International and domestic financial institutions, insurance and reinsurance companies turn to Ashurst LLP for advice on insurance distribution, bancassurance agreements, regulatory issues and litigation. The group, which is a particularly strong performer in M&A transactions in this space, is under the leadership of María José Menéndez, a practitioner with a keen focus on corporate transactions involving the insurance sector. Following the departure of counsel Francisco De León in November 2022, the firm was reinforced by the addition of two regulatory experts: Pilar Lluesma, a reference for regulatory compliance in the context of M&A in the insurance space, joined from Uría Menéndez that same month, while Alfonso González-Espejo, who brings a wealth of experience in corporate matters and administrative proceedings, arrived from KPMG Abogados, Spain in April 2023.
Key clients
- Nationale Nederlanden
- Deutsche Bank
- AEGON
- PIB Group
- JP Morgan
- Certa Insurance
- Generali Investment Partners SGR S.p.A
- BMS Group
- CaixaBank S.A.
- Reale Mutua
- Mediterráneo Vida
- Elliott Advisors
- Aviva
- VidaCaixa, S.A.U. de Seguros y Reaseguros
- Elliott Advisors UK Limited
- doValue S.p.a.
- Canada Life Assurance Company
- Santalucía
Work highlights
- Advised Mediterráneo Vida on the acquisition of CNP Partners, a Spanish insurance company with operations in Italy, France and Portugal.
- Advising BMS Group on the acquisition by Eurazeo of up to 34% in BMS Group.
- Advising PIB Group Spain (UK) Limited on the acquisition of 100% of the share capital of Tractio Risk Correduría de Seguros, S.L. and Tractio Risk Solutions, S.L. and reinvestment by the sellers of part of the purchase price into a holding company within PIB's group.
Lawyers
Practice head
The lawyer(s) leading their teams.
Maria José Menéndez