Insurance

Our Insurance & Reinsurance Work

• All
• Africa
• Asia Pacific
• Latin America
• Middle East
• North America
• UK & Europe

• 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

  Implementing digital distribution channels for a life insurer

  Advising a life insurer on implementing digital distribution channels including mobile applications and USSD channels to distribute certain life insurance policies to its policyholders whilst ensuring compliance with all applicable laws, including data protection laws and the Policyholder Protection Rules relevant to such products and providing guidance in relation to licensing options available to such insurer in compliance with the Insurance Act, 18 of 2017

  South Africa

  Acquisition of Europe's largest aluminium smelter

  Advising Liberty House Group, the industrial arm of the GFG Alliance, on its purchase of Aluminium Dunkerque, Europe's largest aluminium smelter from Rio Tinto for US$500,000,000.

  United States

  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

  Advising Monarch Insurance on its disposal of a majority equity stake to Holmarcom

  Advising Monarch Insurance, a major Kenyan underwriter, on its disposal of a majority equity stake to Moroccan conglomerate, Holmarcom.

  Kenya

  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

  Acting for various foreign insurers and reinsurers in South Africa

  Various foreign insurers and reinsurers on all aspects of establishing a presence (as a licence insurer or as a branch of a foreign reinsurer) in South Africa, including drafting the first bespoke application form for approval to operate as a branch.

  South Africa

  Total loss of a jackup drilling rig “PERRO NEGRO 6”

  Advising insurers on P&I coverage arising out of the capsize and total loss of a jackup drilling rig “PERRO NEGRO 6” offshore Angola.

  Angola

  Establishment of an insurtech offering

  Advising an insurer in relation to the establishment of its insurtech offering, including providing guidance in relation to the structure of the arrangements between the insurer and the technology partner appointed by it to create the Insurtech platform, drafting agreements between the parties to govern the arrangements between the parties and providing regulatory advice to ensure that all applicable laws (including data protection laws and insurance laws) are complied with throughout the...

  South Africa

  Advising a leading reinsurer

  Advising a leading reinsurer with respect to its potential liabilities in Egypt under a trade credit insurance policy.

  Egypt
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• Implementing digital distribution channels for a life insurer

  Advising a life insurer on implementing digital distribution channels including mobile applications and USSD channels to distribute certain life insurance policies to its policyholders whilst ensuring compliance with all applicable laws, including data protection laws and the Policyholder Protection Rules relevant to such products and providing guidance in relation to licensing options available to such insurer in compliance with the Insurance Act, 18 of 2017

  South Africa

  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

  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

  Advising Monarch Insurance on its disposal of a majority equity stake to Holmarcom

  Advising Monarch Insurance, a major Kenyan underwriter, on its disposal of a majority equity stake to Moroccan conglomerate, Holmarcom.

  Kenya

  Acting for various foreign insurers and reinsurers in South Africa

  Various foreign insurers and reinsurers on all aspects of establishing a presence (as a licence insurer or as a branch of a foreign reinsurer) in South Africa, including drafting the first bespoke application form for approval to operate as a branch.

  South Africa

  Total loss of a jackup drilling rig “PERRO NEGRO 6”

  Advising insurers on P&I coverage arising out of the capsize and total loss of a jackup drilling rig “PERRO NEGRO 6” offshore Angola.

  Angola

  Establishment of an insurtech offering

  Advising an insurer in relation to the establishment of its insurtech offering, including providing guidance in relation to the structure of the arrangements between the insurer and the technology partner appointed by it to create the Insurtech platform, drafting agreements between the parties to govern the arrangements between the parties and providing regulatory advice to ensure that all applicable laws (including data protection laws and insurance laws) are complied with throughout the...

  South Africa

  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

  Axis Capital (UK)

  Advising Axis Capital (UK) in relation to claims handling procedures in Kenya.

  Kenya

  Advising a large insurance services provider in the UK

  Advising a large insurance services provider in the UK on the Kenyan legal position on the effect of late notification on a reinsurance contract in a claim of over USD 3 Million.

