The insurance practice at Brigard Urrutia stands out for the ‘agility, depth of response and commitment of its lawyers’, according to satisfied clients. A popular choice for complex or high-stakes mandates — particularly on the non-contentious front — the team is noted for its impressive record in highly regulated transactional matters before the Superintendence of Finance, including M&As and incorporations. The team also excels in advising insurers on product development issues and other regulatory work. Alongside its activity on behalf of insurer clients, the group keeps busy advising insured entities on a mix of regulatory compliance and claims litigation. Irma Rivera Ramírez heads the insurance and reinsurance department, as well as the litigation, arbitration and insolvency department, which ensures that her practice spans a diverse range of regulatory, contractual and claims matters. The group additionally benefits from the specialist experience of next-generation partner Lucas Fajardo, who is ’an expert in the sector’ and advises on insurance-related corporate, commercial and regulatory issues, as well as claims handling. Fajardo recently advised Everest Re Group on the incorporation process to establish a local insurer. Key supporting associates include senior Juan David Marín, who joined in February 2024 from the Ministry of Finance. Former senior Iván Montenegro left to join Asensi Abogados in November 2023.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The BU team is characterised by its experience in carrying  out transactions similar to the ones we are executing and by knowing the key stakeholders involved. Lawyers stand out for their disposition, their ability to solve problems and their orientation to excellence in the work they do.’

  • ‘A solid team with excellent predisposition and analytical capacity. We work a lot with Lucas Fajardo, an expert in the sector, whose reputation is unrivaled in Colombia.’

  • ‘I highlight the agility, depth of response and commitment of its lawyers. It is also important to highlight that they are very up to date, with immediate jurisprudential and administrative information, which is very useful.’

  • ‘We highlight the team for its speed in response and great depth. Lawyers stand out for their commitment and dedication to the matters entrusted to them.’

  • ‘Lawyers demonstrate a high ethical level, experience and ability to collaborate with different areas of the firm.’

  • ‘Lucas Fajardo is an upright, responsible and accomplished person, which generates trust.’

  • ‘The BU team is excellent due to its experience and knowledge of the insurance and reinsurance sector.’

  • ‘We work mainly with Lucas Fajardo, who provides us with a high-quality and efficient service.’

Key clients

  • Agencia de Seguros Falabella
  • Everest Re Group
  • Coface Colombia Seguros de Crédito
  • BUPA Worlwide Corporation
  • QBE Europe
  • Munich Re
  • Chubb Seguros
  • Starr Indemnity and Liability Company
  • American Bankers Insurance Group
  • Liberty Mutual Insurance Company

Work highlights

  • Advised Everest Re Group on the incorporation process to establish a local insurer.
  • Advised Liberty Mutual Insurance Company on the sale of its operations in Colombia to the German group, Talanx.
  • Advised American Bankers Insurance Group on several agreements entered with companies for the marketing of cell-phone insurance, extended warranties and linked services.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Irma Rivera, Lucas Fajardo