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The short answer is “Life, the Universe and Everything”! Although the late Douglas Adams was almost certainly not thinking of this industry when he penned his title, the epigraph certainly applies. Very few industries offer the diversity that is found in the re/insurance world, and it truly is a microcosm of the greater universe – from black holes in space to the spaced-out euphoria of a hole-in-one in golf.
Sometimes, it seems that the only constant in the insurance market is ever increasing change. 2006 has been no exception and the capital markets, the regulators and the rating agencies have been among the main drivers of this change. Legal developments have also been significant.
It is quite a remarkable achievement that Bermuda, which occupies a mere 21 square miles in the middle of the Atlantic, has become the largest captive insurance jurisdiction and even more remarkably the second largest reinsurance centre in the world.
Who’s Who Legal identifies 247 specialists in regulatory, transactional and contentious insurance and reinsurance law from 25 countries. The major markets of London and the US dominate the following pages, with a combined complement of 137 (over 50 per cent of successful nominees). The US alone is home to 38 per cent, with the majority hailing from New York and Chicago.
This chapter identifies 20 lawyers, from 11 firms, with a proven track record representing clients on a wide variety of issues relating to insurance and reinsurance law. The majority practise in Tallahassee, the state capital and centre for regulatory and lobbying activity. A number of these practitioners also concentrate on insurance defence and dispute resolution. They are similar, however, in the regard in which they are held by clients and competitors alike.
The insurance and reinsurance industry in Singapore is inextricably tied to the shipping sector, a fact highlighted by the presence of several lawyers in both chapters. The eight we feature in this chapter are considered to be leading lights when it comes to advising local and international clients on the wide array of issues insurance law touches on. While a number advise both insurers and reinsurers on the drafting of new policies, others work on matters concerning insurance claims and recoveries. This chapter also identifies lawyers with experience representing underwriters, reinsurers, intermediaries and corporate insureds on regulatory and corporate matters.
Our research into the Californian insurance and reinsurance market uncovers 36 individuals from 23 firms.
Research for this chapter uncovers 30 individuals, from 22 firms, with a proven track record representing both policyholders and carriers on the myriad of issues falling under the umbrella of insurance law.
Our research has uncovered nine individuals with a proven track record representing insurance underwriters, reinsurers, intermediaries and corporate insureds in contentious, contractual, regulatory and corporate matters.
Over the years, the insurance industry has played a significant role in shaping Chicago’s physical and economic landscape.
Click on the name of a lawyer below to view their profile. Lawyers shaded in purple have professional biographies in one or more practice areas.