Insurance & Reinsurance

“Offers considerable insurance expertise in cases involving banking and financial services [….] Its members are adept at handling professional negligence and indemnity claims of some scale, and are also known for their expertise in product liability cases and sophisticated broker disputes. The set also has a prominent practice handling insurance business transfers and other regulatory matters.”

Chambers & Partners UK 2017

3VB has a long history of acting in insurance and reinsurance disputes of all kinds.   Our expertise includes both Court and arbitral Proceedings as well as advisory work.   Our clients include the major insurers, reinsurers and brokers, various Lloyd’s syndicates and Equitas.

Our barristers have been instructed in most of the major insurance and broking disputes of recent years, including film finance, the PA Spiral (losses relating to workers' compensation and personal accident claims) and 9/11, and “credit crunch” related insurance disputes, including acting for the FI/PI and D&O insurers of various banks and other large financial institutions.  We also frequently act in claims by IFAs under their Professional Indemnity insurance, as well as acting in smaller-scale broking and coverage disputes.

3VB’s members’ experience in product liability means we are presently acting in insurance disputes involving PIP Breast Implant claims and lung cancer class actions.  Another high profile case is Federal Mogul Asbestos Personal Injury Trust v Federal Mogul Limited & Others – an asbestos liability case currently valued at £500m.

With considerable expertise in the field of insurance regulation, our barristers frequently act in connection with long term insurance business transfers and also advise both clients and regulators as to what constitutes a contract of insurance, compliance with ICOBs and other aspects of the regulatory regime.  A number of our barristers also have experience of PPI disputes, including appearing in a number of important recent reported cases.

Insurance & Reinsurance