Your challenges
Current market conditions are such that clients are looking at their finances more closely. Was I sold the right product? Was my attitude to risk really all that cavalier? Isn’t there someone to blame? Are you that someone being blamed?
Whether you are a sole practitioner or part of a large IFA network, we have experience of dealing with claims and disciplinary matters (with some members of our staff having worked at the FSA) on behalf of you and your insurers.
For our experience dealing with insurance brokers’ claims please look under brokers.
Achieving your ambitions
Our clients want their cases resolved promptly and cost effectively. Recent examples of our cases include:
- Defending a claim against reinsurance brokers in relation to a circa €2 million claim arising from the placement of a proportional reinsurance contract. A reinsurer sought a declaration from the court that it was not required to indemnify the reinsureds under that contract. The claim was settled after the successful defence of the reinsurer’s application for summary judgment. Click here for the case.
- Resolving a claim against a broker in relation to an alleged failure to promptly notify a claim arising from an assault by a door attendant at a nightclub. By applying loss of a chance principles we were able to achieve a significant reduction in the amount claimed from the broker
- Defending a top 10 Lloyd’s broker, in relation to a circa £10 million claim brought by 22 investors arising out of the placement of four tax indemnity insurance policies for British Film productions
- Acting on behalf of insurers on risk for a broker in a claim brought by the FSA in connection with the broker’s unauthorised activities as underwriting agent for a Greek insurer
- Defending reinsurance brokers in relation to banker's blanket bond business, where the broker was alleged to have failed to stipulate, on behalf of the reinsured client, a choice of law and jurisdiction clause so that the disputes under the reinsurance were determined in a less favourable forum and under less favourable law
The strength you need
With a spread of lawyers across London, Birmingham, Norwich, Manchester and Leeds, we act for around forty Lloyd’s and London market insurers, as well as their insured independent financial advisers. As well as defending claims through the courts, we also have experience of defending claims brought through the Financial Services Ombudsman (FOS) and we can assist in responding to correspondence from the FOS.