Kennedys has entered into an association with Bogota-based insurance litigation and arbitration boutique Botero Salazar Tobón & Abogados (BST).
The move into Colombia gives Kennedys its fourth association in South America, already having forged agreements with Fabio Torres & Associados Advocacia Empresarial in Sao Paulo and Rio de Janeiro, Acuña & Cia in Santiago and with Bufete Solís Marín in Mexico (6 June 2011).
Kennedys’ senior partner Nick Thomas said the move was part of the firm’s ongoing strategy to expand internationally, adding that: “Latin America is an area of increasing importance to insurers and reinsurers. We will continue to look for growth predicated on client need and strong market opportunities.”
The firm opened its first Latin American office in Miami in 2010 (23 September 2010), after which the existing relationship between Kennedys and BST partners developed.
Kennedys’ Miami partner Alex Guillamont said the association meant local and international aspects of large claims could now be covered through a single instruction.
BST insurance practice head Bernardo Salazar said: “Not only will this association help raise our profile internationally, it will pave the way for international insurers and reinsurers operating in Colombia to have far greater international representation.”
Latin America has been the go-to location for a number of insurance firms since insurers and reinsurers boosted their presence over the past few years.
DAC Beachcroft moved into Colombia with formal associations with De La Torre & Monroy and Malaysia’s Gan Partnership earlier this year (20 March 2013), having been the first European-based firm in Chile when it signed a three-way merger with local firms in late 2012 (1 November 2012).