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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
Tagged under: Article 335 of the Political Constitution of Colombia, REACOEX Colombia, rules for foreign reinsurers’ underwriting agencies Colombia

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
Tagged under: Article 1058 of the Colombian Commercial Code, bad faith on the part of the policyholder, Brigard Urrutia Colombia, Burden of proof and transparency, Insurance Law Network, Insurance Lawyers Colombia, Insurers’ duty of due diligence to verify the nature of the risk

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
Tagged under: Indemnity under performance bond insurance Colombia, Insuralex Colombia, Insurance Attorneys Colombia, Insurance Law Network, Insurance Lawyers Colombia, loss of opportunity Colombia

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
Tagged under: Article 1058 of the Commercial Code Colombia, Colombia Law 2475, Colombian law inclusion and non-discrimination of cancer survivors, Exception to the duty to disclose the risk condition, Insurance Lawyers Colombia

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
Tagged under: Brigard Urrutia, Financial Superintendency of Colombia (“SFC”), insurance attorneys, Insurance Lawyers Colombia, Lucas Fajardo, Luis Alejandro Peña, Parametric insurance Colombia, regulation of microinsurance in Colombia

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
Tagged under: Brigard Urrutia parametric insurance lawyers Colombia, Colombian Superintendency of Finance “SFC”, Insurance Lawyers Colombia, Parametric insurance Colombia, Regulation applicable to parametric insurance in Colombia, SFC parametric Insurance

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
Tagged under: Insuralex Latin America, Insurance Lawyers Latin America, regulatory reinsurance playbook Latin America

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
Tagged under: Insuralex Latin America, Insurance Lawyers Latin America, Insurance meeting London 2025, Networking insurance events London 2025

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
Tagged under: Insurance Law Network, Insurance Lawyers Colombia, Limitations on Surety Bond Coverage for Structural Stability Defects in Colombia
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Insuralex is not a law firm, does not practice law and does not provide legal advice or legal opinions. Insuralex members are not a partnership of law firms or lawyers and are not affiliated or in a relationship for the joint practice of law. Insuralex member firms are strictly independent firms.

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