The firm’s well-recognized insurance and reinsurance practice has developed over 50 years. The firm acts for insurance and re-insurance companies and various syndicates at Lloyds. The firm has , through its experience, first-hand knowledge on diverse insurance and reinsurance policies such as marine, loss of profile, material damage and erection policies, terrorist activity, hull and machinery, all risk cargo policies, war risk policies etc.
Insurance
The firm routinely acts for national and international underwriters in litigious matters where claims, amongst other things, relate to marine accidents, loss of profit, material damage, erection policies, personal accident policies etc. The firm also provides regulatory advice to global insurance companies interested in introducing worldwide products in India through joint ventures or subsidiaries. The firm has a broad marine insurance practice with a rich understanding of issues of conflict of laws and jurisdiction, allowing it to successfully handle an array of complex and standard disputes relating to Marine Insurance Policies, H&M policies, P&I issues and FD&D matters on behalf of clients at home and abroad.
The firm’s insurance practice has the distinction for negotiating and finalizing the first ever insurance transaction in India which insured the risk of the seller failing to make good on its representations and warranties. The underlying transaction involved a multi-million dollar acquisition of a hotel.
Reinsurance
The firm’s reputable dispute resolution’s team provides skillful representation to reinsurance companies in relation to their India risk. The firm’s well established reinsurance practice has allowed it to work with reinsurance companies in respect of the business they reinsure in the Indian market while also advising foreign players on Indian aspects of their reinsurance transactions.