Insurance
Asia-Pacific Guide 2024 : Thailand
Band 1
About
Provided by Baker McKenzie
The size and diversity of Baker McKenzie's Bangkok insurance team allow us to fluently apply legal and industry knowledge to find sophisticated and commercially sound solutions to all aspects of an insurance matter. We have over three decades of accumulated experience and best practices in advising clients in all areas of both life and non-life insurance, including insurers, reinsurers, insurance brokers, and financial institutions. We also assist international investors from more mature insurance and reinsurance markets who are keen to participate in an existing domestic operation or a joint venture with an existing local insurance entity. Our teams regularly advise on the most complex and challenging domestic and cross-border matters, delivering consistently practical and knowledgeable advice and providing clients with innovative solutions, making us the undisputed Thai market leader.
No other firm in Thailand has represented more major international and local insurers, insurance intermediaries, and self-regulatory bodies. Our comprehensive capabilities cover regulatory issues; policy issues (life and casualty insurance); M&A, JV; Reinsurance; development of new insurance and investment-linked products; insurance-related claims, subrogation matters; investments by insurance funds and asset management; bancassurance; trade competition; digitalization, insurtech, data privacy; tax aspects of insurance, investment, corporate restructuring; and litigation claims.
Chambers Review
Baker McKenzie houses a highly regarded insurance team with a market-leading non-contentious practice. The team advises on M&A, reorganisation, regulatory and bancassurance matters in the insurance sector, as well as handling litigation. The practice is frequently instructed by pre-eminent Thai and global insurers, reinsurers, banks and brokers.
Work Highlights
- Baker McKenzie advised Thai Life Insurance on its application for regulatory approval to lift the foreign shareholding limit up from 25% to 49%.
Strengths
Provided by Chambers
"Baker McKenzie have a good understanding of the issues and always provide prompt responses."
"Baker McKenzie have a good understanding of the issues and always provide prompt responses."
Notable Practitioners
Sorachon Boonsong is a leading figure for non-contentious insurance matters, including high-value M&A. He often represents Thai and foreign insurers.
Ampika Kumar specialises in insurance regulatory matters, including advising clients on foreign shareholding regulations and related antitrust issues. She usually acts for insurers on transactional matters.
Amnart Pitakgorn is an established practitioner in Thailand's insurance space, active on a wide range of non-contentious matters. He especially deals with regulatory matters concerning interrelated insurance, M&A and capital markets issues.
Ranked Lawyers at
Baker McKenzie
Thailand
Members
Provided by Baker McKenzie
Jakkarin Bantathong
Jarae Sithiwong
Purachate Manussiripen
Head of Department
Head of Department
Industries
Provided by Baker McKenzie
Bancassurance
Life Insurance
Non-life Insurance
Reinsurance