Rafael Fernández

Practice Areas

Rafael Fernández is Partner of Pérez-Llorca’s Insurance and Reinsurance practice area. Prior to this, Rafael worked in the Insurance and Reinsurance areas in two highly prestigious international firms, in the legal department of the World Bank’s Multilateral Investment Guarantee Agency in Washington DC and as Vice President, Legal Counsel at the head office of the reinsurer Swiss Re Europe in Luxembourg.

Rafael has over 14 years of experience providing legal advice to entities from the insurance sector. In the commercial field, Rafael has been involved in some of the most significant transactions in the Spanish insurance sector, including the sale and purchase of large insurance companies and cross-border portfolio transfers. He also has expertise in all types of transactional risk insurance, including support for W&I underwriting, contingent insurance risks and claims handling.

From a regulatory point of view, Rafael has provided advice on insurance distribution, on the commencement of activities in the provision of services in Spain, as well as on the representation and assistance of insurance companies in inspection proceedings initiated by the Spanish Directorate-General for Insurance and Pension Funds. In the litigious field, Rafael has taken part in various civil liability claims (D&O, professional, product liability and warranty), major claims, bancassurance alliance ruptures, coverage dispute resolution and recovery actions. Rafael has also worked as Secretary and Vice-Secretary for insurance entities, both in Spain and Luxembourg, where he ran the secretariat and provided advice related to corporate governance to Boards of Directors and Delegate Committees (including the Audit and Management Committees) of national and international entities.

In terms of international experience, Rafael has been part of the Multilateral Investment Guarantee Agency (MIGA)’s legal team, where he was involved in insurance against political risks and guarantees against losses from non-commercial risks, as well as Vice President, Legal Counsel at the head office of the insurance firm Swiss Re Europe in Luxembourg.