Insurance & Reinsurance

Our Insurance & Reinsurance Work

• All
• Africa
• Americas
• Asia Pacific
• Middle East
• UK & Europe

• Nepal Airlines chartered flight crash

  Advising insurers in respect of the chartered flight to Jomsom from Pokhara which crashed on the banks of Kaligandaki river near the airport after it skidded off the runway while making a turn.

  Nepal

  A distributed denial of service attack

  A distributed denial of service attack, which caused the website of a major retailer to shut down for nearly 72 hours, leading to business interruption loss and other first party loss.

  United States

  Abu Dhabi health authority terms of reference

  Advising on the terms of reference for Abu Dhabi Health Authority’s disciplinary committee for medical professionals which involved considering applicable federal and Abu Dhabi laws and regulations and examining best practice internationally

  United Arab Emirates

  Acklins Blue Cessna 402 crash

  Advising insurers regarding the Cessna 402 aircraft accident which crashed into Lake Killarney shortly after take-off from Nassau-Lynden Pindling International Airport (NAS), Bahamas on a flight to San Salvador causing multiple fatalities.

  Bahamas

  Acquisition of a life insurance company to form an on-line digital life insurer

  Advising an asset management and investment firm on its acquisition (together with a tech conglomerate) of a strategic stake in a life insurance company with a view to establish the first on-line digital life insurer in Hong Kong

   

  Hong Kong

  Acquisition of life insurer assets by US financial institution

  Represented a large US financial institution in connection with its acquisition, through reinsurance, of US$1.7 billion of policies and corresponding reserves and related assets from life insurer as part of court-ordered rehabilitation and separately its acquisition of a life insurance company

  United States

  Acting for a wealth management firm

  Acting for a wealth management firm in respect of multiple customer complaints concerning advice given to invest in an unregulated collective investment scheme (a fund of hedge funds). We advised on communications with customers and the FOS and have assisted with the design and implementation of a scheme (for approval by the FCA) to compensate all customers who fit within certain defined parameters

  United Kingdom

  Acting for IFAs

  Acting for IFAs in claims by clients and the FSCS arising out of the collapse of Keydata Investors who have lost all of their funds

  United Kingdom

  Acting in relation to a series of unregulated investments

  Acting for an IFA on a claim brought by a household name against his former financial adviser in relation to a series of unregulated investments made across the world

  United Kingdom

  Acting in relation to civil and regulatory exposures

  Acting for a wealth management firm in relation to civil and regulatory exposures arising from pension switching advice in which customers were advised to switch from occupational to personal pensions

  United Kingdom
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• Total loss of a jackup drilling rig

  Advising a P&I club on coverage arising out of the capsize and total loss of a jackup drilling rig in Angolan waters at the mouth of the Congo River

  Angola

  Pit wall collapse at the world's most profitable diamond mine

  Advising reinsurers on coverage for property damage and business interruption claim following a pit wall collapse at the world's most profitable diamond mine and where the loss alleged exceeds USD 250 million.

  Botswana

  Yemenia Airways flight 626 accident

  Advising insurers in respect of over 2500 passenger claims following Yemenia Airways Airbus accident on approach to runway, causing one fatality.

  Comoros

  Subrogated recovery following drill ship loss

  Acting on behalf of Saipem and subrogated insurers against the manufacturers of a disc brake and control system that was determined as the cause of the damage to Saipem's new generation drill ship, the Saipem 10,000.

  Equatorial Guinea

  Allied Air Flight 111 crash

  Advising insurers on an Allied Air Boeing 727 cargo plane which overran the runway on landing and broke through the airport perimeter fence causing fatalities and multiple ground injuries.

  Ghana

  Kenya Airways flight KQ507 accident

  Dealing with the legal liability claims arising out of an accident to Kenya Airways flight KQ507 which crashed immediately after takeoff from Douala International Airport.

  Kenya

  Afriqiyah Airways accident in Tripoli

  Advising Afriqiyah Airways and its insurers and reinsurers following the accident on flight from Johannesburg to Tripoli where aircraft touched down short of the runway, broke up and caught fire.

  Libya

  Dana Airlines disaster in Lagos

  Advising insurers regarding Dana Airlines flight 992 which crashed on its approach to Lagos, destroying the aircraft. All passengers and crew perished.

  Nigeria

  Coverage for mechanical breakdown and business interuption

  Representing reinsurers in the successful settlement of a USD 30 million claim arising from a breakdown of a mechanical shovel and consequential business interruption claim at a large diamond mine loss concerning coverage and quantum issues

  South Africa

  Steam turbine failure recovery court proceedings

  Successfully representing insurers in subrogated proceedings against an OEM following a turbine failure.

