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Macarena Correa

Senior Associate

People

Macarena Correa

Macarena Correa

Senior Associate

People

Macarena Correa

Macarena Correa

Senior Associate

Macarena is a Solicitor of England and Wales and a Spanish abogado. She is a senior associate lawyer in the corporate insurance team in Clyde & Co's Dubai office.

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Profile & Experience

Macarena is a Solicitor of England and Wales and a Spanish abogado. She is a senior associate lawyer in the corporate insurance team in Clyde & Co's Dubai office.

Regions covered
Full Profile

Macarena has practiced corporate insurance law in Madrid, Paris and London, advising on a significant number of corporate and regulatory insurance related transactions in multiple jurisdictions.

Macarena has over 10 years' experience in (re)insurance transactional and regulatory matters, gained both in-house and in private practice. She has developed a particular knowledge in corporate and regulatory insurance fields by providing advice in a wide variety of transactions within the insurance and reinsurance business. Macarena regularly advises on the corporate and regulatory aspects of (re)insurance transactions, including the structuring, formation and licensing of insurance and reinsurance platforms. Macarena has also acquired significant expertise in the Lloyd's of London marketplace.

Macarena also has extensive experience working across a variety of other regulated industries – e.g., gaming – across multiple jurisdictions, and has advised the formation and licensing of start-ups / unicorns.

Prior to joining Clyde & Co, Macarena spent six years working in-house, first as an international legal counsel of a reinsurance company in Paris and then as an associate general counsel in an international (re)insurance group with a desk at Lloyd’s, and was previously working for four years as an associate lawyer for the insurance department of an leading international law firm in Madrid. Macarena speaks English, Spanish and French.

Experience
  • Advising companies on the formation of new legal entities in off-shore/onshore jurisdictions to manage (re)insurance groups’ resources in an efficient manner (e.g. holding companies, shell companies, captives, subsidiaries, branches, representative offices).
  • Active engagement with regulators across different jurisdictions (UK, EU, LATAM) in the framework of transactions or regulatory activities which require regulatory consent/approval, including but not limited to assisting the licensing process of newly incorporated companies; advising on the process to register insurance companies with foreign regulators to write (re)insurance business in foreign countries, mergers and acquisitions, or business transfers.
  • Drafting, reviewing and advising on with a diverse range of insurance-related contracts for various (re)insurance business areas and different jurisdictions including but not limited to agreements with brokers (TOBA’s), claims third party administrators (Claims Administration Services Agreement), and coverholders / MGA’s (binding authorities).
  • Drafting, reviewing and amending a diverse range of commercial agreements ab initio and/or at renewal, as well as advising on or negotiating the key clauses and provisions of each arrangement in view to obtain a suitable draft or more beneficial conditions.
  • Managing both the legal and compliance affairs of the European and Lloyd’s of London related entities of an international (re)insurance group.
  • Negotiation of contentious insurance matters seeking to either avoid or finalize the litigation process through a settlement agreement.
Services

Services

  • Corporate