DAC Beachcroft expands in Latin America with Argentina association

DAC Beachcroft has agreed a deal to expand its presence in Latin America through a new association in Argentina.

The tie-up with Buenos Aires firm López Saavedra & Villarroel Abogados gives DAC Beachcroft a presence in 11 separate jurisdictions in Latin America.

The Argentine firm, which focuses on insurance and reinsurance law, has three partners and around 50 staff.

The pair, which already share a number of common clients, are now looking into the referral process and secondments between the two firms as part of the association.

DAC Beachcroft managing partner David Pollitt said: “DAC Beachcroft already has comprehensive coverage in Latin America but Argentina is rapidly becoming an emerging insurance market of real interest to our clients.

“Joining forces with López Saavedra & Villarroel is an ideal way for us to respond to client demand to help them grow into this exciting jurisdiction.”

Mariano López Saavedra, a partner in the Argentine firm, said: “In combination, we are in the perfect position to capitalise on the growing importance of the Argentinian market to insurer clients, as the country’s economy continues the ongoing process of economic liberalisation.”

In 2016, DAC Beachcroft signed deals with Central American firm BLP and Peruvian firm Torres Carpio Portocarrero & Richter.

The firm has also launched offices in Chile, Colombia and Miami, alongside an association with full-service Brazilian firm Demarest.

In January, the firm launched Legalign Global with BLD Bach Langheid Dallmayr (Germany), Wilson Elser (US) and Wotton + Kearney (Australia), a unique model that combines four of the world’s leading insurance law firms to deliver legal services for insurers and their global clients.

Insurance rival Kennedys has also been active in the Latin American market, opening offices in Chile, Colombia, Brazil and Peru in recent years.