Recent examples of work, demonstrating the diversity of our international insurance and reinsurance practice and how we benefit from our integrated international network of offices include advice given:
- on various aspects of the problems arising from the collapse of the Fortress Re Aviation Pool resulting in liabilities of over US$2 billion.
- to a Chilean insurer regarding recovering from its reinsurers in relation to a large business interruption loss
- to a Lloyd’s Syndicate in a coverage dispute with its reinsurers regarding the alleged illegality of the reinsured risks
- to a US insurer on marine reinsurance claims in respect of vessel release bonds
- to a Japanese insurer on the collection of reinsurances for its entire international portfolio of risks
- to a global reinsurance group on coverage, commutation and regulatory issues arising from its finite reinsurance business
- to the liquidators of a casualty insurance company in respect of UK and US claims arising from the insurance of film finance
- to reinsurers in relation to an $80 million reinsurance claim arising from damage caused by genetically modified crops
- in relation to handling an arbitration between two large insurance groups regarding reinsurance of asbestos and silica losses
- to London Market reinsurers in an arbitration concerning the allocation of environmental losses involving multiple carriers and environmental sites
- to a US accident and health pool and its fronting reinsurer in a London arbitration addressing the interpretation of the original loss warranties frequently encountered in this market
- to an Australian property and casualty company in an arbitration involving claims to rescind a reinsurance contract based upon misrepresentation and concealment of material facts during placement
- to the captive insurer of a Venezuelan steel manufacturer facing liability claims arising out the sinking of a vessel in 2004
- to a reinsurer in an investment treaty arbitration against the Government of Argentina (conducted under the rules of the International Centre for the Settlement of Disputes)
- to a life, accident and health reinsurer in a dispute involving the collapse of an underwriting manager
- to a reinsurer in Federal Court litigation against a broker in a dispute involving alleged breaches of fiduciary duty and unpaid commissions
- in relation to advising Colombian insurers in relation to disputes with reinsurers in relation to claims arising from the insurances of financial institutions