  Kenya
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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

  Berkshire Hathaway Speciality Insurance Company on its establishment of insurance operations

  Advising Berkshire Hathaway Speciality Insurance Company on its establishment of insurance operations in Australia, including in relation insurance authorisation and financial services licencing, outsourcing and distribution arrangements, corporate and operational establishment, and staffing and resources

  Australia

  CUNA Mutual Insurance on the sale of its Australian life and general insurance operations

  Advising CUNA Mutual Insurance on the sale of its Australian life and general insurance operations, a share sale transaction which involved extensive analysis and advice on the transfer of insurance operations, distribution arrangements and in relation to outsourcing agreements

  Australia

  St. George Bank on a life insurance joint venture/business partner arrangement with AIG Life

  Acting for St. George Bank on the negotiation and structuring of a life insurance joint venture/business partner arrangement with AIG Life, including in relation to the negotiation, documentation, structuring and obtaining of regulatory approvals

  Australia

  Chubb on the merger and integration of the ACE and Chubb businesses

  Advising the Chubb group on the merger and integration of the ACE and Chubb businesses in Australia, involving regulatory approvals, portfolio transfer and management of other operational issues (including the migration of staff, claims handling and underwriting systems and processes)

  Australia

  Large claim for double insurance against contracts work insurer

  Acting for the industrial special risks insurer in a mining project in respect of a large claim for double insurance against the contracts work insurer

  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

  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

  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

  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
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• 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

  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

  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

  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

  Coverage for a defective SAG mill

  Acting for reinsurers on a large mining loss arising out of a defective SAG mill, including litigation in the English Commercial Court.

  Chile

  Large-scale reinsurance dispute

  Representing forty four London market reinsurers in a nine-figure reinsurance dispute.

  Colombia

  Disruption to supplies of electricity claim

  Advising insurers in respect of a claim following disruption to supplies of electricity to the central grid in Colombia.

  Colombia

  Coverage arbitration following the delayed start-up of a transnational oil pipeline

  Successfully defending insurers in a USD 78 million coverage arbitration concerning a delay in start up cover for a 600 km oil pipeline.

  Ecuador

  Swine flu outbreak business interuption claims

  Advised insurers of a restaurant chain with more than 400 restaurants in Mexico on business interuption claims after a swine flu outbreak under denial of access and government authority clauses including aggregation issues

  Mexico

  Multi-million USD claim alleging negligent design

  Advice in relation to a USD 300 million plus claim against a global design and engineering company relating to the alleged negligent design of a hydro-electric facility in Panama (with claims in multiple jurisdictions including the United Kingdom, Sweden and the United States)

  Panama
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• Advising a leading reinsurer

  Advising a leading reinsurer with respect to its potential liabilities in Egypt under a trade credit insurance policy.

  Egypt

  PD, BI and Political violence following pipeline explosion

  Defending PD, BI and Political Violence reinsurers in relation to proceedings brought in Egypt following terrorist explosions on a major international gas export pipeline.

  Egypt

  Gig-Egypt

  Advising Gig-Egypt on the transaction to acquire 100% of AIG Egypt through a mandatory tender offer.

  Egypt

  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

  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

  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

  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

  SAMA insurance regime

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

  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

  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
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• Acquisition of Europe's largest aluminium smelter

  Advising Liberty House Group, the industrial arm of the GFG Alliance, on its purchase of Aluminium Dunkerque, Europe's largest aluminium smelter from Rio Tinto for US$500,000,000.

  United States

  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

  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

  CNA acquisition of Hardy Underwriting Bermuda Limited

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

  Bermuda

  Enstar Acquisition of Torus

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

  Bermuda

  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

  Successfully defending the Dispute Clause in an export credit insurer's accounts receivable policy

  Successfully defending the Dispute Clause in a large export credit insurer's accounts receivable (shipments) policy for the fifth time before Canadian courts, including favourable decisions of both the Quebec and the Ontario Courts of Appeal.

  Canada

  Settling a CAD 130 million class action

  Acting for an accountants practice in successfully settling a CAD 130 million class action brought by investors in Canada

  Canada

  Claims & counterclaims over defective products and contractual damages

  Advising underwriters in relation to Canadian litigation where a counterclaim has recently been received, arguing that the product supplied by the insured was defective and thus raising a defence to their claim for contractual damages.

  Canada

  Multi-jurisdictional class action securities claims advice

  Advising Canadian, London market and US insurers with respect to coverage for class action securities claims asserted under newly-sanctioned secondary market class action securities laws in Canada

  Canada
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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

  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

  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

  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

  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

  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

  The kidnapping of Shergar

  Advising on the kidnapping of the acclaimed Irish racehorse Shergar

  Ireland

  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
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