Insurance and Reinsurance
OVERVIEW
BLF represents Ten of the Forty Licensed Insurance Companies in Lebanon, presenting 25% of the Insurance Industry related to Regulatory or Litigation Matters, and covers about 80% of the Insurance Recovery (Subrogation) in this Insurance Market.
Our Team regularly counsels domestic and foreign Clients and their operating subsidiaries, affiliates, and holding companies on domestic activities and relationships. We have advised most of the Insurance Companies in Lebanon, some of the ACAL’s Board members (Association des Compagnies d ’Assurances au Liban) on specific complex matters, especially for the COVID-19 pandemic issues, the LPA’s Board of Directors (Lebanese Petroleum Administration) on the Insurance Laws and Regulations and their implementation vis-à-vis the Petroleum Law (OPRL), the PAR, and the EPAs (Lecture attached), and advised TotalEnergies-Liban on the Lebanese Offshore Insurance Laws and Regulations, the operation of Foreign Captive Insurance Companies, and the implementation of Foreign Insurance Policies.
We cover contentious and non-contentious issues so our clients don’t have to engage multiple advisors.
OUR TEAM
Our lawyers have substantial knowledge and experience in all fields of Insurance, Advisory, Regulatory, and Litigation.
Our Insurance Team thoroughly understands the fundamental concepts and interrelationships of the complex laws and regulations of the Insurance sector, as well as the nuances necessary to navigate them safely and favorably. With a wealth of experience decades, a solid technical understanding, and a firm grasp of the Insurance Sector's issues, our insurance attorneys formulate practical solutions to address our clients' needs.
BLF is a market leader in the contentious and non-contentious areas of the insurance and reinsurance sector and has been ranked by (AM Best), based on recommendations of the Lebanese Insurance Companies, as Best Recommended Insurance Attorneys for the last four consecutive years. (“AM Best” is the world’s leading credit rating agency based in New York - US.)
OUR PRACTICE
BLF Insurance Practice is diverse both in terms of the clients we serve and the range of legal services provided. We regularly represent Insurance Companies, international agencies, and personal claims. Our Practice includes:
- Regulatory
- Products and Services (Reinsurance, General {WCA, Medical, Motor}, Life, Fire, Marine, and Credit)
- Policy Drafting and Review
- Compliance, including USA and EU Compliance Acts and Directives
- Cyber Insurance
- Mergers and Acquisitions
- Troubled or Failed Insurance Companies
- Litigation
- Insurance Recovery (Inter-Companies and Third Parties)