldaña Carvajal & Vélez-Rivé PSC, Sucre Arias Reyes
Limitations on Surety Bond Coverage for Structural Stability Defects
Tuesday, 15 April 2025
by Insuralex
By means of a recent arbitral award published in 2025, an arbitral tribunal in Colombia (hereinafter, the “Tribunal”) settled a dispute between (i) a contracting company, insured and beneficiary under
- Published in Brigard Urrutia, News + Articles