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LAC Legal Joins Global Insurance Law Connect (GILC) as Exclusive Member Firm for Panama
LAC Legal has been admitted as a member firm of Global Insurance Law Connect (GILC), the leading international network of law firms specialised in insurance and reinsurance law. With this addition, LAC Legal becomes the network’s representative firm for Panama, extending GILC’s footprint across Latin America and reinforcing its capabilities in one of the region’s most strategically important and rapidly evolving insurance markets. The announcement was published on 4 March 2026 in the official Global Insurance Law Connect announcement.
A Leading International Insurance Law Network
Global Insurance Law Connect (GILC) is a global network that connects insurers and reinsurers with specialised law firms across key jurisdictions worldwide. The network represents some of the most respected insurance law firms in Europe, the Americas, and Asia-Pacific, and operates under a single-member-per-jurisdiction model — one representative firm per country.
LAC Legal’s admission positions Panama within the network at a moment when the jurisdiction is undergoing a profound transformation of its insurance regulatory framework, and reinforces GILC’s commitment to expanding specialist insurance law capabilities across Latin America.
Why This Membership Matters for the Panamanian Market
Panama is undergoing the most significant insurance regulatory reform of recent decades. In 2025, the Superintendency of Insurance and Reinsurance introduced enhanced corporate governance and risk-based supervision standards, reinforcing transparency requirements, beneficial ownership disclosure, and board-level accountability.
In parallel, the new Code of Civil Procedure — the most significant procedural reform in nearly four decades — introduced oral proceedings, early statute of limitations defences, and electronic service of process. Together, these reforms materially impact claims management, litigation strategy, and regulatory compliance for insurers operating in Panama.
In this context, international insurers and reinsurers need legal advisors who combine local precision with cross-border understanding. LAC Legal’s admission to GILC responds directly to that need: the network provides immediate access to a local firm with deep knowledge of the Panamanian and Central American framework, integrated into an international coordination infrastructure.
LAC Legal’s Insurance Practice
Founded in 1996 as Lacayo & Asociados, LAC Legal is today one of Panama’s leading firms, with a team of 14 lawyers delivering full-service legal support across corporate, commercial, civil, regulatory, and insurance matters.
LAC Legal’s insurance practice has expanded significantly over the past eight years, both in Panama and across the wider Latin American region. The team advises a broad base of local and international clients on matters including:
- Regulatory compliance and reporting before the Superintendency of Insurance and Reinsurance
- Corporate structuring of insurers and reinsurers
- Complex claims management and loss advisory
- Dispute resolution, arbitration, and litigation
- Financial crime, beneficial ownership, and compliance
- Cross-border advisory for international insurers operating in Central America
Statements from the Official Announcement
In the official GILC announcement, Gillian Davidson, Chair of Global Insurance Law Connect, welcomed LAC Legal to the network and noted that the firm’s deep understanding of the Panamanian and broader Latin American insurance markets, combined with its multidisciplinary strength, makes it a valuable addition. Davidson observed that, as regulatory and cross-border complexities continue to increase, LAC Legal’s insights and experience will significantly enhance the support GILC provides to insurers and reinsurers globally.
Diego Lacayo Krupnik, Managing Partner at LAC Legal, stated that joining GILC represents a strategic milestone for the firm and reflects the continued internationalisation of Panama’s insurance market. He noted that, as regulatory standards become increasingly aligned with global best practices and procedural reform reshapes civil litigation, insurers require legal advisors who combine local precision with cross-border understanding — and that membership in GILC strengthens LAC Legal’s ability to support insurers and reinsurers operating in increasingly complex and interconnected markets.
Frequently Asked Questions
What is Global Insurance Law Connect (GILC)? Global Insurance Law Connect (GILC) is an international network of law firms specialised in insurance and reinsurance law, with presence across key jurisdictions worldwide. The network connects global insurers and reinsurers with local legal advisors in each member country, under a single-member-per-jurisdiction model that ensures one representative firm per country.
What does it mean that LAC Legal is the GILC member firm for Panama? LAC Legal is the only Panamanian firm admitted to the Global Insurance Law Connect network. This means LAC Legal is the exclusive entry point to the network for insurance law matters requiring Panamanian legal advice, and that its lawyers collaborate directly with member firms in other jurisdictions on cross-border matters.
What does LAC Legal’s insurance practice cover? LAC Legal advises on regulatory compliance before the Superintendency of Insurance and Reinsurance, corporate structuring of insurers and reinsurers, claims management, dispute resolution and litigation, arbitration, financial crime and compliance, and cross-border advisory for international insurers operating in Panama and Central America.
When was LAC Legal’s admission to GILC announced? The official announcement was published by Global Insurance Law Connect on 4 March 2026, on its official website globalinsurancelaw.com.
Does LAC Legal advise only Panamanian clients? No. While its main office is in Panama City, LAC Legal regularly advises insurers, reinsurers, and corporate clients across Central America, including Guatemala, Honduras, El Salvador, Nicaragua, and Costa Rica.
LAC Legal advises insurers, reinsurers, brokers, and corporate clients across Panama and Central America. For inquiries on insurance, regulatory, compliance, or sector-specific litigation matters, contact us.
📍 Tower Financial Center, Calle 50, Piso 36 — Panama City 🌐 lacgrp.com
Original source: Global Insurance Law Connect — “Global Insurance Law Connect welcomes Panama-based LAC Legal as its newest member firm” (4 March 2026).