Acted on behalf of a consortium of U.K. reinsurers that provided USD 70 million in political risk insurance to a prominent retail shopping center in Thailand. The plaintiff is claiming payment in damages resulting from an arson attack it suffered during the May 2010 political crisis. The key issue in this case revolves around cause of peril.
Tilleke & Gibbins offers a leading regional practice in insurance law. We understand the insurance industry in Thailand and Vietnam and the needs of multinational corporations operating in our home markets. Through our expertise, we have earned the trust of different types of clients operating in and impacted by the insurance industry, including local and international insurers and reinsurers, brokers and agents, employers and employees, and insureds.
Developed over decades of representing diverse interests, our expertise in the fields of life and non-life insurance is comprehensive in both scope and depth. Our cross-disciplinary team includes local lawyers with an intimate knowledge of local laws and procedures, and international consultants with experience working within global insurance companies in Asia and Europe.
Our non-contentious team provides advice on specific insurance matters in conjunction with commercial transactions, including mergers and acquisitions, regulatory compliance, policy wording advice and drafting, market entry and regional operations, and employment matters.
Our dispute resolution team has deep experience in conducting insurance litigation, acting for both insurers and policyholders in complex coverage and reinsurance disputes. Our long history of defending corporate liability suits makes us a first choice for insurers seeking to appoint defense counsel for insured claims in the fields of professional indemnity, directors’ and officers’ liability, employers’ liability, and public and products liability.
Our highly-ranked maritime practice also routinely advises on all aspects of marine insurance, both contentious and non-contentious.
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