Insurance: foreign firms in Singapore

Clyde & Co Clasis Singapore

At insurance focused Clyde & Co Clasis Singapore, the group has expertise in contentious and non-contentious work for an impressive array of global insurers. On the advisory front, the group assists with coverage and regulatory issues, as well as corporate transactions in the insurance sector. In terms of claims defence, areas of particular specialism include financial lines, credit risk, real estate and energy insurance, marine and aviation insurance. Managing partner Ian Roberts leads the non-marine insurance practice and is an experience commercial litigator; while Ik Wei Chong heads the marine insurance group with expertise in policy issues and defending claims. Peter Coles is the leader of the aviation practice in APAC, which includes aviation insurance matters. Nicholas Sykes is the name to note for property and energy insurance work.

Practice head(s):

Ian Roberts

Other key lawyers:

Ik Wei Chong; Peter Coles; Nicholas Sykes; Thomas Choo; Vanessa Lim

Key clients

Arthur J. Gallagher (Singapore) Pte Ltd

Arthur J. Gallagher & Co

Charles Monat Associates Pte Ltd

Work highlights

  • Advising the crew of LAI BAO and Lodestar Marine Limited in respect of claims against the owners of the vessel. Lodestar Marine Limited’s claim is for the 4 months wages that were paid out to the crew and the crew’s claim is for all remaining unpaid wages (beyond the 4 months paid by Lodestar Marine Limited).
  • Advising the Arthur J. Gallagher companies (“AJG”) and persons employed by AJG in proceedings commenced by a reinsurance brokerage firm in the High Court of Singapore. The dispute concerns an alleged conspiracy between AJG and three of its current employees, who were formerly employed by AJG.
  • Advising Charles Monat Associates Pte Ltd in a potential dispute in relation to non-competition obligations owed by prospective employees to their former employer.

Kennedys Legal Solutions

Global insurance sector-oriented firm Kennedys Legal Solutions stands out for representing multinational and local insurance companies in a variety of high-value claims in Singapore, as well as advising on capital, operational and regulatory issues related to running an insurance business in the jurisdiction. Julian Wallace  heads the team, co-ordinating work across the Asia Pacific region, with expertise in corporate insurance issues. Peng Lim, global head of the aviation practice, has significant experience in catastrophic aviation loss cases and is ably supported by Anita Quy.

Practice head(s):

Julian Wallace

Other key lawyers:

Peng Lim; Anita Quy; Patrick Yeo; Hui Ying Lim

Testimonials

‘Kennedys aviation team in the Asia Pacific is the leading aviation regional practice. Peng Lim and her team (specifically Anita Quy) have a combined regional expertise which far exceeds the other firms. ’

‘Peng Lim and Anita Quy, extensive regional experience and knowledge and understanding of social and economic factors.’

Key clients

MSIG

HDI Global

Allied World Assurance Company / AWAC

Work highlights

  • Acting for Reinsurers in relation to the collapse of a EUR 90 million crane during installation/testing at the shipyard on an offshore installation vessel.
  • Advising Maritime Labour Convention Underwriters on dealing with issues arising from the abandonment of over 200 crew by owners of the cruise ship Oriental Dragon and its subsequent arrest in Penang, Malaysia.

DLA Piper

DLA Piper‘s team handles all aspects of insurance work, including coverage issues, claims, regulatory compliance and insurance-industry corporate transactions. On the contentious front, areas of expertise include property, casualty, energy, construction and political risk claims, as well as cyber liability matters. John Goulios , co-chair of the firm’s insurance sector group, leads the team with a strong track-record in insurance disputes, as does senior associate Andrew Robinson.

Practice head(s):

John Goulios

Other key lawyers:

Andrew Robinson

Testimonials

Their lawyers are familiar with the insurance industry. Their advices are clear, professional and deliver on timely basis.’

Our company usually work with John Goulios. He is very experienced with insurance and claims matters. His advice is very detailed, clear and professional.’

Key clients

AIG

Partner Reinsurance Asia Pte Ltd

Swiss Re International SE

Allianz SE Reinsurance Munich

Allianz Global Corporate & Specialty SE.

Chubb Insurance Singapore Ltd

Liberty Specialty Markets Pte Ltd

Brit Syndicates Limited

Marsh & McLennan Companies Inc.

Liberty Mutual

Aetna

Aflac Incorporated

AON

Generali

Chubb

Zurich

Allied World

Work highlights

  • Advising insurers and reinsurers, including Swiss Re International SE, Brit Syndicates Limited, Tokyo Marine Kiln, Allianz SE Reinsurance Munich, on numerous Covid-19 insurance and reinsurance claims.
  • Acting on behalf of joint liability reinsurers, AIG Asia Pacific Insurance Pte Ltd, Chubb Insurance Singapore Ltd, Liberty Specialty Markets Pte Ltd, in respect of covering losses arising from a large-scale explosion and fire at a large-scale industrial petrochemical complex in Korea.
  • Acting as underwriter’s counsel and advising the client on nine individual catastrophe bonds deals (insurance-linked security transactions) through Singapore special purpose vehicles, covering hurricane and earthquake risks in the US.

HFW Singapore LLP

Clients rate the insurance team at HFW Singapore LLP as ‘extremely effective and completely dependable‘. The group focuses on aviation and shipping insurance, advising numerous national flag airlines and global shipping companies on their policies and claims. Mert Hifzi heads the APAC aerospace practice group, with extensive recent experience in representing airlines in accident claims, alongside Kate Seaton . Toby Stephens  is the APAC head of the admiralty and crisis management team, which includes insurance work.

