Reinsurance and Regulatory
Our specialist team in the Sydney office of Wotton + Kearney come from some of the most prestigious law firms in Australia, the United Kingdom and the United States. They have worked on matters across various jurisdictions throughout the world. They have extensive reinsurance, regulatory and "front end" insurance experience. They have advised on various regulatory, compliance and financial services reform issues, provided general corporate and commercial legal advice as well as policy drafting and general contract interpretation and other services tailored to the needs of insurance and reinsurance industry clients.
Our lawyers also have extensive reinsurance experience in a contentious context having acted in landmark reinsurance disputes in both Australia and around the world, including in disputes arising from the collapse of HIH as well as more traditional reinsurance disputes.
In terms of policy and contract drafting, our lawyers draw on their extensive litigation experience (both claims litigation and reinsurance and insurance coverage litigation) to identify and troubleshoot potentially ambiguous policy and contract wordings.
Our lawyers often advise and assist their reinsurance and insurance industry clients in relation to their dealings with APRA and ASIC on a variety of issues.
More recently our lawyers have assisted clients by:
- advising on the application of general insurance prudential standards;
- drafting facultative and treaty reinsurance wordings;
- preparing submissions to government departments on possible regulatory and legislative changes;
- a number of reinsurance coverage and aggregation disputes arising from issues as varied as the liquidation of HIH and the 2009 "Black Saturday" bushfires; and
- assisting with responses to notices and inquiries from regulators.
For more information on Wotton + Kearney's Reinsurance and Regulatory expertise please contact:
catherine.osborne@wottonkearney.com.au
robert.carey@wottonkearney.com.au
matthew.foglia@wottonkearney.com.au