  South Africa
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• Acklins Blue Cessna 402 crash

  Advising insurers regarding the Cessna 402 aircraft accident which crashed into Lake Killarney shortly after take-off from Nassau-Lynden Pindling International Airport (NAS), Bahamas on a flight to San Salvador causing multiple fatalities.

  Bahamas

  Substantive Bermuda Form matters for reinsurers

  Acting for reinsurers in the first case on substantive Bermuda Form matters to come before the English Courts, AZICO v. XL and ACE ([2013] EWCA Civ 1660)

  Bermuda

  Enstar Acquisition of Torus

  Advising Enstar Group on their USD 692 million acquisition of specialty insurer Torus

  Bermuda

  CNA acquisition of Hardy Underwriting Bermuda Limited

  Advising CNA Financial Corporation on its GBP 143 million acquisition of Hardy Underwriting Bermuda Limited

  Bermuda

  Reorganisation using Part VII transfers

  Advising The Standard Club on the reorganisation of their Bermudian and various UK underwriting entities into one entity using Part VII transfers

  Bermuda

  Political risk cover for zinc and lead mines in South America

  Advising a bank on political risk cover for investments in lead and zinc mines in South America

  Brazil

  Floating unit collision USD 20 million claim

  Acting for an insurer in relation to the P-XXV case involving a USD 20 million claim by a Brazilian insured for loss and damage following the collision of a floating unit

  Brazil

  Dispute concerning an all-risk insurance policy for a hydro-electric project

  Advising six co-insurers and thirty co-reinsurers in relation to a complex multi-jurisdictional dispute, involving court proceedings in the UK and Brazil, in addition to arbitrations under ARIAS and LCIA rules.

  Brazil

  Liabilities claim at Brazilian hydroelectric power plant

  Advising a panel of international reinsurers on their liabilities arising from strike and riot in a hydroelectric power plant in Brazil, with a stated claim of BRL 1.5 billion

  Brazil

  CAD 1 billion claim following catastrophic incident

  Acting for London underwriters in respect of a CAD 1 billion claim following catastrophic incident at a Canadian Oilsands site.

  Canada
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• Nepal Airlines chartered flight crash

  Advising insurers in respect of the chartered flight to Jomsom from Pokhara which crashed on the banks of Kaligandaki river near the airport after it skidded off the runway while making a turn.

  Nepal

  Insurance Australia Group acquisition

  Advising Insurance Australia Group in relation to its acquisition of a 20% stake in Tianjin Bohai General Insurance Company (China)

  Australia

  Employment advice for the acquisition of an insurance company

  Advising an Australian insurance company on the acquisition of a European Insurer involving the coordination of advice in France, Germany and Spain

  Australia

  Large shareholder class action and insurance issues

  Acting for the insured and insurers in one of the largest shareholder class actions to proceed to trial in Australia (which arose from a profit downgrade), and advising on the insurance issues arising out of litigation in the US with the holders of convertible bonds

  Australia

  US Securities and Exchange Commission investigations and complaints

  Acting for a Big Four practice in Australia in respect of US Securities and Exchange Commission investigations and complaints regarding negligent and improper accounting practices, and advice on inter-firm related captive coverage

  Australia

  MetLife acquisition of the life insurance and annuity business of CitiGroup

  Advising MetLife in connection with the Australian aspects of its global acquisition of the life insurance and annuity business of CitiGroup. We advisied on, negotiated and documented various product distribution and joint venture marketing agreements between MetLife and Citi

  Australia

  Australian insurance regulatory issues

  Providing extensive advice on Australian insurance regulatory issues including assisting with the establishment of insurance operations and on reinsurance collateral arrangements

  Australia

  Negligence claims in relation to various projects

  Acting for an engineer defending negligence claims in relation to various projects, including the allegedly negligent design of tunnels, roads and bridges

  Australia

  Defense of structural engineers

  Defending structural engineers alleged to have failed to take account of hydrostatic pressure calculations in designing a landmark luxury harbour-side apartment complex

  Australia

  Federal Court of Australia proceedings

  Acting for the insurers of a large consulting engineering firm in relation to Federal Court of Australia proceedings which alleged they were responsible for the collapse of underground mine workings

  Australia
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• USD 147 million acquisition in the GCC

  Advising RSA on its USD 147 million acquisition of Al Ahlia Insurance Company of Oman, creating Oman’s largest insurance company by premium income. This was the first major insurance acquisition in the GCC in recent years

  Oman

  Material damage from highway construction failure

  Advising reinsurers in a GBP 200 million material damage claim being brought in the courts of Qatar, arising from the failure of a newly constructed highway.

