Insuralex works for a wide range of clients including insurance and reinsurance companies, Lloyd’s syndicates, insurance and reinsurance brokers as well as captives and self insured companies.
Each member of Insuralex is considered to be a leading practice in this specialist field within its national jurisdiction.
The group has represented major companies in some of the most significant disputes including:
FIDES: report on insurance regulatory matters in the countries where FIDES has member insurer associations.
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Advised a Miami-based reinsurance brokerage firm on corporate and regulatory licensing requirements throughout Latin America.
Advised on US$40 million property claim in Argentina on behalf of the London reinsurance market.-
Advised on US$45 million surety bond claim in Argentina on
behalf of the Swiss and German market.
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Advised on product liability global class action in Argentina on
behalf of the French insurance market.
Represented Tokio Marine Seguradora S.A. (“Tokio Marine Brasil”) in
the class action filed by Public Prosecutor Office seeking
indemnification to the families of the victims of the aircraft crash on
November 29, 2016, with the Brazilian soccer team of Chapecoense,
against Tokio Marine Brasil, Tokio Marine Kiln Group Limited, Tokio
Marine Kiln Syndicates Limited, AON Benfield Brasil Corretora de
Resseguros Ltda., Aon UK Limited, Aon Benfield Limited, Lamia
Corporation S.R.L. and Bisa Seguros Y Reaseguros S.A. Insuralex
Brazil (Pinheiro Neto) succeeded in having its appeal granted by the
Federal Appellate Court to dismiss the case due to the lack of Public
Prosecutor’s standing for such a claim.
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Assisted Sompo Seguros S.A. in setting a strategic solution to the
dispute involving travel insurance assistance operated by Travel Ace
Assistance. Our approach was for a swift and controlled solution by
means of mediation, which brought a very adequate settlement in a
short term and with low costs.
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Represented AON Holdings Corretores de Seguros Ltda. in a class
action filed by the Public Prosecutor’s Office seeking sanctions and
indemnification against individuals and brokers for alleged improper
structuring of insurance for the public entity Infraero (responsible for
the development, administration, operation, and industrial and
commercial management of airports and related infrastructure).
After several years of litigation, with multiple interlocutory appeals,
Insuralex Brazil (Pinheiro Neto) succeeded in obtaining the closing of
the discovery phase and an award dismissing the Public Prosecutor’s
claim.
Advised a regional insurance group in their acquisition of the life and
health insurance portfolio of a Puerto Rican insurer operating in
Costa Rica.”-
Advising a Lloyd's syndicate in connection with the settlement of
passenger claims arising out of an air crash of a Costa Rican airline.
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Advised a regional insurance broker in their acquisition by a global
insurance brokerage firm in Central America.
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Advising a large, U.S.-based international P&C insurance group
on regulatory and contracts issues related to structuring
mass-market distribution of insurance products in Costa Rica
and throughout Central America.
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Advising a Lloyd's syndicate in connection with the settlement of
passenger claims arising out of an air crash of a Costa Rican airline.
Advice on several files related to the 2010 earthquake in Chile.
This was the largest insurance event in the history of Chile with
a total of 240,000 claims and US$7 billion in losses paid. Insur-
alex’s exclusive member in Chile was involved in several of the largest files providing coverage advise and other related assignments.-
Advised on the Oil Spill at San Vicente Harbour, Chile. A crude
oil spill affecting Petrox Refinery, with a total of 5,600 claimants, largest number in any environmental case in Chilean history. Ongoing litigation pending review by the Chilean Supreme Court, acting for defendants.
Advice to Zurich Insurance Company Ltd. in Colombia concern-
ing the incorporation and launch of operations of a local insur-
ance company, Zurich Colombia Seguros S.A.-
Advice to QBE European Operations in relation to the legal
claims arising from a major oil spillage of Petroecuador (oil
company of Ecuador) occurred on the Pacific coast of Colombia.
Advised BMI in the attempt to collect medical expenses insurance
for more than $5Million.
Representing an insurer in a dispute between insurance agent and
insurer, in which the Insurance Agent sued the insurer for millions of
pesos in damages and losses, for an alleged unlawful act, consisted
in a rescission of agent contract insurance. This matter is one of the
most important cases due to the total amount in damages involved.
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Advising Grupo de Inversiones Suramericana, S.A. (Grupo SURA) in
the acquisition of ING Pensiones, S.A. de C.V., ING Afore, S.A. de C.V.,
and ING Investment Management (Mexico), S.A. de C.V., Sociedad
Operadora de Sociedades de Inversión.
Legal advice and support to local insurer and a foreign reinsurer regarding claims made by the Panama Canal Authority over
the performance and advance payment bonds totaling US$600 million for the Panama Canal expansion project.-
Advised on and obtained the regulatory approval for the acquisition of the operations of Assicurazioni Generali S.p.A. by a
local insurer in the Republic of Panama.
Legal support on policy coverage issues regarding a fuel thermal power plant in Peru. The owner claimed an indemnification for damages for US$57 million and US$26 million loss of profit (ALOP).
Advising leading companies on their establishment in Uruguay and obtaining operating licenses, as well as in M&A processes.-
Insuralex’s exclusive member in Uruguay advised AIG on the sale of its Uruguayan subsidiary to the Canadian property and
casualty insurer Fairfax Financial Holdings Limited.
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Insuralex’s exclusive member in Uruguay assisted Uruguayan insurance company HDI, part of the German group TALANX, in
the acquisition of the whole portfolio of a Uruguayan transport insurer.
Advice to Cursud N.V (an affiliate of Zurich Insurance Group) in
the sale of its majority shareholding in Zurich Seguros, S.A.
(Venezuela).-
Advice to Fairfax Financial Holdings Limited in its attempt for
the indirect acquisition of C.A. de Seguros American Interna-
tional (Subsidiary of AIG in Venezuela).
The Mont Blanc tunnel fire
The Linate airport disaster-
The Toulouse explosion
The AGF/Wasa/Lexington UK Supreme Court case-
Italian 2003 Blackout
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Chubb & AIG vs. Parmalat & others case
The Maconda Well incident (involving the platform Deepwater Horizon)-
Litigation arising from the 9/11 attacks
Disputes occurring during the Athens Olympic Games
The Chinese Slimming Herbs litigation in Belgium, Holland and Luxembourg-
The Turkish Airlines crash at Schiphol airport -
The Buncefield explosion in the UK
Fuel Tanks Fire at Ultra-Cosan-Raízen in Santos (Brazil) - 10 days of fire-
International product liability class action claims related to defective medical devices in a large number of patients -
D&O and surety bond claims related to corruption scandals in Argentina and Brazil
- Other plant disasters and catastrophes
- Life/A&H and sports experience
The group’s policy embodies a shared philosophy.
We believe in the importance of:
