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RPC

TOWER BRIDGE HOUSE, ST KATHARINE'S WAY, LONDON, E1W 1AA, ENGLAND
Tel:
Work 020 3060 6000
Fax:
Fax 020 3060 7000
DX:
600 LONDON CITY
Email:
Web:
www.rpc.co.uk

Naomi Vary

Tel:
Work 020 3060 6522
Email:
RPC

Work Department

Insurance

Position

Partner. Naomi Vary specialises in resolving political risk and trade credit disputes. She is a leading lawyer in the field of political risk, trade credit, political violence and standalone terrorism insurance. She advises London and overseas insurers and reinsurers on a wide range of matters, predominantly involving coverage disputes, but also relating to wordings advice and recovery actions following claims.

In addition to her specialist area, Naomi has experience in claims involving most major classes of loss, including contingency and bloodstock.

Naomi has worked on political risk and trade credit cases originating from numerous jurisdictions. Her experience includes working on political risk cases involving claims for expropriation, embargo, licence cancellation and selective discrimination, and trade credit claims involving commodity trading and bank lending.

Career

Trained at Herbert Smith, qualified in 1997. Associate at Herbert Smith until May 2002; June 2002-December 2016 Clyde & Co (Associate then legal director); February 2017-December 2017 Partner, Sedgwick; January 2018 to date, Partner at RPC.

Education

Downing College, Cambridge: Natural Sciences 1989-1992 (first class degree); 1992-1993 Downing College Cambridge Law IB (first class); 1993-1994 Guildford College of Law (Distinction).


London: Insurance

Insurance and reinsurance litigation

Within: Insurance and reinsurance litigation

‚ÄėA pre-eminent insurance litigation firm‚Äô, RPC¬†has a reputation for contentious insurance work in the financial lines, international property and power generation and energy sectors, areas in which it receives increasing numbers of instructions. The team is also investing in new sectors, having recently hired Naomi Vary, who specialises in trade credit and political risk insurance, from Sedgwick, Detert, Moran and Arnold LLP. Karen Morrish¬†also joined from Sedgwick, Detert, Moran and Arnold LLP, while¬†Toby Higginson¬†and Toby Savage¬†were promoted to partner. The team, headed by Simon Laird, also includes¬†energy insurance market expert Gary Walkling,¬†and is known for its ‚Äėexcellent personnel and very capable and effective resources' and for¬†'providing a quality service‚Äô. The practice also has significant capability in the cyber risks field and has developed a cyber incident response service called ReSecure. The team acts for some of the major insurers, London market companies and global composites, including AIG, Liberty, AXA CS, XL Catlin and Aviva. Recent highlights include Simon Goldring¬†applying for a declaration, on behalf of AXA CS, that the English court does not have jurisdiction over XL's claim for double insurance against it, and¬†Leigh Williams¬†acting for WR Berkley Insurance and Lancashire Insurance Company in the high-profile case of¬†Single Buoy Moorings Inc v Aspen Insurance UK & Ors. The latter represents the largest single asset insurance claim that has ever been litigated in the UK and one of the largest contested insurance claims brought in any jurisdiction.

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Legal Developments by:
RPC

  • Cancelling insurance: insolvency and downgrade clauses

    One of the most common concerns for both parties to an insurance contract (including reinsurance) is that the other party might become insolvent and unable to perform its obligations under the contract. Both insurer and insured will therefore wish to have the right to cancel the insurance mid-term in the event of the other party’s insolvency, or a change in its financial circumstances that makes its insolvency a more likely prospect in the near future.
    - Reynolds Porter Chamberlain LLP

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