Demarest's Insurance and Reinsurance area has a long standing tradition in the market, with 20 years of renowned expertise in this practice area. In 2015, the entire team of JBO Advocacia, one of the most prestigious boutique insurance law firms in Brazil, joined Demarest, enabling a comprehensive practice that meets all demands of the field,including organization and licensing of companies, draft of insurance wordings, loss adjustments, regulatory analysis and insurance litigation.
The new structure brings along the partnership of DAC Beachcroft - the London based specialized insurance law firm with offices in the United Kingdom, Spain, Chile, Colombia, Mexico, New Zealand and Singapore, as well as correspondent law firms in the main cities of the world. The partnership stands out for its capacity to integrate teams, carry out joint seminars and for constantly innovating working methods based on the expertise shared with the various jurisdictions. Consequently, clients are provided with an international standard, specialized legal services, whether in Brazil or in any other country, with Demarest's hands-on and customer-oriented approach.
The result of this legal services structure as well as the experience of having among its clients the largest
Brazilian and global insurance groups is the capacity to understand the clients' business and solve their
problems and to offer legally safe, effective and creative solutions and answers. All these aspects enable the Insurance and Reinsurance team to be in a prestigious position in the most important directories of the field, such as Who's Who Legal, Chambers Latin America, Chambers Global, Latin Insurance Review, Latin Lawyers 250 and Legal 500.
Partners and lawyers from other practice areas, such as Corporate, Banking and Tax, often work together with the Insurance and Reinsurance team to enable immediate and effective answers to all types of requests.
The Insurance and Reinsurance area provides services from the pre-litigation to the settlement stage, such as:
Preparation of legal opinions on insurance coverage, technical feasibility of insurance operations and interpretation of SUSEP's regulatory rules;
Loss adjustment in several lines of business, particularly complex risks;
Review of operational agreements, reinsurance contracts, internal controls and compliance;
Preparation and review of insurance wordings, as well as adaptation of foreign products to the local legislation and SUSEP's rules;
Corporate structuring for brokers, insurers and reinsurers in Brazil;
Advice on benefits (Health Insurance and Supplementary Pension Plans);
Monitoring of lawsuits for insurers and foreign reinsurers.
Litigation involving defense of insurers in lawsuits or arbitrations, as well as the filing of lawsuits for reimbursement and credit recovery;
Administrative Litigation - SUSEP.