Insurance and Reinsurance
Veirano Advogados performs an important role among Brazil's leading law firms in the area of insurance and reinsurance, combining a sound academic background with valuable professional experience.
Whenever necessary, the lawyers in our insurance and reinsurance practice work in cooperation with other teams at the firm, such as those for oil & gas, energy and telecoms, so as to offer clients full legal assistance, with attention to the specific aspects of each sector. The broad expertise of our professionals allows us to offer creative solutions and differentiated assistance in all business sectors.
Our lawyers are in daily contact with the insurance and reinsurance authorities and industry associations located in Rio de Janeiro. The relationship with such entities allows us to be continuously updated on industry news and events, to gather local intelligence and to follow up efficiently all matters of interest to our clients.
Our insurance and reinsurance practice encompasses the following services:
- Preparation, submittal and follow-up of registration processes for insurance and reinsurance companies, as well as for insurance and reinsurance brokers, before the Superintendence of Private Insurance (“SUSEP”);
- Drafting, review and negotiation of insurance and reinsurance contracts, with or without the participation of brokers;
- Rendering of legal opinions on corporate and regulatory issues in the insurance and reinsurance industry under Brazilian law;
- Assistance and representation in connection with acquisitions of corporate interests in insurance and reinsurance companies, as well as in insurance and reinsurance brokers;
- Assistance and representation before SUSEP and at industry entities such as the National Federation of General Insurance (“FENASEG”) and the Association of Insurance Brokers (“SINCOR”), among others;
- Assistance and representation in connection with transactions involving Brazil’s former monopolist IRB-Brasil Re (“IRB”);
- Assistance and representation in connection with litigation before judicial or administrative authorities in Brazil, as well as in domestic or international arbitral proceedings; and
- General legal advice on insurance, reinsurance and brokerage activities in Brazil and on insurance and reinsurance products.
Our team has been publishing several articles addressing the regulation of insurance and reinsurance in industry journals and reviews and in the general media in Brazil, in particular in connection with the opening of the Brazilian reinsurance market and respective laws and regulations.
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