Basic facts about the department
- Heads of department: Luis Alfonso Fernández Manzano and Joaquín Ruiz Echauri
- 2 partners
- 14 other qualified lawyers
What the team is known for Stellar practice with an outstanding reputation in the insurance market, frequently representing both insurers and reinsurers. Noted for its expertise in contentious claims, the team is particularly popular for top-end coverage disputes and commercial litigation. Market-leading team for major M&A deals within the sector or with significant regulatory mandates. Offers noteworthy strengths in multi-jurisdictional instructions. Boasts several international companies as new clients, including MetLife.
Strengths Clients commend the team's service, with endorsements such as: "I was highly impressed with the firm's pragmatism, timeliness, responsiveness and expertise in the sector."
Companies with activity in the insurance sector observe: "The team is totally specialised in insurance, oriented to insurance clients and attends to all our needs, from regulatory law to commercial matters and litigation."
Other market commentators praise the firm's commercial approach, noting: "What I really value is their knowledge of the sector: they don't just tell you what the law is but give you a practical answer."
Work highlights Advised AXA on setting up a pan-European alliance with BlaBlaCar, particularly advising on the insurance law aspects of breakdown cover and refunding additional excess.
Represented new client Liberty Insurance in the sale of its Polish P&C insurance arm to AXA, for PLM92.3 million, which involved co-ordination with the firm's Warsaw office.
Assisted ACE/Chubb with a claim raised by Grupo Renta Vitalicia, alleging that Television Española, insured by ACE, caused reputational damages through its depiction of the claimant.
Significant clients Aserta, HDI, Telefónica, MAPFRE.
Luis Alfonso Fernández Manzano has a strong reputation for contentious mandates, with recent instructions spanning a variety of issues, including reputational damages claims and fraud. He is highly esteemed for D&O claims, and advised Markel as carrier on claims against the directors of Mercasevilla. He acts for both insurers and reinsurers. Sources say: "He is a master, he's brilliant and he's a lovely guy to work with. The kind of lawyer I would love to have on my side."
Joaquín Ruiz Echauri is a leader in the insurance elements of corporate and regulatory matters. He has a strong product liability and financial lines practice. "He can relate to all kinds of people, he always gives his opinion and he's observant," explains one interviewee. Another adds that "the service you get from him is exceptional." He advised CNP Assurances on the EUR600 million acquisition of the Italian insurance business from Barclays Vida y Pensiones.
Virginia Martinez continues to impress clients with her experience and efficiency. One commentator enthuses: "She knew how to take the customer's side and helped us to get a legal opinion with a highly commercial vision." She advises clients on both life and non-life policy wording and insurance regulations.