Our Insurance & Risk practice provides legal advice on insurance law and risk management to corporate Australia, government and the insurance industry on both contentious and non-contentious matters. We cover all areas of complex insurance, risk and dispute resolution providing a holistic approach with national coverage across Australia.
The team is highly regarded nationally and internationally both by its peers and the insurance industry and our partners are considered to be amongst Australia's leading experts on insurance law. They are at the forefront of developments in the industry, meaning that we provide proactive, forward-thinking advice that deals not only with current risks but helps clients prepare and adapt to changes in the market and economic climate.
We provide solutions on both contentious and non contentious issues in the following areas:
Clients who have difficult insurance and liability risk issues look to us for practical solutions and we are the team of choice for many blue chip corporations and leading financial institutions when faced with insurance and risk concerns. We understand the challenges and the complex legal environment confronting our corporate clients. We advise on:
- placement and policy response over a broad range of insurance covers
- Directors' & Officers' (D&O) insurance issues
- risk management and due diligence advice
- policy interpretation and placement issues
- contractual issues
- complex claims litigation and dispute resolution
We undertake commercial work for the insurance industry (insurers and reinsurers) that includes:
- product development
- distribution including MGA agreements
- policy building and vetting
- contracts of insurance and reinsurance
- product disclosure statements
- solvent schemes of arrangement and portfolio transfers
- regulatory and compliance requirements
In addition to working with government agencies and corporations on insurance and indemnity coverage, contractual liability and risk allocation, defence of liability litigation, advice on civil liability reform and conduct of prosecutions and insurance and reinsurance claims, our team has advised on a wide range of insurance law reform and policy implementation issues. These include the HIH policy holder relief scheme, the Commonwealth's Terrorism Insurance Act and the establishment of the Australian Reinsurance Pool Corporation, the implementation of the Financial Services Reform provisions of the Corporations Act and the review of the Insurance Contracts Act.