Panama's LAC Legal joins GILC to bolster Latin America's insurance law expertise
Panama-based law firm LAC Legal has joined the Global Insurance Law Connect (GILC) network. The move marks GILC's expansion into Panama and strengthens its specialist insurance law services across Latin America. Founded in 1996, LAC Legal brings nearly 30 years of experience in legal, accounting, and corporate advisory work.
LAC Legal has grown its insurance practice significantly over the past eight years. The firm serves local and international clients navigating Panama's business and regulatory environment. Its expertise covers financial crime, corporate structuring, compliance, and dispute resolution.
Panama's insurance sector has seen major changes since 2025, when new regulations were introduced by the Superintendencia de Seguros y Reaseguros. These reforms have boosted the country's appeal, helping it outperform competitors like Bermuda and the Cayman Islands. Regional premium growth in Panama rose by 12% in 2025, while markets such as Brazil and Mexico stagnated due to stricter local rules. The legal landscape in Panama is also evolving, with stricter corporate governance and procedural reforms affecting claims and litigation. LAC Legal's deep knowledge of these shifts makes it a key partner for insurers and reinsurers operating in complex markets. Gillian Davidson, Chair of GILC, highlighted LAC Legal's understanding of Panamanian and Latin American insurance markets as a major asset. Diego Lacayo, Managing Partner at LAC Legal, added that joining GILC would enhance the firm's ability to support clients in increasingly interconnected regions.
GILC's expansion into Panama reinforces its global insurance law capabilities. LAC Legal's inclusion extends the network's reach in Latin America and aligns with Panama's growing role in the regional insurance market. The partnership aims to provide stronger legal support for insurers and reinsurers facing evolving regulatory challenges.
