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 the prestigious Legal 500 Award as “Insurance Lawyer of the Year.”
About Lucas Fajardo:
Mr. Fajardo has been a partner of the Insurance and Reinsurance practice team since July 2023 and is widely recognized as a leading expert in (re)insurance law. He has advised numerous national and international companies on regulatory compliance, contractual frameworks, claims management, and innovative insurance distribution models.
Throughout his career, Lucas has represented foreign reinsurers in significant claims disputes in Colombia, demonstrating his exceptional legal acumen and expertise in resolving complex matters. Additionally, he provides ongoing day-to-day legal counsel to several local insurers, ensuring they navigate the challenges of their operations and comply with evolving regulations.
Lucas’s leadership was instrumental in 2024 when he advised on the establishment of two new insurers in Colombia: Everest Seguros Colombia and Andina Vida Seguros, overseeing their successful launch in the local market. This is part of his broader expertise in complex regulatory transactions, including obtaining approvals from the Superintendence of Finance for registrations, mergers, acquisitions, and the incorporation of insurance and reinsurance operations.
As President of Insuralex, Lucas Fajardo played a pivotal role in revitalizing the network’s activities following the challenges posed by the Covid-19 pandemic. His leadership was instrumental in reactivating the organization, focusing on enhancing its visibility and value for the (re)insurance industry.
During his tenure, Lucas spearheaded group commercial visits to key industry stakeholders in various markets, fostering collaboration and strengthening Insuralex’s presence across regions. He also promoted the organization and delivery of virtual seminars, enabling knowledge sharing and engagement within the global insurance community during a critical period. Additionally, Lucas encouraged the publication of comparative articles and reports on pressing legal issues, providing valuable insights and resources for the (re)insurance industry. These initiatives not only reinforced Insuralex’s position as a leading global network but also contributed significantly to advancing legal and regulatory understanding within the industry.
About Brigard Urrutia’s Insurance and Reinsurance Team:
Brigard Urrutia’s Insurance and Reinsurance practice is recognized as a market leader in Colombia and internationally, providing top-tier legal services to insurers, reinsurers, and other stakeholders in the insurance industry. The team has built extensive expertise in advising on regulatory compliance, claims management, dispute resolution, and the design of innovative insurance commercialization models.
The firm has positioned itself as the leading regulatory advisor in complex transactions before the Superintendence of Finance, supporting registrations, mergers, acquisitions, and approvals for the incorporation and operation of insurers and reinsurers in Colombia. Brigard Urrutia is also the trusted legal partner for more than 60 foreign reinsurers and insurers, making it the go-to firm for navigating Colombia’s regulatory landscape.
The practice is at the forefront of advising on cutting-edge areas such as artificial intelligence, open insurance, governance, and board responsibilities, enabling insurers and reinsurers to adapt to evolving regulatory frameworks. Additionally, Brigard Urrutia serves as the legal partner of the Asociación Insurtech Colombia, further solidifying its leadership in promoting innovation and addressing the challenges and opportunities of the insurtech industry.
Celebrating Excellence
We are also delighted to announce that Insuralex Colombia (Brigard Urrutia) has been recognized as “Law Firm of the Year” in Colombia by Legal 500. This recognition reflects the firm’s exceptional work, unwavering dedication, and outstanding leadership in the legal profession.
Congratulations to Lucas Fajardo and the Brigard Urrutia team for these remarkable achievements!
