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DAC Beachcroft has merged with Colombian insurance firm De La Torre & Monroy Abogados Asociados and started trading as DAC Beachcroft Colombia yesterday (1 December).
Having entered into a formal association with De La Torre & Monroy earlier this year (20 March 2013), DAC Beachcroft partners agreed the merger with a vote that closed on Friday 22 November.
The Bogota office consists of the legacy firm’s two founding partners Camila de la Torre and Gabriela Monroy, and six lawyers.
DAC Beachcroft senior partner Simon Hodson said: “We will run the ambassador relationship through the Madrid office but no additional headcount is being sent there. We will cover all Colombian law and insurance matters arising in Colombia, including reinsurance which often comes back to the London market.”
Legacy DAC had a longstanding relationship with De La Torre & Monroy, as well as a successful Latin American practice with bases in Madrid and Mexico and alliances with JBO Advocacia in Brazil and Seguros Lex in Chile.
The two firms already share relationships with a number of clients locally in Colombia and in the international reinsurance market, particularly in London, New York and Spain.
The move builds on the tie-up between DAC Beachcroft and Chilean firms Seguros Lex and Amunategui y Cia at the end of last year (1 November 2012).