Insurance
The Insurance Disputes Practice has an enviable record of successfully representing insurers, reinsurers, brokers and insureds in a wide variety matters across all insurance lines including maritime, financial lines, property, insurance defence, insurance recovery, and policy wording and regulatory-related matters. We are one of the few (if not the only) top-tier disputes firms in Singapore with specialist insurance expertise (led by a Senior Counsel) and who are able to act for both insurers and insureds.
We regularly act for, and advise, insurers, reinsurers and insureds in insurance coverage related issues. These include:
Maritime
- Acting for and advising an insurer in a maritime related reinsurance claim against a syndication of reinsurers in relation to their liability to indemnify following the total loss of a vessel.
- Acting for and advising insurers in a maritime related insurance claim under a hull and machinery policy following the total loss of a luxury yacht. The matter involved allegations of fraud and material non-disclosures.
Financial Lines
- Acting for an international insurer in successfully resisting a claim on a US$36 million claim by a local bank under a trade credit insurance policy.
- Acting / advising a leading local bank in claims under various trade credit insurance policies totalling approx. US$200m.
- Acting for a major trade credit insurer in relation to claims against and arising from the collapse of a multinational commodity trader, which is alleged to have carried out fraudulent trading activities.
Property
- Acting for an insurer in a coverage dispute involving an insurance claim in excess of S$200 million for business interruption losses suffered by the portfolio of retail and commercial properties owned by the insured’s group of companies as a result of the restrictions imposed by the authorities following the COVID 19 pandemic.
- Acting for an international chain of luxury hotels in a coverage dispute involving an insurance claim in excess of US$40 million for business interruption losses arising from the restrictions imposed by the authorities following the COVID 19 pandemic.
- Acted for an insurer in a dispute involving a multinational construction company in relation to obligations under a contractors' all risk insurance policy for the construction of an integrated sports, entertainment and lifestyle hub.
Insurance Defence
- Acting for and advising a multinational home appliance manufacturer in a product liability dispute involving defective refrigerators.
- Acting for and advising a Singapore listed construction company in dispute involving a property damage and personal injury covered a public liability insurance policy.
- Acting for and advising an insurance broker in a dispute involving breaches of duties owed to an insured.
Insurance Recovery
We regularly act for and advise insurers and reinsurers in insurance recovery proceedings. These include:
- Acting for and advising insurers in a subrogated claim against a multinational construction company following payment of an indemnity under a construction all risk policy.
- Acted for an advised insurers in various subrogated claims.
- Acted for and advised insurers in various recovery proceedings against various debtors following payment of indemnities under trade credit insurance policies.
Policy Wording and Regulatory Related Matters
- Advising trade credit insurers in relation to insurance regulatory related matters in Singapore.
- Advising an insurtech start-up assisting insurers to transition to risk-based motor insurance through the provision of telematics hardware and software to insurance companies on insurance regulatory related issues.
- Acting for a major trade credit insurer in reviewing and revising the wording contained in its various policies used in Southeast Asia and North Asia.