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Insurance

“The lawyers are superb at finding solutions, and they have incredible commercial understanding.”

Areas of expertise

Our lawyers have broad experience in advising on both contentious and non-contentious insurance matters, having been involved on matters for both local and international insurers, insurance brokers etc.

Our expertise includes:

  • assisting on regulatory matters related to restrictions and limitations applicable to carrying out insurance activity in Romania
  • revising and localizing complex insurance agreements (including with respect to directors & officers liability, specific financial services liability insurance, product liability, health and accident insurance etc)
  • advising insurers and brokers on their strategy to enter the Romanian market and also to develop novel products/services for the Romanian market
  • advising on online marketing and promotion of insurance agreements
  • advising insurers in cross-border M&A deals
  • advising insurers in both local and cross-border litigations
  • representing the client in front of the regulator

Examples of our work

We have an extensive practice in assisting clients in the insurance sector, ensuring compliance of their business with the legal framework applicable. Our client base ranges from Romanian and foreign insurance companies to financial institutions operating in Romania or abroad. Our experience includes:

  • assisting a leading Dutch financial institution (with major operations in banking and insurance) in the multimillion EUR sale of its Romanian insurance division
  • assisting one of the major insurance brokers on day-to-day matters, including regulatory, corporate, commercial, employment etc
  • assisting one of the largest US based insurance groups with respect to the review and localization of their insurance portfolio
  • assisting a prominent US based financial services group in identifying the specific compliance and regulatory requirements for providing insurance intermediation services in Romania
  • assisting a Romanian insurance company throughout and after an investigation carried out by the regulator
  • advising an American insurance group with respect to asset management matters and on regulatory constraints pertaining to its pre-contractual and contractual insurance documentation
  • advising one of the leading insurance and financial services provider worldwide, in connection to a marine insurance claim of approximate value of EUR 1.5 million
  • advising the buyer in the multimillion EUR acquisition of a Romanian insurance company
For a more detailed presentation of our experience in this practice area, please contact our Managing Partner, Mihai Guia, the leader of our Insurance practice area.