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September 11, 2013

Lex Mundi Event Reveals Insights into Insurance Industry Trends and Cross-Border Challenges

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Lex Mundi

Insurance sector legal counsel and policy holders shared perspectives on major industry trends and discussed cross-border challenges with Lex Mundi member firm lawyers from Europe, Asia, Latin America, and North America at the Lex Mundi Insurance and Reinsurance Cross-Border Legal Summit, held September 9-10 in Munich.

Among the participants in the Summit was Aaron Le Marquer, a consultant in the Tilleke & Gibbins dispute resolution department, who convened with panelists to discuss international developments in the insurance and reinsurance industry. Sharing his extensive knowledge of these matters, Aaron, who once served as Assistant General Counsel to the regional headquarters of a major global insurer, weighed in on key market trends and the regulatory frameworks in Thailand and other Asian jurisdictions. The panel, consisting of other Lex Mundi member firm lawyers, particularly focused its attention on new market entry norms (including operating restrictions and requirements in emerging markets), consumer protection, and general observations from their experiences representing clients.

The Summit provided corporate counsel and claims professionals from multinational insurers, including Allianz, Munich Re, Swiss Re, RGA, and AIG, the opportunity to address hot topics such as evolving regulatory requirements, entry into emerging markets, and structuring of multinational policies.

More than 30 Lex Mundi member firm lawyers attended the Summit organized by the Lex Mundi Insurance and Reinsurance Practice Group, including representatives of Nishimura & Asahi (Lex Mundi member firm for Japan);  Noerr LLP (Lex Mundi member firm for Germany);  Demarest Advogados (Lex Mundi member firm for Brazil); Jenner & Block LLP (Lex Mundi member firm for Illinois); and Amarchand & Mangaldas & Suresh A. Shroff & Co. (Lex Mundi member firm for India).

“Through the Lex Mundi Insurance and Reinsurance Practice Group, we are able to help clients stay abreast of important developments in other jurisdictions and provide coordinated advice when necessary,” noted Jenner & Block’s John Mathias, who serves as the group’s Regional Vice Chair for North America.

“Insurance is an increasingly global industry and the Lex Mundi Cross-Border Legal Summit allowed us to better understand the legal challenges that our cedents may be encountering in different jurisdictions,” stated a legal counsel at a large multinational reinsurer.

Lex Mundi is the world’s leading network of independent law firms with in-depth experience in 100+ countries. Lex Mundi member firms offer clients preferred access to more than 21,000 lawyers worldwide – a global resource of unmatched breadth and depth. Each member firm is selected on the basis of its leadership in – and continued commitment to – its local market. The Lex Mundi principle is one independent firm for each jurisdiction. Firms must maintain their level of excellence to retain membership within Lex Mundi.

Through close collaboration, information-sharing, training and inter-firm initiatives, the Lex Mundi network is an assurance of connected, on-the ground expertise in every market in which a client needs to operate. Working together, Lex Mundi members are able to seamlessly handle their clients’ most challenging cross-border transactions and disputes.

Member law firms are located throughout Europe, the Middle East, Africa, Asia and the Pacific, Latin America and the Caribbean and North America. Through its nonprofit affiliate, the Lex Mundi Pro Bono Foundation, members also provide pro bono legal assistance to social entrepreneurs around the globe.

For more information, please visit www.lexmundi.com and www.lexmundiprobono.org.

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Aaron Le Marquer
Partner and Deputy Director, Dispute Resolution
Thailand
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