Insurance in Thailand

Baker McKenzie is active in the life and non-life insurance industries, advising insurers, reinsurers and financial institutions on regulatory and compliance issues, asset management and insurance portfolios. The team is jointly headed by Sivapong Viriyabusaya, the principal practitioner working on insurtech, regulatory issues and insurance M&A, and Sorachon Boonsong, an 'experienced' practitioner noted for 'understanding how the regulators think'. Ampika Kumar has worked on M&A, corporate restructuring and commercial contracts in the insurance sector, and the 'hard working' Sumet  Orsirivikorn is noted for handling reinsurance arrangements with insurance agents and brokers. Senior associate Amnart Pitakgorn works on regulatory matters, insurtech and reinsurance arrangements.

Practice head(s):

Sorachon Boonsong; Sivapong Viriyabusaya

Other key lawyers:

Ampika Kumar; Sumet Orsirivikorn; Amnart Pitakgorn

Testimonials

‘Friendly and knowledgeable team and good partner engagement. A great team.’ 

‘Sorachon Boonsong is experienced and understands how the regulators think.’

‘Extensive knowledge in Thai insurance industry, able to understand our complexity. Have a network with both insurers and the Office Insurance Commission.’

DLA Piper (Thailand) Limited is well-versed in complex claims work, insurance coverage and regulatory and compliance work in the insurance sector. Litigator and practice head Peter Shelford has deep experience in insurance and reinsurance disputes; he continues to advise Htoo Group and its insurers on public liability claims arising from a fire at Kandawgyi Palace Hotel. Don Rojanapenkul is another key practitioner, specialising in insurance claims in the construction, retail and energy sectors. Senior consultant Robert Tang is experienced in regulatory insurance matters as well as property insurance and liability claims.

Practice head(s):

Peter Shelford

Other key lawyers:

Don Rojanapenkul; Robert Tang

Testimonials

‘Excellent knowledge on insurance coverage and an ability to turnaround advice quickly.’

‘Peter Shelford has strong connections with reinsurers.’

‘Goto firm for insurance in Thailand and South East Asia. Stellar team with good depth of resources in associate ranks. Very highly regarded in the industry for both claims and regulatory work.’

‘Peter Shelford  is one of the leading lawyers in Thailand and Asia for insurance. He has a tremendous reputation and is well regarded for his insurance expertise and connections.’

‘Robert Tang has developed a reputation in the market for his commercial and technical advice on claims in Thailand and the region. He is exceptionally responsive. His understanding of the market is second to none and he has great connections.’

Key clients

AIG

Allianz C.P. General Insurance Co., Ltd.

Allied World

Deves Insurance

FM Insurance Co

Crawford & Company Adjusters (UK)

Generali Group

Golden Arches Insurance DAC

Tokio Marine

Work highlights

  • Representing Thaisri Insurance and the captive insurers in a recovery subrogation action against multiple parties arising out of a fire at a warehouse.

Watson Farley & Williams (Thailand) Limited leverages its expertise in corporate work and litigation to provide a range of services to local and international insurers, reinsurers and brokers. The practice is led by Alan Polivnick, who handles insurance disputes and also advises on a variety of regulatory. Expert litigator Kay Kian Tan is also noted for his expertise in insurance and reinsurance disputes, where he acts for major international players such as AIG. Tossaporn  Sumpiputtanadacha is also recommended for insurance disputes.

Practice head(s):

Alan Polivnick; Kay Kian Tan

Other key lawyers:

Tossaporn Sumpiputtanadacha

Key clients

AIG Insurance

Falcon Insurance

Kennedys has a strong reputation of insurance worldwide, and its Thai practice group is regularly involved in reinsurance coverage matters, subrogated actions and insurance disputes. The team is jointly led by Suraphon Rittipongchusit, who is particularly well known for his work on Thai insurance disputes, and Ian Johnston, who has particular experience of insurance and reinsurance matters in the energy sector, covering both conventional and renewable work. Senior associate Sorawat Wongkaweepairot has also handled insurance claims in the engineering, construction and energy sectors.

 

Practice head(s):

Suraphon Rittipongchusit; Ian Johnston

Testimonials

‘The Kennedys team are always very quick to respond to a new matter and on hand to provide advice, whether formally or informally, on insurance related cases.’

‘They are friendly, approachable, and technically excellent which ensures a good working relationship.’

Key clients

SouthEast Insurance

Allianz Global Corporate Solutions

MSIG

Bangkok Insurance

Chubb Samaggi Insurance

Work highlights

  • Providing coverage advice to an international reinsurer on a claim for damage to four gas turbines in a plant in Qatar.
  • Advising a London based insurer on coverage relating to Construction All Risks policy claims relating to the collapse of a wind turbine nacelle.
  • Advising the Singapore office of a European reinsurer in relation to a gas turbine breakdown with a business interruption claim.

Tilleke & Gibbins' practice group handles a range of contentious and non-contentious issues for insurers, reinsurers, brokers and employers. Pactice head Athistha Chitranukroh advises on risk assessment, compliance and insurtech matters, and recently acted for AIG in relation to a $870m reinsurance placement for a dam in Laos. Ittirote Klinboon heads the contentious insurance practice and has a strong track record of acting for multinational insurers and reinsurers in the Thai courts.

Practice head(s):

Athistha Chitranukroh

Other key lawyers:

Ittirote Klinboon

Testimonials

Tilleke & Gibbins team  is made up of insurance specialists that serve South Asia , not just Thailand. The main strength is the synergy that their contentious team and non-contentious team work as ‘one’ team – very customer centric – they act as one-stop shop for international and local insurers for Thailand and other SEA jurisdictions.’

‘TG’s team has people that actually came from the industry, uniquely understanding the local market, and regional markets, strong connection with local insurance regulator (OIC), as well as the supervising authority – the Ministry of Finance. TG’s team communicates to their clients, us, even the laws are still at a very early stage.’

‘The team is led by Athistha who is one of the key reasons why FWD and other market leaders move from other firms to TG. Our legal team knows her personally since she was a group general counsel for an international insurer in Thailand.’

‘Athistha is the only insurance lawyer that actually came from the local insurance industry. She truly understand insurance and market practice – not just the law. She has a ‘super’ strong connection with the OIC and the insurance associations. She is fast, responsive with strong commercial mind.’

‘Athistha is very knowledgeable on the laws of Thailand and also offers practical and commercially-sound advice.’

Key clients

AIG

Tokio Marine

Zurich

ThaiRe Life Assurance

FWD Life Insurance

Work highlights

  • Representing the insurers of LF Logistics, Zurich Insurance Group and Thai Sri Insurance, in a matter involving a fire at a warehouse in Samut Praken, Thailand.
  • Advising Navigators Syndicate 1221 in a matter involving a lawsuit filed by the Electricity Generating Authority of Thailand regarding claims of damage to a power generator.
  • Representing RSA, a UK based insurer, to defend various cargo liability claims brought against it regarding wine not delivered to China and the alleged financial losses from this.
  • Advised AIG and other lenders in connection with a $40m loan to and credit agreement and security documents with JH Global Holdings as the borrower.