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Insurance

At FB Attorneys, the legal team is aligned with your unique goals and insurance concerns. Our lawyers’ understanding of the insurance/reinsurance markets and their respective applicable regulatory frameworks,  allows our team to continually provide an innovative service that is geared towards commercial markets.

The breadth of our clientele base includes major insurance and reinsurance companies, local and overseas brokers, accountants, insurance agents, captives, financial and investment service providers, P&I club managers, HMOs, reinsurance intermediaries, state insurance regulators, trade associations, insolvency practitioners, debtors and creditors of insolvent insurers.

We advise on insurance and reinsurance matters including capital and balance sheet management, start-ups, corporate acquisitions and disposals, corporate re-organisation, and regulatory compliance. Based on your requirements and our commercial understanding, the firm’s insurance team will provide the highest level of commitment and quality advice.

Our experience in Insurance

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Consulted for a local company on the applicability of VAT on foreign insurance premiums.

Reviewed various non life insurance policies and cover notes of a leading insurer for compliance with local legislation and ensure that policies are in line with reinsurance treaties.

  • Regularly advised companies on employment, contract, insurance issues including immigration, tax, land and general compliance.
  • Acted for a multinational company on an insurance dispute of USD 35M with a foreign insurer based on CIF.
  • Reviewed reinsurance agreements for normal layered treaties, and facultative reinsurance for a private insurance company.
  • Acted successfully for a client in a USD 20M claims issue against an insurance company.
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