Colombian Council of State upholds enforcement of regulatory surety bonds (Insurance)

In its ruling of December 5, 2024 (Case No. 25000-23-24-000-2010-00132-01), the Colombian Council of State (hereinafter, the “CS”) upheld the authority of the Superintendence of Industry and Commerce (hereinafter, the
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Colombian supreme court reaffirms insurer´s obligation in survivor´s pensions

This piece explores a recent ruling by the Colombian Supreme Court confirms that when a pension fund takes out insurance to cover shortfalls in survivor’s pensions, the insurer must automatically
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Insuralex´s former president Lucas Fajardo awarded as “Insurance Lawyer of the year”

We at Insuralex are thrilled to share that Lucas Fajardo, partner at Brigard Urrutia (Insuralex Exclusive Member in Colombia) and leader of its Insurance and Reinsurance team, has been awarded
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Statute of limitations for claims under SOAT

Overview: In its ruling SC3075-2024, dated December 19, 2024, the Supreme Court of Justice (“SCJ”) addressed a dispute between a medical clinic and an insurer concerning the denial of indemnity
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Insurance exclusions must be clearly highlighted

On December 13, 2024, the Civil, Agrarian, and Rural Chamber of Colombia’s Supreme Court of Justice (“CSJ”, by its acronym in Spanish) issued ruling AC6958-2024, rejecting a cassation appeal filed
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Termination of Insurance: Unilateral Revocation and Non-Payment

The Colombian Supreme Court of Justice (the “Court”) addressed a dispute between (i) a policyholder under an all-risk insurance policy and (ii) the insurer. The issue arose from the interpretation
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Loss of profits coverage due to machinery breakdown and the “stock acumulation” clause

Summary of Arbitral Award 142820 (September 9, 2024) An arbitration tribunal of the Bogota’s Chamber of Commerce resolved a dispute between an insured company (policyholder) and an insurer under a all-risk
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The insurable interest in transport insurance

Among the most recent updates in insurance and reinsurance law in Colombia, particular attention has been given to a recent ruling by the Civil Chamber of the Supreme Court of
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Insuralex´s Latin American members awarded by Chambers

Insuralex is glad to announce that an important number of its Latin American members have been awarded by Chambers Latin America. The Chambers Latin America Awards 2024 are the awards
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Webinar FIDES & Insuralex: 2024 Insurance regulatory update in Latin America

FIDES (Federación Interamericana de Empresas de Seguros) in collaboration with Insuralex are glad to present the New Edition of the Report on Insurance Regulatory Matters. Program: (Miami 9:30h, Madrid 15:30h,
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