Insurance in Hong Kong

Clyde & Co LLP

Simon McConnell leads the insurance practice at Clyde & Co LLP which counts brokers, insurers, financial institutions, as well as their professionals, as clients, and has expertise in advising on product, motor and aviation liability matters, distribution agreements, M&As, and regulatory issues, to name a few areas. Patrick Perry is very experienced in construction insurance, and senior associate Gillian Morrissey has expertise in corporate and regulatory insurance matters. In 2019 Peter Coles joined from HFW.

Practice head(s):

Simon McConnell

Other key lawyers:

Patrick Perry; Gillian Morrissey

Kennedys

Kennedys is widely recognised for its strength in both non-contentious and contentious insurance matters. In the case of the former, corporate work dominates the team's workload, including transactions; regarding the latter, construction accidents and healthcare claims have been prominent of late. Rupert Skrine, Richard Bates and Meiling Yip share leadership of the practice. Joanie Ko is a key contact for financial-related insurance work.

Practice head(s):

Rupert Skrine; Richard Bates; Meiling Yip

Other key lawyers:

Joanie Ko

Key clients

AIG

Allianz

Prudential

MSIG

Mayer Brown

The team at Mayer Brown has been kept busy handling high-value transactional mandates alongside contentious work, predominantly claims resulting from high-profile motor and construction fatalities. The key contacts are insurance litigator Angela YimTow Lu Lim, who has expertise in handling warranty and indemnity insurance disputes, and Marina Fung, who handles motor and product liability work.

Practice head(s):

Angela Yim

Other key lawyers:

Tow Lu Lim; Marina Fung

Key clients

DUAL Asia

Medix

Hartford Financial Services Group

Peak Reinsurance

Work highlights

  • Advising the motor vehicle insurers of Citybus in respect of claims arising from a motor accident, resulting in two fatalities and a number of injuries.
  • Representing the Employees’ Compensation insurers of HK Electric in a recovery action issued against the Director of the Marine Department and the shipbuilder of Lamma IV relating to compensation and damages paid to victims and dependants arising from the 2012 Lamma Island ferry collision, reported as Hong Kong’s worst maritime accident since 1971.

Debevoise & Plimpton LLP

Debevoise & Plimpton LLP has 'detailed knowledge of the insurance market' and houses a team which provides 'commercial and practical advice', particularly on high-value M&A transactions. The 'approachable' Edwin Northover leads the practice. Associate Jan Buschmann is very experienced in reinsurance matters.

Practice head(s):

Edwin Northover

Other key lawyers:

Jan Buschmann

Key clients

AIA

AXA

Resolution Group

AIG

Work highlights

  • Assisted AIA with its $500m investment in online healthcare services firm WeDoctor, including establishing the client as WeDoctor’s preferred provider of life and health insurance.
  • Assisted AIA with its acquisition of the Commonwealth Bank of Australia (CBA)’s life insurance business, and the CBA’s life and health insurance businesses in New Zealand.
  • Advised AIG on the multimillion-dollar sale of its remaining stake in the People’s Insurance Company of China (PICC).

Howse Williams

Professional indemnity defence work is a core strength of Howse Williams’ practice. In this space, the team assists indemnity providers and insurers for a broad client base in Hong Kong, and has particular expertise in the healthcare sector, for example advising a range of medical professionals and entities on drug liability claims and the import and distribution of pharmaceutical products. The group is also well known for assisting brokers, underwriters and intermediaries with a broad range of insurance and reinsurance matters. Chris Howse is the name to note.

Practice head(s):

Chris Howse; David Coogans; Michael Withington; David Kan

RPC

Antony Sassi heads up the practice at RPC, which is defending BDO against claims brought by timber company Sino-Forest alleging negligence by the client during the course of audits of the group's financial statements, resulting in alleged monetary loss. Senior consultant David Smyth and Carmel Green are key names.

Practice head(s):

Antony Sassi

Other key lawyers:

David Smyth; Carmel Green

Key clients

AIG

Allianz

Chubb

Generali

QBE

Zurich

Work highlights

  • Acting for KPMG in proceedings brought by the liquidators of a US-listed medical technology company, concerning audit papers for China-based entities which collapsed after alleged management fraud.
  • Advising an international insurance company on handling a cyber breach attack where bitcoins were demanded as ransom.
  • Representing insured directors and firms in SFC regulatory investigations.

