Our Insurance Department provides legal advice to a number of insurance and reinsurance companies in Paraguay and abroad, related to local registration and authorization to operate, governance, corporate, compliance, insurance coverage and potential defenses. We also provide legal advice and representation to local and foreign Insurance and Reinsurance brokers. PSTBN has developed its Insurance Department advising on Insurance legislation, representation before court proceedings, contracts and negotiations.
Our team of highly specialized lawyers advise clients on insurance industry transactions and regulatory developments. Attorneys in the area are active in (i) insurance industry mergers and acquisitions, reinsurance, insurance financings, derivatives involving insurance risks, life settlements, and insurance industry private equity investments and (ii) global, controversial and novel insurance regulatory issues. PSTBN, advices in: the development and adjustment of insurance products; discussions of regulatory matters with the authorities; participation in assessments relating to average adjustment and brokerage-related matters; conduction of amicable negotiations and judicial or arbitral disputes. The insurance area is assisted by lawyers from other areas of the firm such as construction/infrastructure, finance, environmental, consumer relations, taxes, aviation, agribusiness, real estate and others.