Abeledo Gottheil gives advise o large insurance and reinsurance companies, as well as proxy agents and insurance brokers, both in the start-up of their operations and in their strategies to enter the local market, and also in their day-to-day business.
The Firm has vast experience in the advice of clients in insurance and reinsurance, compliance with rules and regulations before the Superintendency of Insurance of the Nation (Superintendencia de Seguros de la Nación), and it also assists its clients in every kind of lawsuits related to the sector.
Our practice in Insurance & reinsurance has been recognized by Latin Lawyer 250.
Relevant experience
Among the services it renders in the insurance area the following can be mentioned:
- Advice for the application and obtention of insurance licenses before the Superintendency of Insurance of the Nation (SSN).
- Advice for the obtention of authorizations to operate in different branches of property and non-property insurance.
- Advice for the application and obtention of authorization of contractual technical elements.
- Assistance in connection with requirements for the issuance of Large Risks insurance policies; analysis of texts not previously authorized by the SSN and issuance of required legal opinions.
- Assistance and representation of insurers before the insurance enforcement agency (SSN);
- Formation of local reinsurers and registration of admitted foreign reinsures.
- Analysis of claims in all their stages, opinions on liability and estimation of judicial risk.
- Management of claims in out-of-courts, pre-trial (mediation) and judicial stages within the framework of motor vehicle and several risks policies.
- Management of litigation portfolios on contractual and extra-contractual civil liability; as from the beginning thereof and up to the termination of the process as a result of the rendering of a final judgment or by the negotiation and settlement by an out-of-court agreement.
- Referral to correspondents and follow up of pending litigation portfolios before the courts of the provinces of our country and of neighboring countries.
- Audit and negotiation of litigation portfolios referred to correspondents.
- Negotiation of cases during all the stages of the claim. Suggestion of settlement amounts based on assessments of liability and judicial risk assessment.
- Drafting of reports on the status of all the proceedings during all their stages and opinions for the Company’s external audit.
- Intervention in administrative and judicial proceedings for claims filed by consumers or associations of consumers.
- Intervention in proofs of claims filed by insurance companies to recover amounts paid or to be paid as a result of performance bond policies issued as security for the performance of customs obligations.
- Intervention in lawsuits derived from the application of emergency regulations regarding the “pesification” (conversion of U.S. Dollars into Argentine Pesos) of insurance contracts.
- Intervention in lawsuits filed by insurance companies to recover amounts paid to their insured parties as a result of the theft of motor vehicles from shop premises.
Recent experience
- Permanent advice to Starr Companies (important international insurer group) in all aspects related to the formation of its Argentine Branch to operate insurance: start-up of operations; insurance license, authorization of insurance branches, contractual plans and texts; assistance in every type of regulatory and representation issues before the Superintendency of Insurance of the Nation.
- Permanent legal advice to foreign reinsurers of Starr Group admitted to act in Argentina.
- Legal advice to Zurich Insurance Company and related companies in a successful recovery suit, for more than USD 24,000,000.
- Advice to Starr Company in the global acquisition Assist Card’s assets.
- Legal advice to C&A in class actions lawsuits and collective proceedings related to insurance and filed by consumers’ associations.
