Insurance is an increasingly global industry and the Lex Mundi Cross-Border Legal Summit allowed us to better understand the legal challenges that our cedents may be encountering in different jurisdictions.
Houston, TX (PRWEB) September 11, 2013
Insurance sector legal counsel and policy holders shared perspectives on major industry trends and discussed cross-border challenges with Lex Mundi member firm lawyers from Europe, Asia, Latin America and North America at the Lex Mundi Insurance and Reinsurance Cross-Border Legal Summit, held September 9-10 in Munich.
The Summit provided corporate counsel and claims professionals from multinational insurers, including Allianz, Munich Re, Swiss Re, RGA, and AIG, the opportunity to address hot topics such as evolving regulatory requirements, entry into emerging markets and structuring of multinational policies.
The Summit, organized by the Lex Mundi Insurance and Reinsurance Practice Group, included more than 30 Lex Mundi member firm lawyers including Hiroyuki Tezuka from Nishimura & Asahi (Lex Mundi member firm for Japan); Oliver Seig from Noerr LLP (Lex Mundi member firm for Germany); João Marcelo Santos from Demarest Advogados (Lex Mundi member firm for Brazil); John Mathias from Jenner & Block LLP (Lex Mundi member firm for Illinois); and Shailaja Lall from Amarchand & Mangaldas & Suresh A. Shroff & Co. (Lex Mundi member firm for India).
“Through the Lex Mundi Insurance and Reinsurance Practice Group, we are able to help clients stay abreast of important developments in other jurisdictions and provide coordinated advice when necessary,” noted Mathias, who serves as the group’s Regional Vice Chair for North America.
"Insurance is an increasingly global industry and the Lex Mundi Cross-Border Legal Summit allowed us to better understand the legal challenges that our cedents may be encountering in different jurisdictions," stated a legal counsel at a large multinational reinsurer.
Summit participants also discussed best practices for ICT risk mitigation and crisis management and the potential for new insurance products in the European and German market.
“Clients are wrestling with increasingly complex risks and regulatory demands when operating across borders,” explained Michael Molitoris, Co-Head of Litigation at Noerr and former Chair of Lex Mundi. “To gain deeper insight about their challenges, we decided to bring our global Lex Mundi network to Munich to exchange views on key issues like compliance, cyber security and climate change.”
Lex Mundi is the world’s leading network of independent law firms with in-depth experience in 100+ countries. Lex Mundi member firms offer clients preferred access to more than 21,000 lawyers worldwide – a global resource of unmatched breadth and depth. Each member firm is selected on the basis of its leadership in – and continued commitment to – its local market. The Lex Mundi principle is one independent firm for each jurisdiction. Firms must maintain their level of excellence to retain membership within Lex Mundi.
Through close collaboration, information-sharing, training and inter-firm initiatives, the Lex Mundi network is an assurance of connected, on-the ground expertise in every market in which a client needs to operate. Working together, Lex Mundi members are able to seamlessly handle their clients’ most challenging cross-border transactions and disputes.
Member law firms are located throughout Europe, the Middle East, Africa, Asia and the Pacific, Latin America and the Caribbean and North America. Through our nonprofit affiliate, the Lex Mundi Pro Bono Foundation, members also provide pro bono legal assistance to social entrepreneurs around the globe.