The Financial Services Royal Commission and the rapid growth in litigation funding has led to an unprecedented scrutiny of corporate conduct and governance, as well as an increase in regulatory and class action activity.
As a result, financial lines (including directors & officers' liability), insurance & reinsurance markets have hardened significantly in Australia. It is now more critical than ever to understand available policy market terms and your organisation's insured risks profile.
In addition to presenting difficulties for the negotiation and placement of insurance, this complex claims environment requires insurance and risk teams to possess a detailed knowledge of their organisations insurance cover, be capable of strongly advocating their claims positions and be prepared to ‘think outside the box’ when it comes to conflict resolution so as to resolve disputed claims in a timely and cost effective manner and maximise recoveries.
How we can help
We are consistently the ‘go-to’ firm for our clients’ complex, high-value and strategically significant insurance coverage and claims matters across a broad range of sectors, with a particular focus on directors and officers' liability, professional indemnity, cyber, industrial special risks & business interruption, property, public liability, construction all-risks and warranty & indemnity insurance.
We regularly advise clients on the terms of their insurance programs. We also have a demonstrated track record in achieving successful outcomes for our clients in the pursuit of claims and the resolution of contested indemnity disputes.
With experience acting for both policy holders and insurers, we have considerable insight into the way in which both sides of the ‘insurance industry divide’ approach the resolution of their insurance disputes, and we bring that expertise to bear in our approach.
We also have a deep understanding of the regulatory and legislative environment in which both our insurer and insured clients operate.
We have access to market-leading experts across legal practice areas to ensure the appropriate knowledge and skills are applied to the successful resolution of claims.