We provide specialized advice on insurance and reinsurance to leading local and international insurers and reinsurers, as well as to insurance and reinsurance intermediaries.
With a long and successful history of advising foreign investors on establishing new insurance companies in Peru and new business models in the insurance industry, we are the most experienced firm in setting-up new insurance companies in the Peruvian market. We also regularly advise foreign investors and local companies on obtaining licenses, permits, and authorizations in different insurance areas, including reinsurance activities.
We have wide experience in advising the insurance industry on mergers and acquisitions, and investment operations, besides assisting them on their operational and regulatory needs. Our team also advises on the assessment and mitigation of risks and exposures arising from merger and acquisition operations and other corporate transactions.
Our advice on insurance and reinsurance matters extends to several financial transactions, as we advise lenders, investors, sponsors and borrowers of several sectors, including energy, mining, and infrastructure.
Moreover, our team has successfully collaborated in structuring private debt issuance operations exclusively designed for insurance companies, advising on the compliance with all the requirements established by insurance regulations so that they are considered eligible investments.Finally, our team has experience in insurance and reinsurance litigation, including matters of civil liability, coverage under D&O and E&O policies, professional liability, life, health and disability insurance, builders risk, and cyber-risk, among others, as well as matters related to surety and surety bonds.
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Band 3: Chambers and Partners Latin America — 2018
"Important firm in the Peruvian market with participation in the insurance sector".
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Band 3: The Legal 500 — 2023
The team at Estudio Echecopar member firm of Baker McKenzie International stands out for its ‘professionalism and constant interaction with the client’, from both an insurer and insured-side perspective. Practice head Rafael Picasso has great ‘technical strength' when advising on the establishment of new business models, as well as on administrative matters such as the obtaining of licences, permits and authorisations for insurance or reinsurance activities. The practice has found itself particularly active, of late, in the energy, mining and infrastructure sector, as well as ongoing and regular assistance to Zurich Insurance Company and various subsidiaries of Willis Towers Watson regarding their foreign operations in Peru.
‘The Echecopar team stands out for its professionalism and constant interaction with the client. It is a group of very well-prepared lawyers, with a broad command of current legislation and jurisprudence, but what stands out the most is respectful, dialogic and direct attention to people. I am pleasantly impressed by the way they conduct cases, even though they are very complex processes.’
‘What has caught my attention the most is the firm’s people skills, ability to clear up doubts, answer questions, listen with respect to different points of view, as well as having the ability to find new ways to deal with different situations. I have worked directly with attorneys Rafael Picasso and Mikela Echeandía, and I have a high opinion of all three.’
‘It is a small team with solid knowledge of insurance practice. They seek to innovate in work mechanics, including technology issues and making it possible for customers to have information at hand. They seek to better reflect insurance regulation to other matters (such as financial transactions)’
Band 3: The Legal 500 — 2019
"The banking and finance practice is leader in a market with recognized capabilities in the insurance industry."