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Portrait of Celso de Azevedo


Celso is an international insurance lawyer and litigation solicitor advocate based in the London office. He specialises in cross- border disputes and conflict of laws issues in complex Latin American and international re/insurance disputes, particularly involving cyber risks, construction, engineering, property, business interruption, D&O, E&O, marine, casualty, offshore and energy losses, including subrogation claims.

He is also involved in shipping and sale of goods as well as reinsurance back-to-back, non-disclosure and misrepresentation disputes in English High Court litigation, and international arbitrations in London and Latin America. Celso has extensive experience in dealing with complex legal issues relating to the quantification of business interruption losses in property and contingency business interruption polices as well as in advanced loss of profits and delay in start-up policy wordings.

He is a past President of the London Business Interruption Association, a Fellow of the Chartered Institute of Arbitrators (FCIArb), and a former visiting lecturer at the Centre for Energy, Petroleum, Mineral Law and Policy, University of Dundee (CEPMLP). Celso authored the latest edition of “Walmsley on Business Interruption Insurance”, published by Witherby Insurance and his book, “Cyber Risks Insurance – Law and Practice”, was published by Sweet & Maxwell in July 2019. Celso has also contributed a chapter on Insurance and Reinsurance Arbitration - A View from the London Market to the Lexis Nexis publication, International Commercial Arbitration Practice in the 21st Century. He is qualified as a solicitor advocate in the UK and as a New York attorney in the US. He is a fluent Portuguese and competent Spanish speaker.

Recent work highlights

  • Advising international insurers and placing brokers on cyber insurance wording in multinational programmes.
  • Acting on behalf of South American-based exporters in LMAA and commercial arbitration disputes.
  • Advising insurers on the drafting of worldwide tailor-made cyber insurance policies for sector-specific IT and financial services companies.
  • Acting on behalf of London reinsurers on a US$ multi-million claim in relation to property and business interruption subrogation losses at a port in South America.
  • Conducting the first ever reinsurance arbitration in Brazil on behalf of London construction reinsurers after the opening of the Brazilian reinsurance market.
  • Advising London and North American underwriters on the resolution of a US$ multi-million business interruption claim at a steel plant, reported as the largest ever Brazilian loss.

Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority.

Penningtons Manches Cooper LLP