While the insurance and reinsurance markets have been less affected than anticipated by the financial and economic events of the last three years, capital adequacy and the implementation of Solvency II are exercising management, as is the future direction of regulation.
Geographic expansion into new countries and markets is an evolving trend as competition in mature markets remains fierce and developing countries offer new opportunities. In the area of risk, further fallout from the financial crisis, instability as a result of economic recession and the issues thrown up by political unrest continue to give rise to challenges.
Experience on a global scale
The insurance sector demands close sector focus on a global scale. Clyde & Co is the only firm able to fully meet this challenge, with:
- Extensive experience in every class
- The broadest international coverage of any specialist insurance law firm
- The highest concentration of leading insurance lawyers of any firm
- A broad and balanced offering, from the most complex major claims to volume services
Clyde & Co offers insurers the opportunity to source legal advice from one law firm across a wide spectrum of business lines, on both higher and lower value claims, volume work and across most jurisdictions. The understanding of insurers’ operations, the closeness of relationships, economies of scale, swift referral to expertise and the commitment we offer provides significant benefits to our clients.
We have experience of the following global lines:
- Casualty and healthcare
- Energy and engineering
- Financial lines/D&O
- Professional liability
- Property and liability
- Political risk
- Regulatory risk
- Speciality lines
In addition to experience across the full extent of insurers’ general business lines, we also have a leading practice in respect of reinsurance as well as regulatory matters, and a dedicated corporate insurance team which includes M&A, restructuring, corporate finance, Part VII transfers, captives, run off/exit strategies and life, and in a range of disciplines connected with ongoing commercial operations such as employment, commercial and IT agreements and real estate.
With over 160 Partners and 800 lawyers focusing on insurance and reinsurance, there is no other law firm with the quality, the scale and the coverage we offer the insurance market.