Insurance

BLP is recognized as the market leader in insurance and reinsurance. BLP had a pivotal role in opening up the Costa Rican insurance market to private insurance companies and has continued to be involved in the development of the market in its early years. Its lawyers’ boast in-depth knowledge of the insurance industry through experience with a wide range of clients in all segments of the market (insurers, reinsurers, intermediaries). 

The firm is well known by the major players in the insurance industry in the region, being advisors and having assisted the vast majority of them in their incursion into the Costa Rican market, as well as advising major international reinsurers 

BLP was the advisor on several “firsts” in the newly privatized Costa Rican insurance market: the first combined (property & casualty + life & health) insurance license, the first multinational insurer license, the first monoline insurer license,the first cross-border insurer registration, the first cross-border insurance broker registration, among others.