Insurance and reinsurance

bgbg understands the current necessities of corporations and analyses each case in order to deliver the most appropriate counseling for corporation incorporation in the insurance sector, according to each case. BGBG has extensive experience in the incorporation of corporations in the insurance sector, within the modalities of Mexican law. In addition, for the full operation of the corporations, support is provided to obtain the necessary licenses and permits for the business they perform before the relevant authorities. Likewise, several of our lawyers serve as members or secretaries of boards of directors of corporations in order to monitor the operations of such entities.

The Insurance and Reinsurance area of BGBG provides regulatory compliance services to several financial entities in the insurance sector, including, without limitation, (i) granting of licenses; (ii) solvency and financial regulations; (iii) investments; (iv) corporate governance; and (v) advice for the Implementation of the Law on Protection of Personal Data Held by Individuals.

bgbg represents several Mexican and foreign corporations, investors, and banking investors, in investment operations (joint ventures) and mergers and acquisitions in Mexico. The members of the Insurance and Reinsurance area of BGBG have regularly participated, among others, on the following issues: (i) legal audits regarding mergers and acquisitions; (ii) elaboration and negotiation of shareholders, investors, and stock agreements; (iii) counseling for the obtention of necessary government authorizations; and (iv) financing negotiation and documentation.

bgbg has been recognized internationally by several publications as a leading law firm in Mexico in Anti-Money Laundering matters, given that such area provides compliance services, including services in the following areas (i) anti-corruption; (ii) AML audits; (iii) general compliance and operational requirements. Several members of BGBG have been certified by the National Banking and Securities Commission as specialists in Anti-Money Laundering for financial institutions.

bgbg is a leading law firm in Mexico providing legal services in administrative proceedings and alternative dispute resolution within the insurance industry. BGBG provides legal services including, without limitation: (i) claims and coverage advice; and (ii) dispute resolution through arbitration, mediation, and litigation.

For insurers, reinsurers, and intermediaries to carry out their transactions and operations, BGBG has extensive experience in preparing, reviewing, and negotiating insurance and reinsurance agreements, including legal advice for structuring new products, provided that members of BGBG have been appointed by the National Insurance and Surety Commission as legal reviewers for insurance agreements. The insurance and reinsurance area of BGBG has the support of the other specialized areas of the firm to have comprehensive support in each of the negotiations that the entities have.