Firms To Watch: Insurance: local firms

Sharpe & Jagger LLC was jointly founded in 2019 by former DLA Piper global co-chair of arbitration Justyn Jagger and commercial lawyer Sam Sharpe from Duane Morris & Selvam LLP. The team is building a reputation for representing corporate policyholders and their insurance brokers in major claims, as well as providing advice on policies.

Insurance: local firms in Singapore

Rajah & Tann Singapore LLP

At Rajah & Tann Singapore LLP, lawyers are well equipped to handle contentious and non-contentious insurance matters, with strong regulatory capabilities, and rights of audience before courts at all levels in Singapore. In terms of disputes, lawyers act for both claimants and insurer clients, with a particular specialism in personal injury and workplace injury cases. The group can also handle asset recovery, investigations and crisis management matters. Non-contentious specialisms include insurance-sector M&A and restructuring. Simon Goh heads the team, and handles contentious and non-contentious matters, as well as regulatory issues. Elaine Tay has developed expertise in property and energy insurance issues, including in relation to coverage issues. Ying Shuang Wang is noted for both regulatory matters and transactional work.

Practice head(s):

Simon Goh

Other key lawyers:

Ying Shuang Wang; Elaine Yan

Testimonials

‘Our firm works closely with Ying Shuang Wang (who is a partner in R&T’s insurance litigation department). She has been excellent to work with – very strong industry knowledge, gives practical advice, and is very responsive. ’

Rahah & Tann clearly work as a team in a coordinated and efficient way. It is possible to work through one person knowing that they will organize themselves efficiently and effectively to deliver a premium experience to their clients.’

I have worked directly with  Ying Shuang Wang who is always responsive, thoughtful and pragmatic in her advice and approach. She is client focused, often supporting us on short notice and at awkward times of the day. She is not afraid to take a view in ambiguous situations and draws on her and her colleagues experience in framing her advice.’

The team has strong insurance expertise and knowledge and given that they advise many insurers in the market, can share real industry related knowledge and examples too.’

Ying Shuang Wang is an excellent lawyer, knowledgeable and capable.’

Key clients

Prudential Assurance Co Singapore

Hannover Reinsuance

Swiss Reinsurance

MS Amlin

Aon plc

China Taiping Insurance (Singapore) Pte Ltd

AIG Insurance (Singapore) Pte Ltd

United Overseas Insurance Limited

Liberty Speciality Markets Singapore Pte Limited

Great Eastern Life Assurance Co Ltd

Work highlights

  • Acted as Singapore deal counsel to MS Amlin in a historical Asia Pacific focused Insurance-Linked Securities (ILS) transaction.
  • Advising a multilateral organisation on the legal structure for the South East Asia Disaster Risk Insurance Facility (“SEADRIF”), starting with its first product, a regional catastrophe risk insurance program with Lao PDR, Myanmar and possibly, Cambodia as the initial beneficiary countries.
  • Acted as Singapore deal counsel to Mitsui Sumitomo Insurance on an Insurance-Linked Securities (ILS) transaction – the US$100 million Akibare Re Pte Ltd (Series 2020-1) which closed in March 2020 within a very challenging project timetable to secure in-principle approval from the Monetary Authority of Singapore for a Special Purpose Reinsurance Vehicle (SPRV) licence.

Baker McKenzie Wong & Leow

Baker McKenzie Wong & Leow‘s offering combines regulatory, litigation and compliance expertise to assist insurers with transactional activity, taxation, distribution issues, currency and exchange controls. Utilising the rights of audience granted by the firm’s joint venture with Singapore firm Wong & Leow, the group is active in defending High Court insurance litigation, across the waterfront of claims. The department is led by Stephanie Magnus, who has extensive experience in corporate transactions involving the insurance industry. Nandakumar Ponniya , who leads the disputes practice group, is the name to note for insurance litigation. Associate Darren Yang is an expert in financial services regulation, often handling insurance-related matters.

Practice head(s):

Stephanie Magnus

Other key lawyers:

Nandakumar Ponniya; Darren Yang

Testimonials

‘Stephanie Magnus is very prompt in replying to our queries.’

‘Local expertise and industry knowledge.’

‘Stephanie Magnus has vast and in-depth industry knowledge, and provides practical advice on regulatory issues ’

Good dynamic team, led by experienced Stephanie Magnus.’

Multi-jurisdictional practice with vast practical experience.’

