PROPERTY AND BUSINESS INTERRUPTION INSURANCE
- Acting for reinsurers on multi jurisdictional issues arising from All Risks Property Insurance Programme of major steel plant in largest South American business interruption losses, settled for over US$500 million, arising from the collapse of dust collector.
- Advising several policyholders, such as national electrical equipment retailers, R&D biotech laboratories and care providers, in relation to potential business interruption policy claims arising out of Covid-19 restrictions.
- Acting in US$200m international arbitration on behalf of London reinsurers relating to contingent Business Interruption Insurance losses arising from damage to supplier of major steel plant in South America.
- Acting for London reinsurers in reinsurance arbitration arising from Property Insurance Programme of major multinational pharmaceutical manufacturer relating to business interruption losses due to fire to warehouse.
- Acting for reinsurers in relation to Business Interruption policy international arbitration claim arising from damage to conveyer belts used by mineral exporters, advising on aggregation issues and claims cooperation clause.
- Acting for London reinsurers in Machinery and Equipment reinsurance dispute in Latin American property damage, loss of profits and liability risks.
- Acting for London reinsurers multi million US dollars subrogation claim by terminal user against terminal owner for loss of profits arising from warehouse fire.