Insurance & Reinsurance – Recent experience
Our experience includes:
Arbitration
Assisting reinsurers in the arbitration of a dispute with an
underlying insurer in relation to the terms on which the reinsurers agreed to
provide treaty reinsurance and acted on behalf of successive 'layers' of a
client's insurers in monitoring the conduct of their defence to a construction
arbitration.
Commissions of Inquiry
Acted for the interested underwriters of Rail
Infrastructure Corporation in the Glenbrook and Waterfall Inquiries and
subsequent litigation.
Industry reforms
Advising the Insurance Council of Australia (and insurers) on
reforms including General Insurance Code of Practice, the Tort Reform Project,
Long Term Care Support Scheme (NSW) and Fire Services Levies (NSW and Vic).
Mergers and acquisitions
Assisted with the Australian component of MetLife's
acquisition of Citigroup's insurance business.
Political risk
Acted for underwriters of risk in respect of a political risk
cover written in Fiji following the attempted coup by Mr George Speight and
currently acting for a multinational resources company in a political risk
matter.
Regulatory investigations
Representing GenRe Insurance in all issues arising
out of the HIH Royal Commission of Inquiry and assisted an insurer in internal
investigations and due diligence flowing from the Eliot Spitzer inquiries in the
USA.
Reinsurance
Acted on a large number of reinsurance disputes on instructions
from international reinsurers and London law firms.
Restructuring
Assisted a large international reinsurer with the re-structure
of their Australian and New Zealand operations including APRA approval and
schemes of arrangement.
Royal Commission into the collapse of HIH Insurance
A very high-profile public
inquiry scrutinising, among other issues, the effect of reinsurance contracts on
FAI's and HIH's insolvency.
Shareholders class action
Acting for insurers of a party to the class actions
arising from the AMP takeover and in GIO shareholders' class action.
