We have acted for both insurers and insureds in a wide variety of claims work, ranging from material damage and business interruption to public liability, directors and officers liability and professional indemnity. We also advise on life insurance, health insurance and reinsurance disputes. Our insurance specialists are part of a broader litigation practice recognised as a market leader in the current editions of a number of leading international legal directories including Chambers Global, The Asia Pacific Legal 500 and Benchmark Asia Pacific.
We have extensive experience in complex commercial transactions involving the insurance sector, including our recent role advising AMI Insurance on the $500 million Crown support package provided to AMI following the Christchurch earthquakes and the sale of AMI’s ongoing insurance business to IAG for $380 million.
We have advised clients on restructuring their insurance business, the transfer of insurance portfolios to other insurers as well as overseas insurers seeking to establish insurance operations in New Zealand.
We regularly advise clients on insurance issues, such as claims management and settlement and policy terms. Our experience also extends to reinsurance, prudential supervision, licensing, and fire service levies.
Our team has significant expertise advising insurers in relation to insurance products, including policy wording. We assisted a major insurer to develop a range of simple, easily understood life insurance policies which were awarded the WriteMark standard for plain English drafting.
We have also advised a number of major insurers on the development of new structured products disclosure documents and are advising a range of insurance clients on the transition to “sum insured” policies.