Practice head(s):

Mert Hifzi; Toby Stephens

Other key lawyers:

Kate Seaton; Terence Liew

Testimonials

The Insurance team at HFW including Mert Hifzi and Kate Seaton are very impressive, extremely effective and completely dependable! have known and worked with them for many years and always enjoyed the collaboration!’

Mert Hifzi and Kate Seaton are all extremely well known within the profession and are great problem solvers and very effective lawyers.’

Great team with depth of local and international knowledge and experience.’

Mert Hifzi – Expert in the field and able to balance the requirements of insurers and clients alike. Highly knowledgeable and the go to man for aviation in the region.’

This team is just out of this world with strengths of precise professional advice and extremely legally capable to handle cases with extreme expertise, knowledge of local culture, law and display their keenest interest to the requirement of today`s case.’

They have a shrewd attitude with fullest positive energy to handle all legal cases or disputes with details of the applicable laws, regulations and case law of any nations. They deliberate with a very high standard of professionalism as lawyers in dealing with their customers (ie, both & foreigners) to ensure the best of their customer`s interest is protected in accordance with the applicable law that is in diversity and collaborations.’

Integrity, Honesty, Right Attitude of work, Knowledgeable with subject experts, Professional with compassion, love and humanity, even nature, good listener and very articulated, handle one with care and a true ideal of a lawyer. I would say this particular individual, who stand out among the crowd of lawyers, would be Mr. Terence Liew.’

Morrison Foerster (Singapore)

The team at Morrison & Foerster (Singapore) LLP has developed a strong reputation for insurance sector M&A transactions across Asia, alongside expertise in warranty and indemnity, and transactional risk insurance; areas of expertise for Maria Steeples. Heading the department is corporate transactional lawyer Shirin Tang.

Practice head(s):

Shirin Tang

Other key lawyers:

Craig Celniker; Maria Steeples; Mark Tay

Testimonials

‘The team has unparalleled expertise in our specialty area (warranty and indemnity insurance), largely driven by 10+ years of experience from special counsel Maria Steeples. The team is standout in terms of commerciality, responsiveness and collaboration. ’

‘Maria Steeples, special counsel, is the go-to legal advisor of choice for warranty and indemnity insurance – not only by our team, but by our competitors as well. Maria has over 10+ years of experience in our product and across M&A deals in so many Asia jurisdictions. She is very commercial, always responsive, and goes above and beyond to deliver exceptional service and tailored advice.’

‘For the past several years, we have been working with MoFo team upon underwriting warranty and indemnity insurance for M&A deals in APAC whose targets are domiciled in jurisdictions such as Singapore, Malaysia, Japan, Korea, PRC etc. We are grateful to their very professional approach and deep understanding to what insurers would require upon W&I insurance underwriting. This is not quite the same as what buyers or sellers would expect from their legal advisors. ’

‘Maria Steeples. I would not hesitate to describe her as an outstanding superstar in this area. Her detailed analysis and sound judgment serve as essential guidance at each step in the insurance underwriting process. We also appreciate her very friendly character. ’

‘We work with MoFo in vetting W&I insurance for Indonesian acquisitions. Maria Steeples is the MoFo team.’

‘Maria Steeples is based in Singapore and understands the jurisdictions like Indonesia which make up Southeast Asia. She can do W&I insurance like no one else in the region. She lives and breathes the clauses that are to be negotiated, and she knows how to target the required supporting due diligence so that it is kept efficient. ’

Key clients

AIG Asia Pacific Insurance Pte Ltd

AIG General Insurance Co., Ltd

AIG Insurance Hong Kong Limited

AIG Korea Inc.

AIG Insurance Company China Limited

Beazley Furlonge Limited

Chubb Asia Pacific Pte. Ltd.

Berkshire Hathaway Speciality Insurance

Liberty Global Transaction Solutions

Fusion Speciality Insurance Pty Ltd

Brockwell Capital Limited

Norton Rose Fulbright

At Norton Rose Fulbright, the insurance group focuses on advising international insurance companies with operations in Asia on the spectrum of transactional and regulatory matters with a niche in technology-related issues such as insurtech and cyberbreaches. Anna Tipping  leads the firm's Asia insurance practice, and is well-versed in corporate transactions, working alongside senior associate Dexter Tan.

Practice head(s):

Anna Tipping

Other key lawyers:

Dexter Tan

Key clients

Singlife

TPG Capital Pte Ltd

Standard Chartered Bank

RBS & Natwest

Crédit Agricole Corporate and Investment Bank

Macquarie Bank

BNP Paribas

HSBC

JP Morgan

Nord LB

Commonwealth Bank of Australia

ABN Amro

Asian Infrastructure Investment Bank

Black Sea Trade & Development Bank

AXA

Work highlights

  • Advised on the combination of Singlife with Aviva Singapore for SG$3.2bn (approximately. US$2.4bn).

RPC Premier Law

RPC Premier Law's team provides a full service to international insurer clients operating in Asia, working alongside colleagues in the firm's Hong Kong offices. The group is often instructed to defend claims, in addition to advising on coverage issues and handling recoveries. Areas of particular expertise are property and casualty, marine and energy, cyber and trade credit insurance products. The group is jointly led by Mark Errington, an insurance disputes expert, and marine insurance specialist Iain Anderson. Carmel Green focuses on contentious and non-contentious issues arising from financial insurance lines and professional indemnity matters.

Practice head(s):

Mark Errington; Iain Anderson

Other key lawyers:

Carmel Green; Summer Montague

Testimonials

‘Diverse and very relatable team of lawyers. Team’s strengths include litigation, especially for professional indemnity related work.’