In the client alert The “Panama Papers” and the Secret World of Shell Corporations, Insurance attorneys Joseph Jean and Alexander Hardiman along with their colleagues Carolina Fornos, Mark Hellerer, Maria Galeno, William Sullivan, Nancy Fischer, Nora Burke and Danielle Vrabie discuss a leak of 11.5 million documents from a law firm in Panama that may implicate politicians, criminals and celebrities in sheltering of fortunes in offshore tax havens through the use of shell companies. In light of these events, financial institutions and other entities may need to consider whether they are implicated, how to assess the risks, how to minimize exposure, if any, and whether insurance coverage is available.