Insurance and reinsurance
Typical examples of the type of work undertaken by the team include:
Insurance and reinsurance dispute resolution
Representing underwriters' interests in the London and international markets in virtually all major market wide issues in recent years including personal accident and workers compensation claims, Exxon Valdez and Kuwait LMX reinsurance recovery actions, WTC claims, Katrina claims, dotcom bubble claims, US tax shelter claims, Worldcom, Global Crossing, US mutual late trading/market timing disputes, stock option backdating claims, Sempra Energy California Wildfire claims and most recently sub-prime related claims;
Advising London market reinsurers on coverage issues, and in particular the basis of claims presentations, under D&O insurances in respect of credit-crunch related claims;
Representing insurers and reinsurers in many London arbitrations subject to New York or other laws, including Bermuda form excess liability disputes and on- and off-shore energy disputes;
Acting for insurers of a US loss adjuster in a negligence claim brought against the adjuster for alleged negligent adjustment of Hurricane Katrina flood claims, which involved London arbitration, concurrent proceedings in Louisiana, anti-suit and anti-anti-suit injunctions, and ultimately mediation;
Representing reinsurers of a captive of a US professional services company regarding coverage issues in respect of US tax shelter claims and regulatory investigations, which raised important issues regarding the insurability of regulatory fines as a matter of English/Bermuda law;
Advising energy mutual in relation to coverage for damage caused to a North Sea oil rig;
Acting for excess insurers (excess of US$50m) on an E&O/D&O programme in international arbitration proceedings (UNCITRAL) in relation to their exposure arising out of a $100m US class action brought against their insured, a US Fortune 100 Company.
Corporate insurance
Advised Arthur J Gallagher & Co on its £97 million acquisition of the HLG Holdings Ltd (Health Lambert Group);
Advised Crispin Speers and Partners on its acquisition of the aviation business of RFIB Group Limited;
Advised Isle of Man Insurance on its purchase of ChauffeurPlan from Longford Insurance Services Limited.
Compliance, regulatory and corporate governance
Advised companies on the need for obtaining FSA authorisation;
Advised on transfers of insurance business under the Financial Services and Markets Act 2000;
Advised senior management and compliance officers on requirements for internal systems and controls;
Advised several UK companies in relation to their obligations upon implementation of the 2010 Bribery Act.