Lead counsel for an appointed actuarial firm before the Securities and Exchange Commission as well as in SDNY class action, wherein the allegations included the sufficiency of public company’s loss reserving
Insurance & Reinsurance
A prominent legal practice in the global insurance and reinsurance market, Clark Hill represents insurers and reinsurers from the United States, Europe, and Bermuda in coverage disputes, arbitrations, insolvency and regulatory actions, and transactional matters. Our deep bench of experience is assuredly comprehensive. We deliver proven skills in all insurance and reinsurance matters. Our practice combines the talents of veteran insurance counselors, accomplished coverage attorneys, formidable trial advocates, and seasoned appellate advisors.
Our team is valued for extensive industry know-how and the ability to efficiently handle any complex matter in connection with (re)insurance—from representing a Bermuda reinsurer in arbitration with its cedant regarding an underlying settlement allocation to appellate advocacy on behalf of excess layer insurers challenging coverage of a class action settlement, to providing an opinion on the status of credit insurance under state law. We are also experienced in guiding managing general agents, producers, agents, and brokers through the array of legal challenges they face.
Our team delivers counseling abilities to clients such as Lloyd’s and other London market insurers, as well as insurers in the United States, Bermuda, and Europe for pre-underwriting and claims audits, management of high exposure claims, and providing coverage advice. We help clients evaluate risk, determine premiums, and draft policies regarding a wide variety of lines of business, including miscellaneous errors and omissions, workers compensation, billing E&O, hospitals, allied health risks, correctional health risks and physicians, and hospital management liability.
Moreover, we assist with the management of high-exposure claims that extend from a nationwide network of defense counsel and other experts through litigation, trial, and appeal. We routinely work with clients’ insureds and their counsel on developing and implementing focused and tactical defenses. Whether through early settlement negotiation or developing litigation strategies, our attorneys have maintained a reputation of dealing constructively and efficiently with clients.
National and coordinating counsel for excess workers comp carrier providing coverage for self-funded employers, captives, and trade associations, appearing in more than two dozen federal court matters across the country
Lead counsel for carrier in a three-member New York arbitration against four excess and a catastrophe layer of commercial auto clash cover reinsurance
Lead counsel in London-situs arbitration, where testimony and documents produced in U.S., involving the experience account balance of more than $25m for a property catastrophe excess, finite retrocession agreement involving 9-11 risks
Engaged by an international carrier to establish uniform, company-wide reinsurance templates for more than twenty products, covering more than $1b in annual ceded risk
Lead counsel for an MGA in an Insurance Department investigation regarding unlicensed activity and excessive fees
Established a Delaware-domiciled risk purchasing group for 14,000 member trade association for the purchase of liability insurance on a group basis