Categories

Insurance Team of the Year

This award recognises the team that has handled innovative work and has attracted the most impressive instructions of the year in this constantly changing sector. We welcome submissions highlighting one example taken from a variety of work, including standout transactions, disputes and arbitration, as well as regulatory issues.

Previous Winners / Nominees

Winner

Herbert Smith Freehills

Alex Oddy

Representing Single Buoy Moorings in a dispute over the decommissioned Yme platform in the Norwegian North Sea, the largest insurance case in the English courts in a decade. HSF recovered approximately $390m for clients SBM.

Nominee

Stephenson Harwood HIGHLY COMMENDED

Simon Moore

Securing a Supreme Court victory on behalf of the insurers in the headline B Atlantic case, a long-running dispute over a marine war risks insurance policy. The victory brings greater certainty to the insurance market that exclusion clauses will be fairly applied and that drug smuggling is not a war risk.

Nominee

AIG/Freshfields Bruckhaus Deringer

Chris Newby, George Swan

In-house legal team and external adviser combined to investigate alternative structures for AIG to service its policyholders following Brexit and to ensure that its London-based European operation was not stranded by the loss of passporting. The new structure involved the first combined Part VII insurance business transfer and outbound EU cross-border merger in legal history.

Nominee

CMS Cameron McKenna Nabarro Olswang

Simon Kilgour

Advising NORECO on its $1.9bn acquisition of Shell’s interests in the Danish Underground Consortium, CMS explored the use of surety and credit insurance to deal with exposure to catastrophic events and the risks associated with being part of the joint venture. The eventual bespoke insurance product enabled the transaction to move forward.

Nominee

DAC Beachcroft

Jade Kowalski

Advising Lloyds Market Association and the Association of British Insurers on the drafting, negotiating and finalising of an addition to the Data Protection Bill, enabling the insurance industry to process special categories of personal data and information relating to criminal convictions, while complying with GDPR.

Nominee

Slaughter and May

Jonathan Marks

Advising Standard Life Aberdeen on the £3.24bn sale of its UK and European insurance business to Phoenix Group – the largest insurance deal in the UK in 2018. The transaction was challenging due to preparations for Brexit, an FCA investigation into sales of enhanced annuities and Lloyds Banking Group reportedly ending its investment management arrangements with Standard Life.


© 2019 Legalease Ltd. All rights reserved
Registered company in England & Wales No. 2427356 VAT 321572722
Registered address: 188 Fleet Street, London, EC4A 2AG