Insurance & Reinsurance

The firm’s insurance & reinsurance practice is recognised internationally as an industry leader. Through our integrated global network of offices, we offer a comprehensive range of dispute resolution and transactional legal services to the insurance and reinsurance sector, including: insurance companies; policyholders, captives; insurance intermediaries and other agencies; managing and members’ agencies at Lloyd’s; and run-off service providers.

Insurance Business Lines & Reinsurance Recoveries: There is probably no recent significant event which has generated insurance or reinsurance disputes, in which we have not been significantly involved. We have successfully resolved some very large disputes in recent years, including two reinsurance cases taken to the Court of Appeal (arising out of the grounding of the Exxon Valdez, and the seizure of several aircraft during the Iraqi invasion of Kuwait).
New Product Development and Policy Drafting: One of the major challenges to insurance businesses is the development of new and innovative products. We advise on the commercial, marketing and regulatory aspects of new product development as well as policy wordings.
Corporate and Commercial: We have extensive experience of mergers and acquisitions in the insurance sector (whether of regulated businesses or ancillary businesses) and have recent and regular experience of insurance company, Lloyd's and broker transactions. In this regard we have property, employment and tax support available where necessary. We also have good contacts with the FSA, Lloyd's and regulators in other countries. Our specialist lawyers work closely with colleagues in the dispute resolution area to add value to corporate and commercial work, for example in the due diligence process.
Distribution: Our familiarity with the broker market gives us an advantage when advising insurance companies on traditional distribution channels. We advise on strategic stakes being taken by insurers in brokers. We advise insurance clients on the establishment of electronic sales processes in multiple jurisdictions including the US. We are regularly asked to draft, and advise on the terms of key distribution agreements such as TOBAs, and affinity arrangements.
Regulatory: We advise on all regulatory and compliance issues, both in the UK and cross-border. Recent regulatory work includes the establishment of insurers, reinsurers, underwriting agencies and intermediary businesses; as well as the ongoing regulatory requirements, corporate governance and compliance issues including FSA and Lloyd’s of London. Our team follows EU law developments, and provides lobbying services as well as advice on implementation of new laws e.g. the new EU block exemption for agreements in the insurance sector.
Corporate capital at Lloyds: Our team acts for banks and insurance companies in relation to the provision of corporate capital at Lloyd's.

What we do Experience

Insurance Business Lines & Reinsurance Recoveries: There is probably no recent significant event which has generated insurance or reinsurance disputes, in which we have not been significantly involved. We have successfully resolved some very large disputes in recent years, including two reinsurance cases taken to the Court of Appeal (arising out of the grounding of the Exxon Valdez, and the seizure of several aircraft during the Iraqi invasion of Kuwait).
New Product Development and Policy Drafting: One of the major challenges to insurance businesses is the development of new and innovative products. We advise on the commercial, marketing and regulatory aspects of new product development as well as policy wordings.
Corporate and Commercial: We have extensive experience of mergers and acquisitions in the insurance sector (whether of regulated businesses or ancillary businesses) and have recent and regular experience of insurance company, Lloyd's and broker transactions. In this regard we have property, employment and tax support available where necessary. We also have good contacts with the FSA, Lloyd's and regulators in other countries. Our specialist lawyers work closely with colleagues in the dispute resolution area to add value to corporate and commercial work, for example in the due diligence process.
Distribution: Our familiarity with the broker market gives us an advantage when advising insurance companies on traditional distribution channels. We advise on strategic stakes being taken by insurers in brokers. We advise insurance clients on the establishment of electronic sales processes in multiple jurisdictions including the US. We are regularly asked to draft, and advise on the terms of key distribution agreements such as TOBAs, and affinity arrangements.
Regulatory: We advise on all regulatory and compliance issues, both in the UK and cross-border. Recent regulatory work includes the establishment of insurers, reinsurers, underwriting agencies and intermediary businesses; as well as the ongoing regulatory requirements, corporate governance and compliance issues including FSA and Lloyd’s of London. Our team follows EU law developments, and provides lobbying services as well as advice on implementation of new laws e.g. the new EU block exemption for agreements in the insurance sector.
Corporate capital at Lloyds: Our team acts for banks and insurance companies in relation to the provision of corporate capital at Lloyd's.