Baker McKenzie

Recent highlights from Baker McKenzie include advising MetLife on the sale of its Hong Kong life insurance business to FWD Management; practice head Martin Tam led on this matter.

Practice head(s):

Martin Tam

Key clients

Allianz

Deacons

The insurance team at Deacons is known for handling contentious insurance work for a client base of international and domestic insurers and reinsurers, governmental entities and prominent names from a range of sectors. Instructions include occupiers’ liability matters, employee compensation claims, public liability and catastrophic injuries. Alfred Tam leads the department.

Practice head(s):

Alfred Tam

Ince

Ince's practice is well known for its niche expertise in marine insurance; reinsurance mandates also feature in the team's workload. Kelvin Lee, who leads the firm's North Asia insurance and reinsurance practice, heads up the group: his key speciality is handling coverage disputes concerning marine cargo and marine hull policies, and he is equally adept at cases regarding machinery breakdown. Lee also represents brokers and insurers in non-contentious matters. Regulatory specialist Rosita Lau is 'meticulous, hands-on and hardworking'.

Practice head(s):

Kelvin Lee

Other key lawyers:

Rosita Lau

Key clients

AXA

Zurich Insurance

China Taiping Insurance

Norton Rose Fulbright

Norton Rose Fulbright's 'very responsive and commercial' team counts high-value cross-border transactions and M&As as core strengths, and have been particularly busy advising on cases involving warranty and indemnity matters. Emma de Ronde and James Parker share leadership of the practice.

Practice head(s):

Emma de Ronde; James Parker

Testimonials

Norton Rose Fulbright display comprehensive expertise across the insurance sector, with strong bench-strength‘.

Key clients

Chubb

Fusion Specialty

AXA

Allied World

Hyperion Insurance Group

Work highlights

  • Represented insurance provider Fusion Specialty as underwriter of a buy-side transactional insurance policy regarding a $212m acquisition of a US-based biotech/healthcare company; this marked Fusion’s entry into the Asian market.
  • Advised Chubb Insurance Singapore on a buy-side warranty and indemnity insurance policy regarding Alpha Investment Partners’ acquisition of Singapore-incorporated property holding SPVs.

DLA Piper

The 'very client-oriented' team at DLA Piper is very active in transactional work, including joint ventures, M&A matters, and investments, and also advises on insurance regulatory issues. Heng Loong Cheong shares leadership of the practice with Shanghai-based Roy ChanPeter Shelford in Bangkok and John Goulios in Singapore.

Practice head(s):

Heng Loong Cheong; Roy Chan; Peter Shelford; John Goulios

Key clients

ACE Life Insurance

Aviva

Aetna

CVS Health

Ping An Insurance

China Life Insurance

Ironshore Insurance

Work highlights

  • Advised CVS Health and Aetna on the changes to the regulatory control approval processes in non-US jurisdictions (where Aetna provides health insurance) following the merger of the two companies.  
  • Advised Aflac on its $20m minority equity investment in life insurance company Singapore Life.

Herbert Smith Freehills

Herbert Smith Freehills has particular strength in contentious insurance mandates, although the practice is equally adept at handling transactional matters, including capital markets, M&A, and joint ventures. Regulatory issues are another main area of expertise for the group. Gareth Thomas and Tommy Tong  lead the practice.

Practice head(s):

Gareth Thomas; Tommy Tong

Hogan Lovells

Tim Fletcher and litigation specialist Mark Lin lead Hogan Lovells' insurance team, which has been kept busy handling, among other mandates, domestic and international life insurance portfolio transfers, regulatory matters, and insurance financing transactions.

Practice head(s):

Tim Fletcher; Mark Lin

Reed Smith Richards Butler

Asha Sharma is the key contact at Reed Smith Richards Butler, which is very experienced in handling insurance-related litigation, including professional negligence claims. Shipping-related insurance litigation is another area of expertise for the group.

Practice head(s):

Asha Sharma