  Qatar

  Capsize of the offshore vessel Demas Victory

  Acting for insurers in relation to the “Demas Victory”, an offshore supply vessel, which capsized inbound to Qatar resulting in 30 deaths and ensuing criminal and civil proceedings, insurance and blood money issues

  Qatar

  Implementing regulations

  Advising QFCRA on the draft implementing regulations for the insurance sector to be issued by the Qatar Central Bank pursuant to the QCB Law; including undertaking an extensive benchmarking exercise against the insurance laws and regulations of the GCC.

  Qatar

  GCC government Social Health Insurance Project

  Advising the project team for in connection with its mandate to evaluate its health funding system and come up with proposals for reform and thereafter advising on the introduction of the Social Health Insurance Scheme, including drafting the requisite legislation and implementing regulations

  Saudi Arabia

  USD 4 million cash in transit theft

  Acting for London market reinsurers in relation to cash in transit losses in the Kingdom of Saudi Arabia following the theft of over USD 4 million in cash by the driver of one of the vehicles of the original insured, an armoured vehicle provider. We provided coverage advice in relation to the application of policy terms and conditions, including in respect of misrepresentation and non-disclosure arguments, under Saudi law.

  Saudi Arabia

  Business interruption claim at Saudi petrochemical complex

  Acting for liability insurers of a power plant in Saudi Arabia which suffered 3 power outages and allegedly caused substantial property damage and related losses at a very large petrochemical complex on the Red Sea.

  Saudi Arabia

  Data Protection issues arising out of outsourcing arrangements

  Advising two international health insurers on the data protection issues arising in the context of their outsourcing arrangements with their Saudi joint ventures

  Saudi Arabia

  SAMA insurance regime

  Advising insurance interests on the SAMA insurance regime and establishing operations in Saudi Arabia.

  Saudi Arabia

  Markel

  Advising on medical negligence policy wording and issues relevant to the medical malpractice insurance scheme they offered in the UAE, Qatar and Oman

  United Arab Emirates
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• Art damage in storage and recovery of losses

  Assisting in the recovery of losses incurred by the owner of works by a leading 20th century painter, sculptor, print-maker and ceramicist following damage caused to a number of works stored by a well-known art packer and shipper

  Belgium

  Advising underwriters over contaminated babies' milk

  Advising underwriters in relation to the contamination of baby milk in Denmark. Our team is advising on coverage and liability with the assistance of Danish agents.

  Denmark

  Finnish OP-Pohjola acquisition of Skandia

  Advising Finnish insurer OP-Pohjola on its EUR 1.3 billion acquisition of the Finnish business of Skandia

  Finland

  High voltage direct current connection outage and multi-jurisdictional damage claim

  Acting for UK and French insurers in relation to damage caused in both France and England due to an outage of the high voltage direct current connection between the UK and continental Europe. We faced complex issues in international law and the overlap of multiple contracts

  France

  Baqueira Beret serious skiing accident

  Serious accident of a French citizen whilst skiing in Baqueira Beret resulting in paraplegia. Proceedings instigated both in France and in Spain.

  France

  Caño Limon pipeline French reinsurance arbitration

  Advising on a USD 3 million reinsurance arbitration on the aggregation of losses arising out of terrorist attacks on the Caño Limon pipeline. The reinsurance contracts were subject to French law and arbitration and the case led to a court dispute and mediation in relation to the implication of the purported transfer of outwards run off reinsurance

  France

  European distribution agreement and regulatory implications

  Advising a global insurer on its European-wide distribution agreement with a retail bank and the regulatory implications of that agreement

  France

  Insurance coverage for PIP implants

  Representing a product liability insurer of a chain of private hospitals specialising in providing cosmetic surgery, including breast implants, in regards to claims from patients who had been given the French-made PIP implants. These implants received extensive media coverage when it was discovered that they had been filled with non-medical-grade silicone, thought to be of a type used to make mattresses.

  France

  Subrogated recovery following major flood

  Acting for London insurers in respect of a subrogated recovery against a dam operator following a major flood in Europe.

  Ireland

  The kidnapping of Shergar

  Advising on the kidnapping of the acclaimed Irish racehorse Shergar

  Ireland
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