Profile

Jesús Almarcha Jaime joined Pérez-Llorca in 2020. Prior to this, Jesús worked as a lawyer at a national firm specialised in financial regulation, the Spanish Association of Insurers and Reinsurers (UNESPA), and another prestigious Spanish firm.

Studies:

• 2015 Master’s degree for Access to the Legal Profession, Universidad de Castilla-La Mancha (UCLM)
• 2014 Degree in Law, Universidad de Castilla-La Mancha (UCLM)

He speaks Spanish and English.

Experience

Jesús Almarcha has over seven years of experience providing legal advice to Spanish and international financial institutions, especially in the insurance sector.

Jesús is an expert in project and operations management, as well as in the resolution of technical queries in the field of national and international regulation in the insurance sector. In this regard, he has been involved in some of this sector’s most significant regulatory transactions, such as adapting insurance entities’ business models to the demands of solvency II, advising on the valuation of technical provisions and management of investments, improving insurance entities’ system of governance, communicating and submitting information to the DGSFP (Spanish Directorate-General for Insurance and Pension Funds), advising on the development of the free provision of services and the right of establishment in Spain and in other European countries, obtaining licences to operate in different branches of insurance, providing technical analysis of insurance contracts, advising on developing insurance distribution activity (intermediaries and insurance companies), and issuing opinions and reports on regulatory issues of particular complexity, among others.

Jesús is also an expert in providing transactional insurance and reinsurance advice through the creation of guarantee systems with insurance contracts in financing transactions, drafting and negotiating commercial contracts in mergers and acquisitions of insurance companies and insurance intermediaries, portfolio transfer agreements, insurance distribution contracts and joint ventures.

Jesús has also been involved in judicial and non-judicial claims due to refusals of coverage and civil liability, claims management for insurance companies and negotiating national and international claims coverage, and has collaborated in the development of regulatory projects in the insurance sector by drafting modification proposals and amendments to governmental and political institutions.

Academic and publishing collaborations

Jesús has given classes on Insurance Law at the Universidad de Castilla-La Mancha (UCLM) and the Universidad Complutense de Madrid.

Additionally, Jesús has had a wide variety of articles and legal papers related to the insurance sector published in the most important legal journals, including:

• “Régimen jurídico de la externalización de procesos y servicios de empresas de seguros y reaseguros”, Revista de Derecho del Sistema Financiero, no. 3, ARANZADI, 2022.
• “Un nuevo esquema de supervisión en el Anteproyecto de Ley para la transformación del sistema financiero (regulatory sandbox) ”, Diario La Ley núm. 9427, LA LEY, 2019.
• “Aspectos clave en la distribución del seguro de vida unit-linked (Libro blanco de los seguros unit-linked)”, Revista Española de Seguros 176/2018, SEAIDA, 2019.
• “El Anteproyecto de Ley reguladora de los contratos de crédito inmobiliario desde la perspectiva aseguradora”, Boletín Diario de Seguros (BDS), INESE, 2017.
• “La cláusula que aplica un baremo indemnizatorio para el caso de invalidez es limitativa y el asegurado debe aceptarla expresamente también en los seguros colectivos”, Revista Cuadernos Civitas de Jurisprudencia Civil 104/2017, CIVITAS ARANZADI, 2017.

Professional organisations

The Madrid Bar Association (ICAM).

The Spanish Branch of the International Association of Insurance Law (SEAIDA).

Member of the Spanish Association of Young Insurance Professionals (AJPS).

Awards

Castilla-La Mancha Bar Association Award for Legal Studies in Private Law with Great Economic and Social Impact (2015).