 

Key clients

Allianz Insurance Management Asia Pacific Pte Ltd

Allied World

Aon Insurance Brokers

Axa Life Insurance Singapore Pte.Ltd

IAG Australia

Sompo Japan

Standard Life

Sun Life Financial US

Swiss Reinsurance Company Ltd

Tokio Marine Asia

Dentons Rodyk

Dentons Rodyk has a broad insurance practice that spans claims involving professional malpractice, property, personal injury, directors and officers liability and aviation. In addition to the claims work, lawyers are also called upon for their regulatory expertise in insurance industry corporate transactions, including M&A and capital markets deals. Jointly leading the team are Edric Pan, a veteran of claims defence work for the firm’s high-profile insurer clients; Christopher Chong, who heads the personal injury practice; and Jacqueline Loke, a regulatory expert who supports insurance-industry transactions. Deputy managing partner of the firm Siang Pheng Lek, is a specialist in defending medical-related claims.

Practice head(s):

Edric Pan; Christopher Chong; Jacqueline Loke

Other key lawyers:

Siang Pheng Lek

Testimonials

Medium sized firm with full serviced capabilities.’

Christopher Chong – prompt, highly responsive and accessible, quotes competitively, understands our business concerns and helps us work towards commercially acceptable solutions.’

Key clients

MS First Capital

QBE Insurance (Singapore) Pte Ltd

Lockton Companies (Singapore) Pte Ltd

Chubb

Liberty Insurance

AIG

Sompo Insurance

NTUC Income Insurance Co-operative Limited

Work highlights

  • Acting for MS First Capital and its insured, Certis Cisco, in defence of a claim relating to major damage to overhead fibre and CCTV cabling in the basement loading-bay area of Marina Bay Sands. The damage was caused by impact by a container lorry which had entered the building and which exceeded the relevant height limit for the loading-bay area. MBS brought proceedings against the owners and operators of the lorry (Hoy San), who in turn commenced third party proceedings against Certis Cisco.
  • Acting for QBE Insurance (Singapore) Pte Ltd and its insured (an institute of higher learning in Singapore) in defence of a claim by Extremis (a furniture design company headquartered in Belgium), for alleged breach of intellectual property rights by the insured in the design and fabrication of furniture that has been used on the insured’s campus grounds. Also advised client and its insured on matters relating to indemnity vis-à-vis the architect and the engineer whom the insured engaged to produce the furniture in question.
  • Acting for QBE Insurance (Singapore) Pte Ltd and its insured (a sub-contractor for a Development) in defence of a High Court claim by the MCST of the Development, for the alleged tort of negligence and breach of the duty of care by the insured due to its failure to ensure the proper and satisfactory installation of a rubber expansion joint in a water transfer pump room of the Development. The failure of the water transfer pump joint led to a subsequent leak and the resultant flow of water out from the water transfer pump caused extensive damage to various parts of the Development, inclusive of the lifts. The MCST thus brought a claim against the main contractor and the insured (i.e. the sub-contractor) for this loss and damage.

LVM Law Chambers LLC

Insurance litigation is a core practice for LVM Law Chambers LLC, which acts for domestic and international insurers in a variety of claims, including in relation to public liability policies, industrial all risk policies, professional liability and, an area that saw particular activity in 2020, business interruption policies. Senior counsel Vi Ming Lok is a veteran of the space, with experience in insurance disputes before Singapore courts at all levels, and in international arbitrations. Joseph Lee is another lawyer with significant contentious insurance experience.

Practice head(s):

Joseph Lee; Pak Waltan

Other key lawyers:

Vi Ming Lok; Jonathan Muk

Key clients

MS First Capital Insurance Limited Cycle & Carriage Kia Pte Ltd, Cycle & Carriage Automotive Pte Limited, Diplomat Parts Pte. Limited AIG Asia Pacific Insurance Pte Ltd Yeow Heng Industries Pte Ltd Etiqa Insurance Pte Ltd NTUC Income Insurance Co-operative Limited Swiss Re International SE Singapore Branch QBE Insurance (Singapore) Pte Ltd. MSIG Holdings (Asia) Pte Ltd Tokio Marine Insurance Singapore Ltd Chubb Limited Allied World Assurance Company, Ltd (Singapore Branch) AXA XL

Work highlights

  • Advised MS First Capital Insurance on business interruption insurance and whether the issue of cover under the policy was engaged.
  • Representing Yeow Heng Industries against a tenant for spread of a fire from its leased premises which eventually caused significant damage to an industrial property.
  • Represented Cycle & Carriage Kia, Cycle & Carriage Automotive and Diplomat Parts in commencing pre-action discovery to ascertain cause of damage that caused the insured loss