Jaime is a partner in the litigation and arbitration practice in the Madrid office, specialised in insurance, reinsurance, financial institutions, retail banking, payment services and the emerging areas of Fintech and Insurtech.
He regularly advises on corporate transactions and insurance and reinsurance distribution, including M&A, the creation of joint ventures and business restructuring in the insurance sector, as well as advice on insurance and reinsurance policy cover. He has designed, coordinated and had a hand in numerous cross-border mergers between European insurers and is a renowned expert in portfolio transfers (at domestic and international level) and the sale and purchase of insurance companies.
Jaime also specialises in regulatory law and relationships with the Spanish authorities, having been involved in countless complex cases before the Directorate-General for Insurance and Pension Funds.
He has acquired vast experience in the payment services sector where he has worked for domestic and international enterprises on aspects relating to the Payment Services Directives and their implementation in Spain, not to mention his work on money laundering and its corresponding obligations. He has also previously worked for payment services companies on international matters.
His expertise is highlighted in Chambers & Partners, Legal 500, Best Lawyers and Who's Who Legal for Insurance and Fintech since 2018, with Chambers ranking in Band 1 in Fintech Legal (2024-2019 – Spain) and Band 3 in Insurance (2024-2018 – Spain):
- "Jaime has a deep knowledge base within his practice area and always provides an excellent service." "Jaime always finds a solution to the problem and he is open to opportunities." "He is a trustworthy person who brings empathy and dedication to the client.", Chambers Europe 2024 – Spain (Insurance)
- "Jaime is a brilliant professional, a great lawyer and an excellent person." "He is accessible and willing to support whenever needed.", Chambers Europe 2024 – Spain (FinTech Legal)
- ‘Jaime Bofill – communication capacity, regulatory knowledge and agility in the management of matters.’, EMEA Legal 500 2024 – Spain (Insurance)
- ‘Jaime Bofill is a great lawyer – he stands out from his competitors in the way he faces circumstances and challenges. Bofill manages moments and circumstances with great creativity, pragmatism, understanding and resolution capacity.’, EMEA Legal 500 2024 – Spain (Insurance)
In recent years, he has received several Acritas stars as an independently rated lawyer and for his work on regulatory matters.
Background
He has a law degree by Universidad de Navarra, Pamplona (Spain) and a master's degree in law by Instituto de Empresa (IE) in Madrid (Spain). He speaks Spanish and English. He is a member of the Ilustre Colegio de la Abogacía de Madrid (ICAM – Madrid Bar Association).
Jaime lectures on contractual law and professional civil liability for the master's degree in Access to the Legal Profession at Universidad Pontificia Comillas ICADE (Madrid, Spain). He has also acted as guest speaker at numerous conferences and events throughout his vast career.
Experience & expertise
Selected matters
- a multinational insurance company in their incorporation into the Spanish market and its licensing in Spain, including the develop of their policies and its distribution structure*
- a multinational insurance company in their judicial proceedings and claims, regarding surety, credit insurance and bonding, having managed the biggest claims in the Spanish market in the last 10 years*
- an international private equity fund, in their acquisitions in Spain in the broker insurance industry, having closed more than 15 deals in the last 2 years*
- a multinational payment services entity, in their incorporation into the Spanish market and its licensing as Electronic Money Institution before Bank of Spain*
- a multinational crypto company, in their incorporation into the Spanish market and its recording as Exchange before Bank of Spain*
*Experience prior to joining Herbert Smith Freehills
